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KrakenFlex
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Developer of a cloud service that aggregates energy stored in existing devices and uses it to sell balancing services to Grid Operators

Founded in 2014
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Company type Acquired Public ()
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Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom Northwich, United Kingdom
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Parent Companies Octopus Energy

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Updated by Jonathan Koch at on 07/28/2017

Edited by Cleantech Group on 10/30/2022

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02/23/2022
Hydro REIN Hydro REIN
KrakenFlex and Hydro REIN will partner on several projects across Europe and North America, the first of them being a pilot in April 2022 where KrakenFlex will optimize the output of Hydro REIN's 500 kW Tesla battery.
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Confirmed by Hydro REIN
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Date Investors Type Amount
12/22/2017 Legal & General Capital Legal & General Capital , Systemiq Capital Systemiq Capital (2)
Post-money valuation of
The next stage of development is for the platform to be commercialised and then scaled up, with the fundraising contributing towards that process as well as expanding Upside’s team.
 Series A $7,353,775
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