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July 5, 2025

Octopus Energy plans to spin out software division Kraken, reports say

The new company could be valued at as much as £10bn

Martin Coulter

1 min read

Octopus Energy plans to spin out its lucrative software division, Kraken, as a separate company, according to reports.

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Martin Coulter

Martin Coulter is Sifted's news editor, based in London. You can follow him on LinkedIn and X

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