KrakenFlex is a company that develops a real-time software platform that digitally controls generation, storage, and demand side response Distributed Energy Resources (DERs). It uses algorithms and artificial intelligence to manage and monetize portfolios of diversified and distributed energy resources. The company serves owners, traders, and retailers.
Parent CompanyOctopus Energy
HQManchester, GB
Cybersecurity ratingAMore
KrakenFlex was founded in 2014 and is headquartered in Manchester, GB

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Key People/Management at KrakenFlex

Devrim Celal

Devrim Celal

Chief Executive Officer
Matthew Wapples

Matthew Wapples

Director, Global - Sales & Account Management
Rebecca Mahoney

Rebecca Mahoney

Director of Programme Delivery
Andy Molineux

Andy Molineux

Development Director, Co-Founder
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KrakenFlex Office Locations

KrakenFlex has an office in Manchester
Manchester, GB (HQ)
Phoenix House, 61 Spear St
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KrakenFlex Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$8.2 m


In total, KrakenFlex had raised $8.2 m. KrakenFlex is a subsidiary of Octopus Energy

KrakenFlex Revenue

KrakenFlex's revenue was reported to be £10.15 m in FY, 2020
GBPFY, 2020



Cost of goods sold


Gross profit


Gross profit Margin, %

GBPFY, 2020



Current Assets


Total Assets


Accounts Payable

GBPFY, 2020



Financial Leverage

1.6 x
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KrakenFlex Cybersecurity Score

Cybersecurity ratingPremium dataset



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KrakenFlex Online and Social Media Presence

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KrakenFlex Blogs

Navigating the Energy System Transition – Episode 9

The UK has a target of 40GW of offshore wind by 2030. Having such a large amount of non-synchronous generation poses great challenges for the operation of our power system. However, under the right conditions, that wind generation can also help solve power system operability challenges. Our guest in…


In this episode Dr Adam Stock of the University of Strathclyde introduces us to the benefits of implementing smart control on wind farms. We hear how smart curtailment (at times of high wind and low demand) could increase the life of wind turbines and also enable wind turbines to provide ancillary s…

Navigating the Energy System Transition – Episode 7

In the latest episode of our podcast ‘Navigating the Energy System Transition’ we speak to Vincent de Rul, Director of EV Solutions for EDF. Listen in to hear about how EDF is working with car companies and hardware providers to create advanced EV propositions for its customers. We also touch on veh…

Upside Energy leads feasibility study into the potential for offshore wind to provide frequency support services

Through an Innovate UK-funded feasibility study, Upside Energy will aim to establish the capability of wind turbines to support power system operation through provision of frequency support services, thus offering wind turbine owners a new revenue stream whilst lowering the cost of integrating the s…

Upside Energy acquired by Octopus Energy Group

Tech unicorn Octopus Energy Group today announces the acquisition of Upside Energy, a leading energy software company based in Manchester. The move establishes the base of UK energy pioneer Octopus’s new technology innovation centre, first announced during a visit by the Prime Minister and the Chanc…

Navigating the Energy System Transition – Episode 6

Episode 6 of our podcast ‘Navigating the Energy System Transition’ is here! In it this episode we speak to Mike Ryan who is the UK Commercial Director for Habitat Energy. Listen in for some really interesting insights on the challenges of running a power system with high renewables penetration and l…
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KrakenFlex Frequently Asked Questions

  • When was KrakenFlex founded?

    KrakenFlex was founded in 2014.

  • Who are KrakenFlex key executives?

    KrakenFlex's key executives are Devrim Celal, Matthew Wapples and Rebecca Mahoney.

  • How many employees does KrakenFlex have?

    KrakenFlex has 42 employees.

  • What is KrakenFlex revenue?

    Latest KrakenFlex annual revenue is £10.2 m.

  • What is KrakenFlex revenue per employee?

    Latest KrakenFlex revenue per employee is £241.7 k.

  • Who are KrakenFlex competitors?

    Competitors of KrakenFlex include Vidado, Minetell and LatticeWork.

  • Where is KrakenFlex headquarters?

    KrakenFlex headquarters is located at Phoenix House, 61 Spear St, Manchester.

  • Where are KrakenFlex offices?

    KrakenFlex has an office in Manchester.

  • How many offices does KrakenFlex have?

    KrakenFlex has 1 office.