Octopus Energy to spin-out software arm Kraken at $8.65bn valuation

BusinessGreen staff
clock • 3 min read
Credit: Kraken
Image:

Credit: Kraken

Energy giant announces plan to sell $1bn-worth of equity in Kraken, as part of major funding round involving new and existing investors

Octopus Energy Group is to sell part of its stake in energy software firm Kraken, as part of an investment round announced today that values the company at $8.65bn. The funding round is set to see a...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Global Briefing: INEOS opens EU's first 'full-scale' carbon storage site

Five things businesses should do to prepare for UK SRS

More on Energy

Clean power contract auction could slash energy bills by £11bn, analysts claim
Energy

Clean power contract auction could slash energy bills by £11bn, analysts claim

LCP Delta calculates upcoming Contract for Difference auction promises to reduce wholesale power costs and deliver net savings for households and businesses through to 2050

James Murray
James Murray
clock 18 September 2026 • 3 min read
Practical planning reform is needed to cut business energy costs
Energy

Practical planning reform is needed to cut business energy costs

Policies that enable faster access to renewable power would materially improve domestic energy security for businesses, as the UK faces a tough economic outlook this winter, writes Gordon Buchan from Pell Frischmann

Gordon Buchan, Pell Frischmann
clock 18 September 2026 • 3 min read
RE100 warns supply shortfalls could threaten companies' 100 per cent renewables goals
Energy

RE100 warns supply shortfalls could threaten companies' 100 per cent renewables goals

Corporate demand for clean power is growing, but limited supplies remain the top barrier to meeting corporate goals to source 100 per cent renewable electricity

Amber Rolt
clock 18 September 2026 • 3 min read