Octopus Energy Plans to Spin Off Technology Arm Kraken

Octopus said in January it had become the UK’s largest energy supplier and served more than 7 million customers in the country. — Octopus said in January it had become the UK’s largest energy supplier and served more than 7 million customers in the country.
Photographer: Chris Ratcliffe/Bloomberg

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By Eamon Farhat and Dylan Griffiths

September 18, 2025 at 8:03 AM UTC

Updated on

September 18, 2025 at 1:21 PM UTC

Octopus Energy Group Ltd. plans to spin off Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy.

Kraken has been key to Octopus Energy’s growth into the UK’s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-transition technologies like electric vehicles, home batteries, solar panels and heat pumps become more widespread.