Portfolio News | 1 December 2022

Octopus Energy Group’s Kraken acquires Depsys

London / Lausanne – November 30th 2022 – Kraken, today announces the acquisition of Depsys, an energy technology company based out of Lausanne, Switzerland

  • Octopus Energy Group’s Kraken moves into distribution network operations with acquisition of energy tech provider Depsys and its ‘GridEye’ platform
  • GridEye offers analytics, data and real time monitoring services to distribution network operators looking to digitally transform their operations
  • Grid digitalisation is 700 times* cheaper than traditional grid reinforcement
  • Kraken’s flexibility arm now contracted to manage over 4.3 GW worth of renewables

Read the full release here

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