Octopus Energy plans to split off its £11 billion tech division, Kraken, to accelerate its worldwide growth

Kraken's potential pursuit of a stock market listing, either in London or New York, within the forthcoming year, could potentially value the company at an impressive £11bn.

, and Administrator

2025 September 26 . 3:02 AM

2 min read

Octopus Energy plans to separate its £11bn tech division, Kraken, in a bid to accelerate its global... — Octopus Energy plans to separate its £11bn tech division, Kraken, in a bid to accelerate its global growth

Octopus Energy plans to split off its £11 billion tech division, Kraken, to accelerate its worldwide growth

In the world of personal finance, DIY investing platforms have become a popular choice for individuals seeking to manage their own investments. AJ Bell, Interactive investor, Hargreaves Lansdown, Trading 212, and InvestEngine are some of the platforms that cater to this growing demand.

Meanwhile, Kraken Technologies, originally built for use by Octopus Energy, has evolved into a globally successful business in its own right. The company, which is being spun off by UK energy company Octopus as an independent firm, is now aiming to serve a billion people over the next decade.

Amir Orad, the CEO of Kraken Technologies, has led the company to significant success. Contracted revenues for Kraken Technologies have quadrupled in the past three years, reaching £369 million through various deals. The business could be valued at as much as £11 billion.

Kraken Technologies has picked up clients such as EDF, Talktalk, and National Grid US, in addition to its original client, Octopus. As a result, the platform is now connected to more than 70 million household and business accounts.

Octopus Energy, the UK's largest energy supplier, now serves 7.7 million households. The technology arm of Octopus, Kraken Technologies, is planning to seek a stock market listing in London or New York.

It's important to note that these platforms, including Kraken Technologies, may offer affiliate commissions to This is Money if a product is taken out through their links. However, the editorial team chooses these deals based on their belief that they are worth highlighting to readers.

These DIY investing platforms offer a variety of services and provide individuals with the opportunity to compare and choose the best one for their investment needs. Whether you're a seasoned investor or just starting out, these platforms provide a convenient and accessible way to manage your investments.