Octopus looks to buy software startups to manage data center demand
Summary
Octopus Energy US is looking to buy software startups that can help utilities handle rising power demand from data centers. The company recently acquired Uplight, a technology firm used by utilities to free up grid capacity by shifting customer consumption. Octopus is also selling a home battery product in Texas that can send power back to the grid during peak demand. Its CEO says consumer flexibility software could play a bigger role in solving data center power constraints, and the company is actively seeking more opportunities in that space.
AskAI Classifications
Sectors
Energy and Utilities
General Utilities Software
Renewable Energy Software
Functions
No functions detected
Linked Companies
Uplight
$50M to $100M