Overview
- The company says lowering a boiler’s flow temperature can save about £65 before Christmas, citing Nesta’s estimate of roughly a 12% bill reduction.
- For combi boilers, Octopus recommends 50°C for heating and 55°C for hot water to improve efficiency.
- For systems with a separate hot-water cylinder, it advises setting the boiler flow a few degrees above 60°C and the cylinder to 60°C.
- Octopus is demerging its Kraken Technologies unit to accelerate the AI platform’s international expansion through software licensing.
- Kraken is connected to more than 70 million customer and business accounts with $500 million in committed annual revenue, and the Wall Street Journal reports the spin-off could precede a possible IPO within 12 months with valuations reported up to $15 billion.