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September 18, 2025

Octopus Energy confirms plans to spin off Kraken

It remains unclear how stakes in Kraken will be divided among current shareholders

Freya Pratty

2 min read

Octopus Energy has announced it will spin off its lucrative software division, Kraken, as a separate company, confirming recent market chatter.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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