Were nothing like Bulb.. He refers to Octopus as an en-tech business rather than an energy company, and uses an unusual management structure, dividing its 1,600 employees into highly independent teams, obviating the need for a formal HR department. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. Recommended Provider accolade five years in a row. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. She loves supporting kind, high performing teams and individuals who want to positively change the world. This long-term mission is not only to supply renewable energy all of Octopuss tariffs are advertised as 100 per cent green, and power either comes directly from renewable sources or is certified as renewable using the Rego certificates that Ofgem uses to match power sourced from the open market to renewable supply but to disrupt the UKs dysfunctional energy market. There is growing evidence that diverse workforces are more productive than non-diverse workforces. Greg: If I could change anything I would have trusted myself more, as I could have started Octopus Energy five years earlier than I did! 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. Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. [53], In January 2022, it was announced that Octopus Renewables had bought the Broons/Biterne-Sud wind farm in Cotes dArmor, northeast Brittany, France from Energiequelle for an undisclosed price. 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. Tellingly, before the age of 30, he had owned and/or managed a number of small businesses employing 4-60 people and turning over 400k to 4m. "The cost of generating a green electron is already today dramatically cheaper than generating a fossil fuel electron" In the latest Inside Octopus, flex-perts Alex and Devrim discuss the path to a cheaper, smarter energy model through flexibility. The investment increased the company's valuation to $4.6bn, with the cash injection to be used by Octopus to increase its investment in new technologies for cheaper and faster decarbonisation. [65], In 2019 Octopus launched a 'Portraits from the Precipice' campaign, which sought to raise awareness of climate change and encouraged customers to switch to greener energy deals. Jon has worked for the last 18 years building a number of successful energy challengers, service innovators and disruptors across both Australia and the UK. [68][69], In November 2021 Octopus financed 'Grace of the Sun', a large-scale art piece by Robert Montgomery made using the Little Sun solar lamps designed by Olafur Eliasson and Frederik Ottesen. [47][48], In October 2020, Octopus partnered with Tesla Energy to power the Tesla Energy Plan, which is designed to power a home with 100% clean energy either from solar panels or Octopus. With operations in the US, Japan, Germany, Spain, Italy, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global. We are doing the same thing in clean, green energy. Greg Jackson and his gyms have won five World MMA Awards altogether. The boss has now stated that it has "never . With that he dashes off to do the school run, ready to pass on his opinions to the next generation. Octopus Energy Ltd is a company registered in England and Wales. Launched in 2016, the companys mission is to bring cheaper, greener power to all. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. Greg is a serial tech entrepreneur and expert on all things business, having founded, sold and invested in a number of successful e-commerce businesses over the years. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? She is Chief Marketing and Product Officer at Octopus Energy. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. Greg: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. 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. You can tell if someone grew up in a cold house: we often prefer baths when you get out of the shower you get a real shock, he says. You cant centrally plan a system thats got 20 million electric cars, two million houses with solar panels, a million houses with batteries, and 5,000 large-scale wind and solar farms.. has recommended 5 years in a row. I dont just want them to come in and do things for the company. These are things we should do everything to avoid., He believes the energy crisis has underscored the need for Britain to move away from oil and gas. [31], In November 2021, EDF Energy agreed a deal with Octopus Energy Group to move its five million customers onto its Kraken platform. We have an aim to reach over 100 million customers by 2027, whether thats via other companies licensing Kraken or customers joining Octopus Energy, so we never say never for any country or continent, even if we dont have any plans to at the moment. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? Since our interview, Octopus has rejoined the race, submitting a last-minute bid. [37], In January 2022 Octopus Energy entered the French market with the acquisition of Plm nergie, a French energy start-up with 100,000 retail and corporate accounts. [7] The same year, Octopus replaced SSE as the energy supplier for M&S Energy, a brand of Marks & Spencer,[8] and bought Affect Energy, which had 22,000 customers. Jackson said the size of the supplier with 1.5 million customers meant there was no viable route for the business to be taken on by a competitor before its collapse. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. Greg: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. 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 In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. took on 600,000 customers from bust Avro Energy, a small noisy group, including Nigel Farage, attacking net zero goals. Octopus Energy recent commitments: 10,000,000 to build a decarb of heat R&D centre 5,000,000 to establish the Centre for Net Zero 108,000 to its BLM fund 1,000 ad on a right wing . What would you say is the most important trait of a successful entrepreneurs? He says it took years to find the 10m he needed to launch Octopus. Our Founder, Hubert Nomamiukor organised a Q&A session with Greg Jackson, the CEO of Octopus Energy, to capture his entrepreneurial journey, influences and perspectives. Its demoralising that we cant keep bills lower in the short term when we need it most, but we have done a tremendous amount up to now.. As a company we are completely digital, so we asked everybody to take their laptops home on Friday, and when lockdown was announced on Monday, our team just plugged the headsets into their laptops and continued working as usual. Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. He began his working life as a video games programmer and always fancied a stint as a motorcycle courier (electric, of course).. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. [citation needed]. His morning routine echoes the tycoons underprivileged childhood. [60], In March 2020 it was announced that E.ON and its Npower subsidiary had licensed the technology to manage their combined 10 million customers. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. As someone whose LinkedIn profile professes a love of disrupting industries that underserve customers and society, its no surprise Greg is passionate about enhancing the customer experience. [49], In January 2021, Octopus acquired two 73 metre (240') wind turbines to power their 'Fan Club' tariff, which offers households living near its turbines cheaper electricity prices when the wind is blowing strongly. His school officially turned into an MMA school in 2000. 464 views May 4, 2022 Greg Jackson is the founder and chief executive of Octopus Energy, one of the UK's fastest-growing energy companies. Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . Spaces are limited for this very special event so make sure you dont miss out by signing up here. 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. Energetic and emotionally intelligent, Tara has almost 20 years of experience in developing breakthrough customer strategies and bringing out the best, most caring sides of individuals and teams doing the most vital of jobs, customer operations. We need to work like that now on the clean energy system., Jackson accuses the management of the UK energy grid as being stuck in the past, describing the National Grid as a monopoly and its control room as like a minicab office. 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? Rebecca is a highly experienced marketer and known for breathing new life into technology products. Are people working at your company happy? [18] The same month saw the launch of London Power, a partnership with the Mayor of London. To mark International Men's Day today we are giving a shoutout to the leading men in energy supporting the work of POWERful Women and driving better balance . He also served as Director of several innovative businesses, including Zopa, the worlds first peer-to-peer lender, which has now lent almost 2bn fairly and responsibly. [5], By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. Octopus is his magnum opus, taking on the tired, old energy market . I want them to know that their work is making a difference, everyday. We need to learn from the pandemic, Jackson says. Having been in the industry for over 20 years, he has founded a number of businesses that he took to sale, including Affect Energy, which became part of the Octopus Energy Group in 2018. Octopus Energy Group operates a wide range of business divisions, including Octopus Energy Retail, Octopus Energy for Business, Octopus Energy Services, Octopus Electric Vehicles, Octopus Energy Generation, Octopus Hydrogen, Kraken, Kraken Flex and the not-for-profit Centre for Net Zero. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. [7] In 2007, Jackson teamed up with striking coach Mike Winkeljohn, which was a seminal moment for Jackson's academy; since then, the gym has been known as Jackson Wink MMA Academy (JW MMA Academy),[8] representing the partnership between Jackson and Winkeljohn. How would you define a successful business leader? Samuel Leroy Jackson (Washington D. C., 21 de diciembre de 1948), conocido como Samuel L. Jackson, es un actor y productor de cine, televisin y teatro estadounidense.Ha sido candidato al Premio scar, a los Globos de Oro y al Premio del Sindicato de Actores, as como ganador de un BAFTA al mejor actor de reparto y en 2022 se le entreg un scar honorfico a su trayectoria profesional. [26], In September 2021, Octopus was appointed as the Supplier of Last Resort (SOLR) for Avro Energy, acquiring Avro Energy's domestic customers and increasing their customer base to 3.1m customers. [61] In May 2021 it was announced that E.ON had completed the migration of all two million former npower customers to its Kraken-powered E.ON Next customer service platform. Octopus energy is the UK's fourth largest energy provider, which boss Greg Jackson says he started because people were "paying too much" on their bills. [15] In January 2021, Octopus was ranked second and was one of two recommended providers, becoming the only energy provider in the UK to have been named as a recommended provider four years running. Weve raised 16 times more investment than Bulb did. 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. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Greg's vision of using technology to disrupt the energy market has enabled Octopus Energy to create tariffs which unlock the power of the green grid - offering cheaper electricity when the sun is shining and the wind is blowing. 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. Im just gobsmacked anyones opposing this., Does being a flag-bearer for green energy get him in hot water at dinner parties? What defines a successful entrepreneur? Growth? Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. Launched in 2016, the company's mission is to bring cheaper, greener power to all. Prior to Affect Energy, where John built up a strong reputation for good, local customer service in Sussex, he was Managing Director of Thermabead Ltd in Worcester. consumer organisation. It was the companys third major investment round since launching to the market. His morning routine echoes the tycoons underprivileged childhood. [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. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. 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. They will be global.. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. In your view what does it mean to be an entrepreneur and are all entrepreneurs businessmen or women? About Greg Jackson: Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. What advice do you have for other businesses on environmental sustainability and its impact on climate change? Until recently, he was also a non-executive Director for Zopa, the global pioneer of online peer to peer lending that is now Moneysupernarkets largest non-high street lender and is growing rapidly. She has done this all while maintaining some of the very best customer service ratings in the industry. In 2009, Jackson released an instructional book about his fighting style called Jackson's MMA - The Stand Up Game. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. The Kent areas where house prices rose the most in 2022. Octopus Energy is also a leading investor in solar and wind energy, managing a 3.4bn portfolio of renewable energy assets across Europe. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? It is truly bonkers, he says, that the UK persists with a system in which central planners decide what cables are going to go where you can centrally plan a system thats got 100 power stations. 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. Devrim is the CEO of KrakenFlex, formerly Upside Energy, which joined the Octopus Energy Group in 2020 to add another layer of capabilities to Octopus's energy technology platform, 'Kraken'. .more. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. [1] Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Rachel holds a Bachelors degree in Economics from the University of Sussex, as well as a Masters in Economic and Politics from the University of Cambridge. Were in a double crisis now: a cost crisis, and a carbon crisis. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. She spent some time consulting for a FTSE 100 energy company, followed by a secondment to the Department for the Energy & Climate Change (DECC), and then launching market-leading connected home products - starting at British start-up Alert Me, who became part of the leading smart home provider Hive, a British Gas innovation. 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. The migration was hailed as being responsible for E.ON's financial recovery in the UK. Octopus Energy is currently value at $2 billion, how did this evaluation come about? The only energy supplier Which? Jacksons career has been far from typical for the energy business. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. Last month Octopus pledged 50m to cut customer bills until Octobers price cap rise, part of a longer-term package worth 150m. Greg Jackson is the founder and CEO of Octopus Energy Group, the energy technology group with 3.5 million customers globally, operations in 14 countries and a 4.4bn portfolio of renewable energy assets. Octopus are on a mission to bring cheaper, greener power to all. Family In a relationship; has two children from previous partners. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. Rebecca came to Octopus Energy following an eight-year career at UK energy company British Gas. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . Last holiday Cotswold Water Park, with family and friends. Our CEO Greg explains why standing charges are higher on new energy tariffs, and why electricity standing charges have gone up more than gas ones. Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! Octopuss youthful workforce is poring over energy consumption charts and enthusing about that bespoke tech, called Kraken, which will now be licensed to other utility companies. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. that helped retail financial services businesses re-invent product offers online. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. Jon is currently the Global Director of Operations for Octopus Energy Group and Kraken Technologies and a board member for a number of group companies in Europe and Asia Pacific regions.He has played a pivotal role in building and leading some of the most awarded and customer obsessed teams in the UK and abroad. Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show. [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. [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. [62][63] The Kraken software was also licensed to Australia's Origin Energy as part of their May 2020 agreement. What we have to do now is a million times more complicated., The result of this simplified central planning could be seen the previous week, when electricity prices were colossally high, we were having to use lots of back-up supplies [and] we were literally paying wind generators in Scotland to turn off, because there werent enough cables connecting Scotland, where the electricity was being generated, to England, where we needed it., The solution, he says, is for the energy grid to become more like the internet. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. Support 100 years of independent journalism. [70][71], In June 2021, Octopus suspended their advertising from the newly launched GB News television channel after the channel's first day of broadcasting, with CEO Greg Jackson stating "we are asking networks not to air our ads on new channels until we've seen their output for a period of time". [74], "Octopus Energy sees 160% jump in revenue but still records loss due to 'relentless investment', "Blame game begins after the failure of Bulb Energy", "Al Gore's firm buys 483m stake in Octopus Energy Group", "Octopus Energy to take on 100,000 Iresa customers", "M&S cuts ties with Big Six as it partners with Octopus for new energy brand", "Hanwha Reveals Plans of Launching "Next Generation" 100% Renewable Energy Retailer in Australia", "Hanwha Group chooses Octopus Energy technology platform for Aussie launch", "Octopus Energy and Co-op Energy confirm major 'strategic energy partnership', "About our partnership with Co-op Energy, including Flow Energy and GB Energy", "Energy Companies: Which? Managing a 3.4bn portfolio of renewable energy assets across Europe Park, with family and friends content ensure..., passionate about making the green energy a $ 600m investment in Octopus 100. 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