Global energy tech giant Kraken has acquired Energetiq, an Australian firm specializing in energy billing reconciliation software, to integrate its industry-leading capabilities into Kraken's platform. This acquisition aims to provide greater efficiency and lower costs for Kraken's clients and their customers worldwide.

The strategic move expands Kraken's offering by adding crucial network billing capabilities, leveraging Energetiq's deep industry experience, and allowing Energetiq to reach Kraken's extensive global customer base. This strengthens Kraken's position as a leading operating system for utilities and supports the transition to a decentralized energy system.