Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Kraken Technologies Limited Plans New York City Headquarters Operations

12/29/2025
Kraken Technologies Limited, an end-to-end customer system for energy utilization, plans to establish operations in New York, New York. The project is expected to create 111 jobs over the next five years.

The company will lease and build out approximately 10,000 square feet of office space at 99 Hudson Street for its second global headquarters which will serve as its North American hub.

“Opening our new office at 99 Hudson Street in New York will mark an important milestone in Kraken’s U.S. journey,” said Rajiv Shah, Kraken Vice President of Global Regulation and Markets. “Following the announcement of our partnership with National Grid earlier this year, establishing our global co-headquarters here underscores our confidence in the region’s innovation ecosystem and talent and reaffirms our commitment to a major expansion into the U.S. utilities market. We’re incredibly grateful to Empire State Development for its generous support through the Excelsior Jobs Program, which is helping us accelerate growth, create high-quality jobs, and advance our mission to build the AI-powered energy systems of the future.”

The project is being supported by $1.11 million in performance-based Excelsior Jobs Program tax credits.

"Kraken Technologies' decision to establish its North American headquarters in Lower Manhattan is a powerful example of New York City's ability to attract global companies seeking to scale,” noted Empire State Development President, CEO, and Commissioner Hope Knight. “This expansion will create more than 100 high-quality jobs and demonstrates that innovative, AI-driven companies recognize New York as the place to build, invest, and grow. ESD is proud to support Kraken's growth through the Excelsior Jobs Program as we continue strengthening the state's technology sector and economic competitiveness."

Kraken Technologies Limited provides a cloud-based, AI-powered operating system designed to digitalize and transform the energy, water, and telecommunications utility sectors. The company’s platform integrates advanced data analytics and machine learning to automate the utility supply chain, ranging from customer billing and service to the real-time management of renewable energy assets.

“We are thrilled that Kraken Technologies chose New York City’s Lower Manhattan neighborhood for its second global headquarters, a move that will create over a hundred jobs,” added New York City Economic Development Corporation President & CEO Andrew Kimball. “As the applied AI capital of the world, home to a robust green economy ecosystem, and top destination for young talent, New York City is the perfect place for Kraken Technologies to expand its North American presence. Our business development team will continue to support Kraken Technologies to build lasting partnerships as they establish roots here.”

Exclusive Research