kraken

Example Sentences

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SYDNEY—British renewable-energy startup Octopus Energy will spin off utility management platform Kraken Technologies at a valuation of $8.65 billion.

From The Wall Street Journal

Octopus raised $1 billion in its first stand-alone funding round for Kraken, an artificial-intelligence platform used by global energy retailers, with more than 70 million customers between them.

From The Wall Street Journal

The separation of Kraken, which Octopus flagged in September and expects to occur by the middle of 2026, is seen by analysts as a precursor to a likely initial public offering.

From The Wall Street Journal

Kraken could be worth as much as $15 billion in such a scenario, those analysts have said.

From The Wall Street Journal

Octopus will own almost 14% of the separated Kraken, which counts Origin, French energy giant EDF and Japan’s Tokyo Gas among its customers.

From The Wall Street Journal