Shares of power producers rose amid deal activity.
British renewable-energy startup Octopus Energy plans to spin off utility management platform Kraken Technologies at a valuation of $8.65 billion.
Expectations for a sharp increase in U.S. electricity demand, stoked by power-hungry artificial-intelligence data centers, have driven up the value of the utilities industry group of the S&P 500 by about 13% for 2025, continuing a strong streak for the sector.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 30, 2025 17:34 ET (22:34 GMT)
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