What is Kraken Technologies' planned flotation value?

Kraken Technologies is being lined up for a £6 billion flotation.

Who is Greg Jackson and what is his connection to Octopus Energy?

Greg Jackson is the founder of Octopus Energy, a company he grew from humble beginnings to become the UK's largest domestic energy supplier.

Why is Kraken Technologies being spun off from Octopus Energy?

Kraken Technologies is being separated to allow it to sell software services to other companies more easily, as Octopus Energy competes with some of them in the energy market.

Home / Business and Economy / Octopus Energy Chief Eyes Massive Kraken Tech Float

Octopus Energy Chief Eyes Massive Kraken Tech Float

8 Feb

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Summary

Octopus Energy's tech arm, Kraken, is slated for a £6 billion flotation.
Founder Greg Jackson rose from a humble seaside town upbringing.
The company aims to list both Kraken and Octopus Energy on the stock market.

Octopus Energy Chief Eyes Massive Kraken Tech Float

Greg Jackson, founder of Octopus Energy, is preparing its technology division, Kraken Technologies, for a potential £6 billion flotation. Jackson, who hails from Saltburn near Middlesbrough, has built Octopus Energy into the UK's largest domestic energy supplier, serving 7.9 million customers.

Kraken Technologies, a software platform managing customer service and supply, is central to Octopus Energy's success and is also used by competitors like E.On and EDF. Despite its acclaim as a valuable British tech startup, some analysts express caution regarding its ambitious valuations and recent market fears surrounding AI's impact on software-as-a-service businesses.