Kraken Technologies

Kraken Technologies

Cloud-based DERMS enabling real-time energy trading

Overview

KrakenFlex provides a cloud-based Distributed Energy Resources Management System (DERMS) that lets asset owners, energy traders, and retailers monitor and control distributed energy resources in real time. The software connects to DERs—from storage and generation facilities to residential devices and electric vehicles—and optimizes their output to participate in ancillary and wholesale markets. It is sold as SaaS with subscription fees (and possibly transaction-based fees) and delivers sub-second response times with comprehensive monitoring. The goal is to help clients maximize value from energy assets by coordinating DERs across multiple markets in real time, differentiating itself with real-time, cloud-based control across diverse DERs and markets.

About Kraken Technologies

Simplify's Rating
Why Kraken Technologies is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Energy

Enterprise Software

Financial Services

Company Size

1,001-5,000

Company Stage

Early VC

Total Funding

$1B

Headquarters

London, United Kingdom

Founded

2014

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Simplify's Take

What believers are saying

  • July 2026 Calisen partnership expands Kraken Field into Britain's largest smart-meter rollouts.
  • June 2026 Databricks award strengthens Kraken's credibility for enterprise AI utility workloads.
  • January 2026 $1 billion financing valuing Kraken at $8.65 billion funds global expansion.

What critics are saying

  • Octopus's January 2026 spinout creates execution risk during independence and governance reset.
  • Schneider Electric's June 2026 partnership commoditizes flexibility tooling Kraken sells today.
  • Utility AI failures trigger regulatory penalties, service outages, and contract losses within months.

What makes Kraken Technologies unique

  • Kraken's utility OS serves 90+ million accounts across 27-plus countries.
  • June 2026 Autonomous Agents reached 1.3 million accounts in four weeks.
  • April 2026 Saudi Energy JV gives Kraken MENA distribution and 11.5 million accounts.

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Funding

Total Funding

$1B

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Time Off

401(k) Retirement Plan

Parental Leave

Flexible Work Hours

Equity Options

401(k) Company Match

Flexible Work Hours

Parental Leave

Time-Off for Flexible working environment

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

1%
TEI Times
Jul 16th, 2026
https://www.prnewswire.co.uk/news-releases/calisen-adopts-kraken-to-modernise-field-operations-behind-smart-meter-roll-out-driving-britains-energy-transition-302826685.html.

https://www.prnewswire.co.uk/news-releases/calisen-adopts-kraken-to-modernise-field-operations-behind-smart-meter-roll-out-driving-britains-energy-transition-302826685.html. Calisen adopts Kraken to modernise field operations behind smart meter roll-out driving Britain's energy transition. * Kraken to optimise field operations behind GB's largest smart meter provider - Calisen * Enables smarter scheduling, fewer miles for engineers, and faster, more reliable service for customers * First of its kind partnership accelerates the roll-out of smart infrastructure underpinning the energy transition MANCHESTER, England and LONDON, July 16, 2026 /PRNewswire/ - Calisen, the largest owner and manager of smart meters in Great Britain, is partnering with Kraken to modernise its field operations and improve the delivery of smart meter services. The first of its kind partnership will see Calisen bring scheduling, dispatch and workforce management together using Kraken Field on the Kraken operating system to support delivery and maintenance of its meters - improving the capability of its 1,100-strong field force. With a Calisen engineer carrying out a home visit every six seconds, field operations need to be as intelligent as the infrastructure they support. Kraken's field operations product removes the need for time-consuming manual planning - intelligently matching engineers to jobs, optimising schedules and reducing unnecessary travel. By ensuring engineers arrive with the right skills and tools to complete a job, Kraken enables Calisen to complete more successful appointments with the same workforce, while delivering better, more reliable service, higher first-time fix rates, and fewer missed appointments for customers. Smart meters are one of the foundations of a more flexible energy system, but the rollout depends on thousands of field visits being planned and completed reliably. By modernising the operational layer behind those visits, Kraken and Calisen can help accelerate the deployment and maintenance of the infrastructure Britain needs for a cleaner, more flexible grid. Amir Orad, CEO of Kraken, said: "The energy transition depends on the deployment of smarter infrastructure at national scale - and to make the operations behind it just as intelligent. Calisen has built one of the UK's most important smart-metering platforms, and Kraken Field optimisation will help make every visit count: improving first-time success, reducing unnecessary miles and giving customers a faster, more reliable service." Catherine O'Kelly, CEO of Calisen, added: "Around three quarters of British homes now have smart meters. In this mature and more complex phase of the roll out, the remaining installations are in harder to reach homes, we are fixing non-communicating meters and performing upgrades. At the same time, consumers are rightly demanding this crucial bit of kit is functioning well as they look to install solar panels and batteries or switch to EVs. This new phase of the smart meter system is more technical, with tougher penalties for suppliers where things go wrong. It is therefore vital that we have the best systems in place to ensure our 1,100 field force is in the right place at the right time with the right equipment to improve customer service. Kraken offers the best way for us to secure this ambition." The partnership with Kraken is part of Calisen's broader technology transformation to ensure best in class service to its customers as they navigate the clean energy transition. The transformation is being delivered in carefully planned pilot phases by a dedicated internal team in partnership with market leaders like Kraken and with the support of 'early adopter' employees within the business. About Kraken Kraken is the most-loved and proven operating system for energy. Powered by Utility-Grade AI(R) and deep industry expertise, Teitimes help utilities transform their tech and operations so they can lead the energy transition. Kraken supports 90+ million accounts worldwide, from households and businesses to large industrial customers, enabling utilities to innovate faster, unlock revenue, make energy more affordable for customers, and create a smarter, more resilient grid. Trusted by leading energy companies like EDF Energy, E.ON Next, Octopus Energy, Origin, Plenitude, National Grid and Tokyo Gas, Kraken consistently delivers measurable results, including up to 40% greater efficiency and 3x improved customer satisfaction. Its operating system delivers better outcomes from generation, through distribution, to supply - unifying data, automation and AI that's designed and constantly optimized for utilities in one platform. With a constant stream of new software releases, its clients are equipped for the future. And with an unparalleled track record for speedy, seamless migrations, Teitimes is helping utilities around the world power the possible. Headquartered in London and New York, with regional centers in Paris, Tokyo and Melbourne, its mission is to make a big, green dent in the universe and improve one billion lives. https://kraken.tech/ About Calisen Calisen Group Holdings Limited ("Calisen") has been operating in the modernisation of metering systems for over a decade, originating in Manchester and Wigan in the UK. Calisen has grown substantially in this time and is now the leading owner and operator of essential energy infrastructure assets, with around 16m meters, including around 40% of all smart energy meters in UK homes. Calisen's purpose is to contribute to the transition of the country's energy and water systems from analogue to intelligent technology, making them more efficient, more resilient and giving people the power to connect to market innovations like flexible tariffs and home generation like solar. Calisen employs approximately 1,500 people from its offices in Manchester, Market Harborough, London, Wigan and Portsmouth. Calisen also announced the launch of its first international business in Germany in November 2025. For further information, please visit www.calisen.com

NAED
Jun 17th, 2026
Schneider Electric announces partnership with Kraken.

Schneider Electric announces partnership with Kraken. RUEIL-MALMAISON, France - Schneider Electric and Kraken announced a strategic partnership to accelerate global adoption of electricity demand flexibility. Schneider Electric and Kraken are partnering to deliver new solutions for Distribution System Operators (DSO) and utilities, providing new levels of capabilities to monitor the grid, forecast congestion, and shift demand in real time. By unlocking greater demand flexibility and improving the use of existing network capacity, these capabilities deliver faster connections for data centers and large industrial loads. This delays the need for expensive grid upgrades, helping lower overall system costs and avoid rising bills for consumers and industry, supporting growth and accelerating the energy transition. The partnership enables households and businesses to contribute to a more flexible and efficient electricity system. Optimizing electricity demand across EVs, home batteries, solar PV, industrial loads and utility-scale energy resources can reduce network congestion, balance the grid in real time and create value across the energy system. Analysts estimate the global value of demand-side flexibility across industrial and commercial sectors could be worth up to $1 trillion per year1. The need for flexibility is becoming increasingly urgent as electricity demand increases. Electricity demand from data centers alone reached around 415 TWh in 2024, and this figure is set to double by 2030. In addition, grids face severe congestion because DSOs often lack real-time network visibility. Traditional solutions rely on capital-intensive infrastructure upgrades with long lead times. This gridlock delays network connections, stalls growth and increases costs for everyone. This partnership offers a faster, smarter, and more resilient path forward. Schneider Electric provides real-time visibility of network constraints through its One Digital Grid Platform and EcoStruxure DERMS, together with efficient demand-side flexibility from its broader EcoStruxure(TM) ecosystem, for predictive optimization, energy intelligence, distributed control, and for flexible load management. Kraken complements this visibility by turning distributed energy resources into a single, coordinated system. The AI-powered platform connects EVs, home batteries and heat pumps, which provide visibility over the local, low-voltage network. Kraken orchestrates these devices alongside utility-scale storage, generation assets and industrial loads to shift consumption and balance the grid in real time. Amir Orad, CEO of Kraken, said: "For Kraken, it's clear: speed to flexibility means speed to power. AI is not just a driver of demand - it revolutionizes the capacity we can get out of the grid we already have. We are unlocking that capability at scale, to boost grid connections and power growth. Together with Schneider Electric, we're building a more resilient, more affordable and cleaner energy system - for consumers and for the planet." "Utilities and grid operators are under real pressure to maintain reliability, respond to shifting demand and make better decisions with better data, whilst working with aging infrastructure", says Frédéric Godemel, EVP of Energy Management at Schneider Electric. "Our aim is to create an interoperable energy system that works seamlessly. By combining Schneider Electric's platform approach with specialist partners like Kraken, we can help customers make the most of existing assets, reduce complexity, roll out new capabilities faster, unlock hidden capacity and see value sooner."

CXM Today
Jun 12th, 2026
Kraken launches Autonomous Agents for utility customer service.

Kraken launches Autonomous Agents for utility customer service. June 12, 2026 Kraken is helping utilities automate complex customer journeys with AI agents built for energy-specific service and compliance requirements. Kraken has launched Autonomous Agents, a new suite of utility-specific AI agents developed in partnership with Sierra to help energy providers automate customer service and resolve complex customer journeys at scale. The solution combines Sierra's AI customer experience platform with Kraken's utility operating system, unified data model, and workflow engine. Designed specifically for the energy sector, Autonomous Agents enable utilities to design, test, and deploy AI-powered customer experiences using a no-code interface. The agents are built on Kraken's Utility-Grade AI and AI access layer, allowing them to access real-time account information, usage data, pricing details, and operational workflows while adhering to regulatory and compliance requirements. "We're excited to partner with Kraken - combining our platform with their industry expertise - to help utilities build better, more human experiences while also driving their revenue. Agent OS sets the standard for adaptability and transparency, enabling even regulated companies to go live in weeks with high CSAT and resolution rates," said Bret Taylor, Co-Founder, Sierra. According to Kraken, the technology has already been deployed at enterprise scale, going live within four weeks at a major energy utility and now supporting 1.3 million customer accounts. Bringing AI to utility customer service. Utilities are facing increasing pressure to improve customer experiences while managing growing operational complexity. Traditional IVR systems and generic conversational AI tools often struggle with utility-specific interactions that require deep domain expertise, access to live operational data, and compliance controls. Kraken said Autonomous Agents address these challenges by enabling AI agents to activate core business workflows in a structured and governed manner. The platform incorporates energy market logic, regulations, and operational rules that are continuously updated to ensure reliable customer interactions. "Energy is too important, too complex and too urgent for generic AI. That's why we're building specialised AI for utilities, combining Kraken's deep energy expertise, data models and AI-driven business engines with Sierra's leading technology," said Assaf Biderman, Chief AI Officer, Kraken. Scaling customer experience with AI. Built directly into Kraken's operating system, Autonomous Agents enable utilities to automate routine customer interactions while allowing human specialists to focus on cases that require additional judgment and expertise. The agents can access approved capabilities, request context, and trigger workflows across customer service operations. The launch forms part of Kraken's Open Kraken strategy, which aims to expand how utilities and partners build on its operating system. By embedding AI into utility workflows, the company seeks to help energy providers improve service quality, increase operational efficiency, and deliver more consistent customer experiences at scale. The launch reflects growing investment in industry-specific AI solutions that combine automation with domain expertise, enabling organisations to modernise customer service while maintaining trust, compliance, and reliability.

Associated Press
Jun 11th, 2026
Kraken and Sierra launch AI agents for utility customer service, covering 1.3M accounts in four weeks

Kraken, an operating system for utilities, has launched Autonomous Agents in partnership with Sierra, deploying AI agents for utility customer service. The agents combine Sierra's AI platform with Kraken's utility data model and energy expertise to orchestrate complex workflows and deliver customer resolutions at scale. The system is already operational at enterprise scale, launching four weeks after project start with a major energy utility covering 1.3 million customer accounts. Built into Kraken's operating system, Autonomous Agents provide a no-code interface for operations leaders to design and deploy AI agents grounded in real-time account, usage and pricing data. Kraken supports over 90 million accounts worldwide and works with clients including EDF Energy, E.ON Next and National Grid. The company is headquartered in London and New York.

MLQ AI
Jun 9th, 2026
Schneider Electric and Kraken partner on demand-flexibility platform to speed data center grid connections.

Schneider Electric and Kraken partner on demand-flexibility platform to speed data center grid connections. Key points * Schneider Electric and Kraken announced a global partnership on June 9, 2026 to build demand-flexibility tools for DSOs and utilities targeting faster data center grid connections [[1]] * Schneider contributes its One Digital Grid Platform and EcoStruxure DERMS; Kraken brings its AI-powered distributed energy resource orchestration platform used by utilities serving tens of millions of accounts [[1]] [[3]] * European data center grid connection queues currently stretch 7-10 years in core markets like Germany and the Netherlands, and up to 10-15 years in the UK [[5]] [[6]] * Global data center electricity demand reached approximately 415 TWh in 2024 and is projected to double by 2030, intensifying grid congestion [[1]] * Analysts estimate global demand-side flexibility is worth up to $1 trillion annually across industrial and commercial sectors [[2]] Schneider Electric and Kraken, the energy technology platform owned by Octopus Energy Group, announced a global partnership on June 9, 2026 to develop demand-flexibility solutions for distribution system operators (DSOs) and utilities. The combined offering targets a specific bottleneck in the AI buildout: multi-year grid connection queues that are delaying data center energization across Europe and beyond [[1]]. The partnership pairs Schneider's grid-side hardware and digital management tools - including its One Digital Grid Platform and EcoStruxure DERMS - with Kraken's AI-powered platform for orchestrating distributed energy resources such as EVs, batteries, heat pumps, and industrial flexible loads. Together, the companies aim to give utilities real-time visibility into network constraints, forecast congestion, and shift demand to unlock capacity on existing infrastructure without waiting for costly grid reinforcements [[1]] [[2]]. The deal arrives as data center developers face widening gaps between project timelines and grid readiness. Global data center electricity demand hit roughly 415 TWh in 2024 and is on track to double by 2030, according to industry estimates cited by Schneider [[1]]. In congested European hubs - Germany, the Netherlands, Dublin, and parts of the UK - connection lead times now range from 7 to 15 years for standard large-load applications [[5]] [[6]]. What the partnership delivers. Schneider Electric contributes its grid-management stack: the One Digital Grid Platform for real-time network visibility, EcoStruxure DERMS for distributed energy resource management, and its broader EcoStruxure ecosystem for predictive optimization and distributed control. On the customer side, Schneider's data center infrastructure - switchgear, UPS, microgrids, and on-site generation and storage - provides the physical flexibility assets [[1]] [[3]]. Kraken's platform, already licensed to utilities serving tens of millions of accounts worldwide - including EDF, E.ON, National Grid, and Origin Energy - adds the orchestration layer. The cloud-based system aggregates, forecasts, dispatches, and settles flexible demand across a utility's customer base, effectively turning controllable loads into a virtual power plant that grid operators can dispatch against congestion [[3]] [[4]]. The combined solution is designed to let utilities treat flexible customers - including data centers willing to modulate load during grid stress - as network assets. By demonstrating that capacity exists through demand response, operators can secure faster, conditional grid connections rather than waiting for full firm capacity [[1]]. The grid connection bottleneck. Grid connection delays have become the binding constraint on data center buildout in multiple European markets. In Germany, large-load connection queues now mirror Northern Virginia's roughly 7-year timelines. The Netherlands averages 10 years. Ireland's grid operator has effectively paused new data center interconnection agreements in the Dublin area until 2028 [[5]] [[6]]. The UK faces some of the most severe delays. Across England and Wales, approximately 176 GW of contracted projects are waiting for connections, with some dates pushed back up to 14 years. The UK government has begun consulting on accelerating connections for 'strategic demand' including data centers, but concrete results remain early-stage [[6]] [[7]]. Demand-side flexibility offers a workaround: if a data center can contractually commit to reducing or shifting load during periods of grid stress, the grid operator can approve its connection sooner by counting that flexibility as available capacity. This is the mechanism Schneider and Kraken are commercializing [[1]] [[2]]. Schneider's data center grid strategy. The partnership extends Schneider Electric's broader push toward what it calls 'grid interdependence' - a model where data centers use on-site generation, battery storage, and flexible load controls to operate as grid assets rather than purely passive consumers. In a January 2026 blog post, Schneider outlined how data centers could maintain operations during partial grid disconnection while simultaneously providing stability services back to the network [[8]]. Schneider is also a member of EPRI's DCFlex Initiative, an industry consortium focused on improving data center energy flexibility and grid integration [[9]]. The Kraken partnership adds a commercial software layer to these efforts, providing utilities with a platform that can contract, automate, and settle flexible capacity at scale. Schneider Electric, headquartered in Rueil-Malmaison, France, trades on Euronext Paris under the ticker SU.PA and carries a market capitalization of approximately $175 billion. Its Energy Management division, led by EVP Frédéric Godemel, generated the majority of the company's revenue in 2025 [[10]]. Kraken's utility footprint. Kraken operates as the technology arm of Octopus Energy Group, a privately held UK-based energy company. The platform has been licensed to utilities across Europe, North America, and Asia-Pacific, supporting tens of millions of customer accounts. Octopus has stated a target of surpassing 100 million accounts on Kraken by 2027 [[3]] [[4]]. In the United States, Kraken is deployed with National Grid in New York and Massachusetts to serve 6.5 million customers, and has run pilot programs with United Illuminating (Avangrid) combining multiple asset types into an intelligent demand program [[4]]. Octopus also recently acquired a majority stake in Uplight, a US grid-tech company, to scale digitalized flexibility in North America [[11]]. Kraken claims to operate the world's largest residential virtual power plant, aggregating EVs, home batteries, heat pumps, and smart thermostats into dispatchable flexibility resources for grid operators [[3]]. Market context. The partnership sits at the intersection of two accelerating trends: the explosion in data center power demand and the growing recognition that demand-side flexibility is a faster, cheaper alternative to building new grid infrastructure. Analysts cited by the partners estimate the global demand-side flexibility market at up to $1 trillion annually across industrial and commercial sectors [[2]]. For data center operators, the practical implication is that flexible interconnection agreements - where facilities commit to defined load curtailment during grid stress in exchange for faster connection - are becoming a standard path to energization in congested markets. The Schneider-Kraken platform provides the monitoring, dispatch, and settlement infrastructure that makes those agreements operationally viable [[1]] [[2]]. Companies mentioned.

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