**Kraken Platform Spins Off from Octopus Energy**
Octopus Energy has officially spun off its highly successful Kraken utility billing and AI platform into a standalone entity. The strategic move aims to accelerate Kraken’s global expansion and solidify its position as a leading technology provider for energy companies worldwide.
Kraken, which leverages artificial intelligence to streamline energy management, customer service, and billing processes, is already licensed to manage over 50 million customer accounts globally. By operating independently, Kraken can now focus more intently on serving its growing roster of third-party utility clients and driving further innovation in the energy tech sector. This separation underscores Octopus Energy’s commitment to fully capitalize on Kraken’s potential as a key player in the digital transformation of the utility industry.