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February 4, 2025

Octopus Energy turns profit for second year running as its tech arm surges

The company’s tech arm, Kraken, saw significant growth in 2024

Freya Pratty

2 min read

London-based energy supplier Octopus Energy has recorded its second year of profitability, despite a dip in revenues. The company’s tech arm, Kraken, which files separate financial accounts, saw a near six-fold increase in profit in 2024.

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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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