Published: December 30, 2025 at 10:35 pm
Octopus Energy Group’s technology company, Kraken, is all set for an IPO after announcing a $1bn investment.
The round sees new and existing investors acquiring c.$1bn of Kraken equity to fund both Octopus and Kraken.
It represents the first standalone investment into Kraken and was led by D1 Capital Partners at a valuation of $8.65bn.
The demerger will enable Kraken to operate as a fully independent technology platform for utilities worldwide and allows Octopus Energy Group to focus on scaling its consumer, generation, and clean technology businesses.
It also paves the way for a potential stock market flotation in the next two to three years in either London or New York.
Greg Jackson, founder of Octopus Energy Group, said: “Kraken is in a class of its own, in terms of technology, capability, and scale.
“As an independent company with world-class backers and outstanding leadership, it will be free to grow even faster and is set to be a true UK-founded success story.
“Having incubated Kraken, Octopus is a powerhouse of innovation and technology, and will now have even more horsepower to deliver the transformation of energy globally.”