Octopus Energy-backed Kraken completed the acquisition of Depsys.

Octopus Energy-backed Kraken, a developer of a cloud-based energy system management platform, completed the acquisition of Depsys, an energy technology company based out of Lausanne. Financial terms were not disclosed. “By using and integrating Depsys’ technology into Kraken’s flexibility platform, we are enabling far more granular monitoring of all manner of green energy resources, like EVs, renewable generators and more. With the help of this new technology, grid operators will be able to save huge amounts of cash on costly physical upgrades by looking at a full-service, digital solution. We can’t wait to get started in Switzerland," Devrim Celal, Kraken CEO.