Overview
Kraken Technologies is a leading technology platform for utilities, with its AI-powered operating system providing a single platform for billing, smart metering, tariff optimisation, grid management and customer service. We invested in 2025.
Our value add
Decarbonising the electricity system requires more than building renewable generation, it demands a fundamental transformation in how utilities operate.
Legacy energy IT systems were not designed for a world of distributed generation, dynamic pricing and millions of connected devices. Kraken was.
Kraken’s AI-powered platform is built from the ground up for the modern utility. By integrating billing, smart metering, tariff optimisation, grid management and customer service into a single system, it enables utilities to operate more efficiently, serve customers better and accelerate the shift to a renewable grid.
Through its supply and demand management capabilities, Kraken optimises energy usage toward periods of higher renewable generation, a direct and scalable contribution to decarbonising the electricity system.
The platform is licensed by some of the world’s largest energy companies, demonstrating that Kraken’s technology is proven at scale and trusted by utilities operating in highly regulated, mission-critical environments.
Its formal separation from Octopus Energy Group in 2026 was a strategically significant moment; as a standalone business, Kraken can pursue global enterprise licensing and SaaS expansion with its own governance, leadership and capital structure, and utilities worldwide can license its technology without commercial conflict.
We are working closely with Kraken’s team on sustainability potential and measures as it establishes its independence and grows its global footprint. As Kraken scales, so does its contribution to decarbonising the global utility sector.
Kraken is headquartered in the UK with operations globally.