Kraken Technologies, the software platform behind Octopus Energy, is reportedly overtaking its parent company’s retail energy business in value. The platform, which serves over 70 million households globally, is preparing for a potential public listing as it expands its international footprint.
The Rise of Kraken Technologies
Kraken Technologies, the software platform developed by UK energy supplier Octopus Energy, is reportedly becoming more valuable than the retail energy business that created it, according to recent analysis. The platform, which manages everything from billing to electric vehicle charging for utility companies worldwide, has grown into one of Britain’s most valuable technology startups of the past decade.