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
