1. Home
  2. Tag "Plans $14 Billion"

Octopus Energy Plans $14 Billion Spin-Off to Launch Kraken as Independent Tech Giant – EQ

In Short : UK-based Octopus Energy is considering a $14 billion demerger of its tech arm, Kraken Technologies, aiming to spin it off within a year. The move may include selling a 20% stake to external investors. Kraken, which manages over 70 million utility accounts globally, could operate independently, unlocking value and enabling broader partnerships […]

Powerica to Develop 2,000 MW Wind-Solar Hybrid Park in Gujarat to Boost Renewable Capacity – EQ