Octopus Energy

Octopus Energy is an energy company that has gained prominence in the UK market. It's currently newsworthy due to its decision to sell a stake in its Kraken software division, valuing the arm at $8.65 billion. Kraken is the technology that powers Octopus Energy, managing customer billing, smart meters, electric vehicle charging, and home batteries. The software is also licensed to rival suppliers. This sale could pave the way for a future stock market flotation of Kraken. The British Business Bank's investment in Kraken has raised questions about the necessity of public funding. Meanwhile, the broader UK energy market faces scrutiny for below-average customer service among many suppliers, highlighting the importance of efficient and customer-friendly platforms like Kraken.