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July 8, 2025

What does Octopus Energy’s Kraken spinoff mean for the company?

“Kraken is the reason for the valuation"


Freya Pratty

3 min read

Amir Orad, CEO of Kraken.

British energy firm Octopus is reportedly planning to demerge its tech arm, Kraken, to create a standalone entity which could be valued at £10bn on its own.

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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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