Octopus Energy and Masdar sign agreement to manage UK battery storage

Octopus Energy has announced that it has signed a framework agreement with Masdar to license Octopus’ technology platform Kraken. Masdar will use Kraken to flexibly manage its battery storage portfolio in the UK.
In the presence of HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President-Designate, the agreement was signed between Mohamed Jameel Al Ramahi, CEO of Masdar, and Greg Jackson, Founder and CEO of Octopus Energy Group,