Octopus Energy to offload AI unit Kraken, valuing platform at $8.7 billion (OGFGF:OTCMKTS)


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Robert Way

Origin Energy said British renewable energy startup Octopus Energy is spinning off its technology arm, Kraken, in a deal that values ​​the platform at $8.65 billion, following a $1 billion funding round.

Origin Energy, which owns about 23% of Octopus, is investing $140 million in Kraken

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