Bloomberg Talks Amir Orad, CEO of Kraken Technologies Talks Clean Energy
Sep 19, 2025
Amir Orad, CEO of Kraken Technologies, leads a software platform transforming utilities' approach to clean energy. In this discussion, he unveils Kraken's role in modernizing grid operations, enabling better demand management and significant cost savings for consumers. He also outlines the company's upcoming spin-off from Octopus Energy, emphasizing its potential for global growth and competition in the clean energy sector. Orad argues for the advantages of specialized platforms over traditional vendors, highlighting Kraken's mission to support a greener future.
AI Snips
Chapters
Transcript
Episode notes
Modernizing The Grid Is Nonnegotiable
- Utilities must modernize billing, communication, and pricing as home electrification and smart devices grow.
- Kraken provides a unified platform to help utilities update their entire infrastructure cost-effectively.
Smoothing Demand Cuts System Costs
- Kraken smooths demand spikes by shifting EV charging and HVAC timing to reduce peak loads on the grid.
- Dynamic pricing and demand shifting lower system costs while keeping customer service levels intact.
Electrification Revived Demand Growth
- Electricity demand resumed growth after years of flat demand due to EVs and electrification of heat and transport.
- That growth makes grid upgrades and smarter software orchestration imperative.