Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. Now his mission is to turn Britain on to renewables, despite the efforts of a small noisy group, including Nigel Farage, attacking net zero goals. [72], Responding to Octopus Energy's decision on Twitter, Andrew Neil, founder of GB News, said "Let me know if you want to advertise. Britains failure to invest in renewables led us into the gas crisis, says Jackson, and a revolution in energy supply and policy is urgently needed. [55], Octopus Renewables is contracted as the investment manager for Octopus Renewables Infrastructure Trust, an investment trust established in 2019 which owns wind and solar generation in the UK, Europe and Australia. Fiona studied Engineering, Economics and Management at Oxford, and initially worked at BMW on a hydrogen fuel cell for an auxiliary power unit, as part of a hydrogen car that used a combustion engine. This platform was created 50/50 by our tech team and our customer service team, and is worked on and tweaked constantly to create the best process for the team who are looking after customers. He began his working life as a video games programmer and always fancied a stint as a motorcycle courier (electric, of course).. [3][4][5][6] Jackson has trained many successful fighters, including former UFC Light Heavyweight Champion Jon Jones, former UFC Welterweight Champion Georges St-Pierre, former UFC Women's Bantamweight Champion Holly Holm, former Light Heavyweight Champion Rashad Evans, and a roster of other UFC contenders and World Extreme Cagefighting champions. Rebecca is a highly experienced marketer and known for breathing new life into technology products. They will be global.. About Our team is made up of climate enthusiasts who know that switching people to green energy and growing that customer base around the world is the number one thing we can do to turn the tide on climate change. Greg: When I meet all of our new starters - which I always make sure to do during introductory training - the ones that stand out to me are the ones that ask themselves what they can do for the company, rather than what the company can do for them, they look at their own skills and wants, see what they can bring to the table and do their best. Prior to joining Octopus Energy as Director of Operations, Tara spent three years at Tesla helping scale their service organisation in the UK & Benelux and as Country Manager for the UK. [21], The same month saw Octopus launch the not-for-profit Octopus Centre for Net Zero (OCNZ), a research organisation tasked with creating models and policy recommendations for potential paths to a green energy future. I speak to tech founder and CEO of Octopus Energy Greg Jackson about how he used tech as the platform to disrupt one of the industries most resistant to, and in need of disrup Show Leaders in Cleantech, Ep Greg Jackson, Octopus - 75 - Apr 8, 2021 What is the secret behind the growth and success of Octopus Energy? He has never taken a bonus, and owns a 6% stake, worth about 240m. What advice do you have for aspiring entrepreneurs? Greg is an experienced digital entrepreneur, passionate about using technology to make positive change. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Greg: While we cant change who our founders are, our leadership team is made up of 50% women, with BAME, LGBT+ and working class representation throughout. Could Octopus become another Bulb? This interview was originally published on our sister platform, ChangeinAfrica Magazine, the content is wholly owned by Innoglo Ltd. Mon - Fri: Respond with 24 hrs It was at that point she founded Octopus Electric Vehicles, and since then has been building a team of experts passionate about helping consumers and businesses make that transition to electric vehicles. A lot of people have different views of what it means to be an entrepreneur and if this is different from being a businessman or woman. Recommended Providers", "Best and worst energy companies for 2021 revealed", "ENGIE UK announces the sale of its residential energy supply business to Octopus Energy", "Mayor of London and Octopus Energy's London Power goes live", "Ten fast-growing scaleups drove UK tech boom in 2020, Tech Nations' report shows", "Octopus Energy acquires Upside Energy as it moves to open Manchester tech hub", "CEO Secrets: 'My billion pound company has no HR department', "FT 1000: the fifth annual list of Europe's fastest-growing companies", "UK Customer Satisfaction Index (UKCSI) Institute of Customer Service", "Octopus Energy prepares for air-source heat pump revolution", "Octopus to take on failed Avro Energy's 580,000 stranded customers", "Energy firm to create 300 Manchester jobs through city region partnership", "UK government approves agreement between Bulb and Octopus Energy, providing certainty to 1.5 million customers", "Octopus Energy reaches into Germany with 15m capture of 4hundred", "Australia's Origin Energy to buy 20% stake in UK's Octopus Energy", "Octopus Energy gains unicorn status with 1bn valuation", "Octopus Energy launches into US market with startup acquisition", "Octopus Eyes Japan's Power Market with Tokyo Gas Joint Venture", "Octopus Energy expands into Italy with acquisition of SATO Luce e Gas", "Octopus Energy expands into Spain with Umeme acquisition", "Octopus Energy raises long-term investment to value startup at $5bn", "Stream of customers moving to energy supplier Octopus slows as gas price spikes", "Octopus offers transparency with wholesale price tariff", "Thousands were paid to use extra renewable electricity on windy weekend", "New energy tariff aims to slash charging cost for electric vehicle owners", "Octopus Energy integrates with Amazon Alexa for smart energy use", "Octopus Energy and Ebico join forces to make sustainable heating cheaper", "Octopus Investments increases solar portfolio financing", "FCA clears acquisition of Octopus Renewables by Octopus Energy", "Octopus Energy takes control of group renewables unit", "Tesla Energy Plan launched inviting homes to become part of Virtual Power Plant", "Octopus leans into wind power generation", "Octopus Energy launches 'world first' local time of use Fan Club tariff", "Octopus to Raise 4bn to Expand its 'Fan Club' Model for Local Renewables", "Octopus Energy Group signs deal with Elia Group for European smart green energy grid", "Octopus makes German wind investment as it plans future Fan Club tariff expansion", "Octopus to make offshore wind core investment focus", "Octopus rebrands roaming charge service to become 'Electric Universe', "Octopus Energy choses AWS as its preferred cloud provider for Kraken", "Good Energy turns to Octopus' Kraken for customer services platform", "E.ON allies with Octopus Energy to revamp UK retail business", "E.ON hails turnaround in UK retail business with 100m earnings jump", "Two million customers migrated to Kraken powered E.ON Next in 'record time', "EDF to move 5m customers to Octopus Energy Group digital platform", "How Kraken is waking up customer service for global partners", "We're working with Octopus Energy on a Climate Change Art Prize", "How Octopus Energy used art to get people to switch to green energy", "EI Awards 2020 recognise energy sector's 'indispensable contribution', "The Solar Powered Message of COP26 | Grace Of The Sun", "Ad slots were not planned by us. Nov 2, 2022. Jon played a key role in establishing leading Australian challengers Simply Energy (now part of Engie) and Alinta East Coast retail holding a number of senior roles across operations, customer experience and market development. Building on the award winning end-to-end entech platform, Kraken Utilities will create customer centricity and automated, scalable and efficient operations for other traditionally low-tech sectors, allowing innovation at pace. Greg: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. A business leader is someone who doesnt look to make quick money, but really wants to change their industry for the better, do something different and lead from the front, rather than worry about what their competitors are doing. We train our managers to take on many of the functions that are normally covered by HR departments. In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. Greg Jackson founded Octopus Energy in 2015 with a view to using technology to make the green energy revolution faster and cheaper for consumers. Our customer service metrics actually improved during the pandemic, and we were the only large domestic energy supplier in the UK still answering calls as usual. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. To be the first to hear about our events, get immediate access to new podcast episodes, and hear news picked just for you Join our community! Three Co-op brands were affected: Octopus acquired the customers of the GB Energy and Flow Energy brands, and began to operate the accounts of Co-op Energy customers on a white label basis, while Midcounties retained responsibility for acquiring new Co-op Energy customers. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. The companys flexibility platform KrakenFlex will be used together with Elia Groups energy data affiliate, re.alto, to enable electric vehicles, heat pumps and other green technologies to be used for grid balancing. .more. The current energy crisis emerged towards the end of the legal work and due diligence that is needed for such a deal to happen, and provided a dramatic test of the companys ability to handle a large, rapidly developing challenge: We had to demonstrate to the investors that taking on Avro wouldnt get in the way of the long-term mission.. We'll monitor any new channels (including this) before running ads and will only advertise if balanced and meets our policies", "As per my message, we didn't boycott - I wanted to see the channel and am true to my word", "GB News hails boycott victory - Full list of advertisers BACKING Andrew Neil's channel", "Octopus Energy's Greg Jackson: 'Climate change is no longer this vague thing', Timeline of the electricity supply industry, Department for Business, Energy and Industrial Strategy, Minister of State for Business, Energy and Clean Growth, Department for Environment, Food and Rural Affairs, Climate Change and Sustainable Energy Act 2006, Centre for Renewable Energy Systems Technology, Hadley Centre for Climate Prediction and Research, Association for the Conservation of Energy, Double Glazing & Conservatory Ombudsman Scheme, https://en.wikipedia.org/w/index.php?title=Octopus_Energy&oldid=1128995384, Electric power companies of the United Kingdom, Renewable resource companies established in 2015, Renewable energy companies of the United Kingdom, Articles with unsourced statements from October 2021, Articles containing potentially dated statements from September 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, Greg Jackson (CEO), Stuart Jackson (CFO), James Eddison (CTO), Zoisa North-Bond (CEO, Octopus Generation), Rebecca Dibb-Simkin (CMO), Peter Miller (Customer Experience) Fiona Howarth (CEO, Octopus Electric Vehicles), This page was last edited on 23 December 2022, at 02:23. Octopus is also unusual in that, as well as selling to consumers, it derives more than half its value from the technology it licenses to other businesses in the UK and around the world (a model reminiscent of Amazon). Jacksons career has been far from typical for the energy business. He writes on a range of topics including inflation, Brexit, the Bank of England, the world of work and the cost of living crisis. One business C360 that was subsequently acquired, was founded to pioneer a new way of using technology to drive marketing or as Greg puts it SaaS before it was trendy. Greg is also an investor in several tech start-ups and as an advisor, supports companies and entrepreneurs with fundraising, mergers, acquisitions and strategy. Octopus Energy has a multi faceted business model, generating value from different revenue streams. [1] [6] Later in 2018, Octopus gained the 100,000 customers of Iresa Limited, under Ofgem's "supplier of last resort" process, after Iresa ceased trading. [52], Also in November 2021, Octopus Energy Group signed a deal with Elia Group at COP26 to build a "smart" green grid across Belgium and Germany. Jackson, 50, grew up near Middlesbrough. [24], In July 2021 Octopus rose 12 places on the UK Customer Service Index to 17th, making it the only energy company in the Top 50. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. Greg: No country is off limits to Octopus Energy, we aim to bring cheaper, greener energy and world-class customer service to many people all over the world. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. [citation needed]. There is growing evidence that diverse workforces are more productive than non-diverse workforces. In regards to your global expansion plans, Octopus Energy is currently located in three continents, do you have any plans of expanding into Africa or acquiring any green energy businesses in Africa? In May 2020, her team launched the Electric Juice Charging Network, the UK's first consolidated network of charge point providers that allows users to charge their EVs across the UK with all costs appearing on a single bill. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. Prior to that Stuart spent 6 years with Barclays Bank, including a stint running a 5bn credit card business and 10 years as a strategy consultant. [50][51] In November 2021, Octopus Energy announced plans to raise 4 billion to fund the global expansion of its Fan Club model, which would be expanded to include solar farms. If you could do it all over again what would you do differently in your entrepreneurial journey? Were in a double crisis now: a cost crisis, and a carbon crisis. Jackson explains need for market reform to move to renewable energy sooner. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. 8 Dislike Share Save. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. Were nothing like Bulb.. Elon has the vision and reach to be able to disrupt so many industries for the better, and I believe we have similar approaches in disrupting industries to help save the planet. In 2019, Octopus stated that all its electricity came from renewable sources, and began to offer a "green" gas tariff with carbon offsetting. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. On 26 September, it was announced that Octopus would be taking on the 580,000 former customers of Avro Energy, which had ceased trading the previous week. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. Greg: Success is different for everybody, and you need to be honest with yourself about what would make your job a success, is it happiness? He says it took years to find the 10m he needed to launch Octopus. Recommended Provider accolade five years in a row. Europe is going to go into this winter with more gas storage than last year, but if Russia stops sending gas to Europe, prices will skyrocket.. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. Octopus Energy is one of the fastest growing energy firms to ever launch in Britain and is on track to join the Big Six utility providers. [36], In September 2021, Generation Investment Management, co-founded and chaired by Al Gore, purchased a 13% stake in Octopus Energy Group in a deal worth $600m. Octopus's approach is certainly not for everyone. He also has a wealth of experience in energy efficiency and looks after Octopus energy efficiency schemes alongside metering, solar, heat pumps and EV chargers. [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. [59] It was first licensed by UK rival Good Energy in late 2019, for an initial three-year term, to manage its 300,000 customers. Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! Update your browser for a better web experience, here and all over the internet. The project, which coincided with COP26, was realised in Glasgow through collaboration with the local art community, and was designed as a call for global leaders to invest in renewable energies such as solar PV, in order to power a sustainable future. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. It has enabled us to lower our costs to serve up to 75% compared to some of our competitors Thanks to Kraken, we are able to scale our customer service team quickly to take on new customers and keep them happy. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. You also cannot deny the sheer will and determination of Jeff Bezos, and how he has managed to create not only the worlds largest online shopping and delivery site, but also revolutionise cloud computing via AWS, something we have made huge use of with our business. [16][17], In January 2020, ENGIE UK announced that it was selling its residential energy supply business (comprising around 70,000 UK residential customers) to Octopus. [66] The campaign artwork was exhibited at over 5,000 sites, making it the largest ever digital out-of-home (DOOH) art exhibition. Plm was subsequently rebranded as Octopus Energy France. Please talk us through your operating business model, how it generates value and how this gives you a competitive edge in the retail energy market? Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. [22], In February 2021, CEO Greg Jackson said on a BBC News interview that Octopus does not operate a human resources department. HR in all companies will be looking for how they can improve value to businesses, and there are always conversations to be had about alternative models from which we can all learn. Weve established an incredibly flat structure here at Octopus, which allows people to make roles their own, and find what really works for them to make them happy to come to work every day. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents I literally dont get invited to them. Customers on the tariff get a 20% discount on the unit price when the turbines are spinning, and a 50% discount when the wind is above 8m/s (20 mph). On February 5, 2013, Jackson signed with Bellator to coach on the promotion's reality series titled Fight Master: Bellator MMA.[10]. Weve raised 16 times more investment than Bulb did. Saturday: 8am - 10pm Despite the current crisis of price and supply in the gas market, its described by BP as resilient and by Centrica as more affordable than other energy sources. It takes seven years to get a windfarm through the planning process and connected to the grid. We'll cover a range of topics, including asking Greg what 2023 holds for the tech and energy sector at this challenging time, and which technologies he thinks are going to make a difference to the sector in the future. On 26 September, it was announced that Octopus would be taking on the 580,000 former customers of Avro Energy, which had ceased trading the previous week. Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero. has recommended 5 years in a row. You cant just enter this market by shaking your piggy bank. He believes suppliers with more than 10,000 customers should be subject to hedging checks. Specialties: Technology. In 1992, after graduating from Rio Grande High School, Jackson founded his own martial art, Gaidojutsu, which combines rudimentary techniques from catch wrestling and Muay Thai with basic judo locks. Please refresh the page and try again. Support 100 years of independent journalism. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Profit? After his parents split, his mother worked as a barmaid and later studied while on benefits. Greg Jackson, CEO Greg Jackson Founder Octopus Energy agrees $600m deal with former-VP Al Gore backed sustainable investment fund We're over the moon to be able to announce our $600 million partnership with Generation Investment Management, a sustainable investment fund, co-chaired by former US Vice-President and climate champion Al Gore. 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