To support new growth, Kraken has appointed Tim Wan as CFO in the company. UK-based energy supplier Octopus Energy Group is spinning off its utilities digitalisation platform Kraken in a demerger which could value the spin-off at $15bn. Last year, the parent company Octopus was valued at $9bn. Launched as part of Octopus Energy Group, Kraken’s AI-powered platform is contracted to provide its services to more than 70m household and business accounts worldwide, said Octopus Energy. To support new growth, Kraken has appointed Tim Wan as chief financial officer (CFO) in the company.