Kraken Technologies, the cloud-native platform behind the fast-growing disruptor Octopus Energy, is expanding to target industries such as water and broadband.
Since 2020, Kraken has contracted 25 million accounts in energy, accounting for over 40% of UK energy customers, and is live in six geographies.
With clients including EDF, E.On, Octopus, Origin, Tokyo Gas, Good Energy and Hanwha’s Nectr, Kraken has already delivered around 20 rapid, successful migrations.
Its new business, Kraken Utilities, will be the first all-service dedicated technology platform for the utility industry.
Innovation at pace
Building on the already award-winning end-to-end entech platform, Kraken Utilities will create customer centricity and automated, scalable and efficient operations for other traditionally low-tech sectors, allowing innovation at pace.
Completely cloud-native, Kraken delivers around 100 releases per day, supported by an enormous array of automated testing. This allows hyper-speed development compared with traditional platforms – enhancing agility and driving greater security, resilience and service levels.
In a fast-changing world, fast-changing technology is no longer a luxury, but increasingly a necessity to keep up with customer expectations, regulatory changes and social and environmental needs – as well as the huge opportunities offered to drive higher efficiency through big data and machine learning.