UK utility Octopus Energy Group Ltd. has agreed to sell a stake in software unit Kraken Technologies at a valuation of $8.65 billion as an initial step toward spinning the business off.
Engineers prepare to install an Octopus Energy Ltd. Cosy 6 heat pump at a residential property in Derby, UK, on Tuesday, July 15, 2025. In order for the share of households with heat pumps to go from 1% now to its goal of 50% by 2040, the Climate Change Committee says consumers will need to be enticed with subsidies.
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