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

BACK TO NEWS

DISCOVER MORE

DEPSYS: IT’S THE DECADE OF THE DSOS

2020 was a lot of things, most of them sombre. However, there is one positive way I believe we in the distribution grid sector can describe the year, as an inflection point. In years to come, we may well look back on 2020 as the year when terms like “energy transition” and “digitalization” finally began to feel less like buzzwords and more like lived reality in our sector. With that in mind, let’s review what we learned and what changed last year; ask ourselves which changes were due to natural progression and which were down to the unique timbre of the year; and what we can hope and expect from 2021 as a result. Steady Progression Through the worst of the pandemic, the lights did not go out, even when workforces were forcibly relocated to kitchen tables and were depleted by staff being sick or self-isolating. For that, distribution system […]

  read more

GENERAL FUSION BROADENS GLOBAL GOVERNMENT SUPPORT WITH U.S. DEPARTMENT OF ENERGY AWARD

VANCOUVER, Canada (8 September 2020): General Fusion has been awarded a funding partnership with the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s new Innovation Network for Fusion Energy (INFUSE) program, recognizing General Fusion as a global leader on the path to commercializing practical fusion. General Fusion will partner with the Princeton Plasma Physics Laboratory (PPPL), one of the world’s leading fusion research laboratories, to develop models for Advanced Stability Analysis for Magnetized Target Fusion. This project will apply advanced computational stability analyses to model equilibrium states of plasma, providing insights important to the company’s Fusion Demonstration Plant (FDP) project. “We are thrilled with this opportunity to partner with other top fusion community scientists and benefit from the capabilities that PPPL offers,” said Michael Delage, Chief Technology Officer, General Fusion. “This collaboration will develop new plasma stability modeling and simulation capabilities for Magnetized Target Fusion, and the knowledge gained […]

  read more

ENGIE INVESTS IN ENERGY DATA LEADER ENERGYWORX

ENGIE, through its venture capital arm ENGIE New Ventures, announces its strategic investment in Energyworx, the worldwide market leader in cloud-based in Energy Data Management solutions. PARIS, FRANCE – July 16, 2020 – Based in the United States and the Netherlands, Energyworx enables top US and European energy companies to unlock valuable insights in their massive granular supply, demand and contextual energy data sets. With this investment, ENGIE expands its existing partnership and leads a new round of funding for Energyworx, joined by EDP – a global player in renewable energy – through its venture capital arm EDP Ventures, and SET Ventures – a leading investor in smart energy solutions. DIGITAL PLATFORM FOR THE ENERGY TRANSITIONMassive growth in volumes of data, insufficient quality of data and expanding data silos are emerging obstacles utilities face as the world transitions to decentralized low-carbon energy. Energyworx has achieved strong growth in recent years with its […]

  read more

SET AND BNP PARIBAS INVEST IN DEPSYS

Technology for the automation of power grids – GridEye makes energy system transformation easy for grid operators Amsterdam, 12 February 2019 – The Swiss technology company DEPsys received EUR 12 million as part of a Series B investment. New investors are SET Ventures and BNP Paribas. This capital increase prepares DEPsys for strong international growth. In 2018, DEPsys doubled the number of customers and is now present in ten markets across two continents. Large-scale rollouts are under way, and recently, DEPsys established its first international subsidiary in Germany. Julia Padberg, Investment Manager at SET Ventures: “We are proud of this first investment from our new SET Fund III. DEPsys’ market leading end-to-end smart grid solution lies at the core of the energy system transition. It enables the rapid global adoption of electric vehicles and solar PV installations, whilst limiting the number of power outages and exuberant grid reinforcement costs.” Michael De […]

  read more