UK-based clean energy tech company Octopus Energy Group announced that it will spin out its AI-powered utility technology business Kraken, alongside a $1 billion standalone investment round into Kraken, valuing the company at over $8.6 billion. Launched within Octopus Energy, Kraken provides an AI-powered operating system platform for energy utilities aimed at helping them manage networks, improve field operations, support…
Octopus Energy Raises $1 Billion for Utility Tech Spinout Kraken
UK-based clean energy tech company Octopus Energy Group announced that it will spin out its AI-powered utility technology business Kraken, alongside a $1 billion standalone investment round into Kraken, valuing the company at over $8.6 billion. Launched within Octopus Energy, Kraken provides an AI-powered operating system platform for energy utilities aimed at helping them manage networks, improve field operations, support…
Octopus Energy Raises $1 Billion for Utility Tech Spinout Kraken
UK-based clean energy tech company Octopus Energy Group announced that it will spin out its AI-powered utility technology business Kraken, alongside a $1 billion standalone investment round into Kraken, valuing the company at over $8.6 billion. Launched within Octopus Energy, Kraken provides an AI-powered operating system platform for energy utilities aimed at helping them manage networks, improve field operations, support…
Octopus Energy Raises $1 Billion for Utility Tech Spinout Kraken
UK-based clean energy tech company Octopus Energy Group announced that it will spin out its AI-powered utility technology business Kraken, alongside a $1 billion standalone investment round into Kraken, valuing the company at over $8.6 billion. Launched within Octopus Energy, Kraken provides an AI-powered operating system platform for energy utilities aimed at helping them manage networks, improve field operations, support…
Octopus Energy Raises $1 Billion for Utility Tech Spinout Kraken
UK-based clean energy tech company Octopus Energy Group announced that it will spin out its AI-powered utility technology business Kraken, alongside a $1 billion standalone investment round into Kraken, valuing the company at over $8.6 billion. Launched within Octopus Energy, Kraken provides an AI-powered operating system platform for energy utilities aimed at helping them manage networks, improve field operations, support…
More than 20 Airlines to Change Environmental Claims After Greenwashing Investigation
The European Commission announced an agreement with over 20 airlines* including Air France, Lufthansa and KLM, with commitments from the companies to stop using environmental claims considered by the EU’s national consumer authorities to be misleading, including claims that the CO2 emissions from flying could be offset by paying additional fees to support climate projects or the use of sustainable…
More than 20 Airlines to Change Environmental Claims After Greenwashing Investigation
The European Commission announced an agreement with over 20 airlines* including Air France, Lufthansa and KLM, with commitments from the companies to stop using environmental claims considered by the EU’s national consumer authorities to be misleading, including claims that the CO2 emissions from flying could be offset by paying additional fees to support climate projects or the use of sustainable…
Royal London completes acquisition of Dalmore Capital
Royal London has finalised its acquisition of UK-based infrastructure manager Dalmore Capital. Dalmore manages £6bn assets, which aim to deliver essential UK infrastructure while supporting the transition to a more sustainable economy. Royal London said the deal highlights the firm’s ambition to grow its private assets capabilities and respond to the increasing demand for access to real assets. While ownership has…
Iberdrola Draws €8 Billion Order Book for First EuGB-Aligned Hybrid Green Bond
Global energy and electricity provider Iberdrola announced that it has raised €1 billion (USD$1.16 billion) in the first-ever offering of a hybrid green bond to be issued under the new European Green Bond (EuGB) standard. The offering drew strong demand with an order book exceeding €8 billion from more than 400 investors across Europe and the UK, Asia and North…
Net Zero Asset Managers Coalition Returns – Without 2050 Climate Commitment
The Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions, announced that it will resume operations after pausing in early 2025 to adapt to a rapidly changing political and regulatory environment which had caused some of its largest signatories to exit the coalition. While…