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Octopus Energy Group to Spin Off Kraken
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Kraken hits $500m revenue milestone and spins off from Octopus Energy Group
LONDON & NEW YORK--(BUSINESS WIRE)--Sep 18, 2025-- Octopus Energy Group today announces the spin-off of its world-leading technology company, Kraken, in a move aimed at speeding up the platform’s expansion across the globe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250918156123/en/ Kraken hits $500m revenue milestone and spins off from Octopus Energy Group Launched as part of the Octopus Energy Group, Kraken’s AI-powered platform is now contracted to serve over 70 million household and business accounts worldwide.