Octopus Energy Spins Off Kraken Utility Billing and AI Platform
Octopus Energy announced the spin‑off of Kraken, its technology platform that handles utility billing, meter management and artificial‑intelligence‑driven grid optimisation. The move follows commitments of annual revenue from other utilities and positions Kraken to work with power providers beyond Octopus without conflicts of interest. Kraken originated as Octopus’s internal demo client, now serving millions of households in the UK and abroad, and integrates AI models to balance renewable energy on the grid while offering flexible tariffs that encourage customers to shift usage to periods of surplus supply.
