Blockchain Registration Transaction Record

Octopus Energy Spins Off Kraken Tech Platform in Global Expansion Move

Octopus Energy spins off Kraken technology platform to accelerate global expansion. AI-powered system serves 70M accounts, processes 15B data points daily, driving energy innovation worldwide.

This spin-off represents a major development in the global energy technology landscape that directly impacts consumers and the clean energy transition. Kraken's AI-powered platform is revolutionizing how utilities operate, potentially leading to lower energy costs, improved customer service, and faster adoption of renewable energy technologies for millions of households worldwide. As energy systems become increasingly digital and decentralized, platforms like Kraken enable better integration of electric vehicles, home batteries, and smart devices, giving consumers more control over their energy usage while supporting grid stability. The accelerated expansion of this technology could drive down operational costs for utilities, savings that may be passed on to customers, while accelerating the transition to a cleaner, more efficient energy system that benefits both the environment and household budgets.