18 Sep Goldman to sell minority stake in Kraken
London, September 18, 2025, (Oilandgaspress) ––Octopus Energy – Britain’s biggest household gas and electricity supplier reportedly has engaged Goldman Sachs to handle the demerger of Kraken Technologies. The Wall Street bank will also orchestrate discussions with prospective investors about the disposal of a minority stake in Kraken, according to media reports.
Kraken is an operating system which is licensed to other energy providers, water companies and telecoms suppliers.
It connects all parts of the energy system, including customer billing and the flexible management of renewable generation and energy devices such as heat pumps and electric vehicle batteries.
The business also unlocks smart grids which enable people to use more renewable energy when there is an abundant supply of it.
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