Tags: energy technology

Paris‑Milan venture firm 360 Capital has raised €85 million for a new deep‑tech vehicle supported by at least one major European defence prime. The fund, which adds to the firm’s €500 million‑plus asset base, targets dual‑use technologies at the intersection of software, hardware and national security. Backed by defence contractors seeking faster access to innovative startups, the vehicle aims to bridge Europe’s slow, fragmented procurement processes and provide portfolio companies with strategic procurement pathways. The move reflects a broader shift toward defence‑linked deep‑tech investing across the continent. Read more

Octopus Energy announced the spin‑off of Kraken, its technology platform that handles utility billing, meter management and artificial‑intelligence‑driven grid optimisation. The move follows commitments of annual revenue from other utilities and positions Kraken to work with power providers beyond Octopus without conflicts of interest. Kraken originated as Octopus’s internal demo client, now serving millions of households in the UK and abroad, and integrates AI models to balance renewable energy on the grid while offering flexible tariffs that encourage customers to shift usage to periods of surplus supply. Read more