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December 30, 2025

Octopus Energy to spin off tech arm Kraken at $8.65bn valuation

The UK energy company is selling $1bn-worth of shares in Kraken

Octopus Energy is set to spin out its software division Kraken at an $8.65bn valuation. 

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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