Kraken Technologies controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Political controversy over British Business Bank investment
A reported £25 million investment by the British Business Bank attracted political criticism because Kraken had already been assigned a multibillion-dollar valuation. Critics also raised questions about the political connections of Octopus founder Greg Jackson. The business secretary rejected the characterization of the investment as improper financial support.
2025
Conflict-of-interest concerns over Octopus ownership
Industry observers questioned whether utilities competing with Octopus Energy could be comfortable licensing Kraken while the platform remained owned by Octopus. The concerns focused on governance, data ring-fencing, and the possibility of commercially sensitive information being exposed to a parent company that also operates a competing retail business. Octopus's announced demerger plan was presented as a way to reduce these concerns.
2025
Regulatory capital dispute involving Octopus Energy
After Ofgem introduced financial-resilience requirements, public criticism focused on Octopus Energy's reported capital position and the treatment of intangible assets associated with Kraken. The dispute involved calls from competitors for stronger regulatory action and commentary that separating Kraken could affect the parent company's capital position.