Hello Greg, and thank you for taking the time our to participate in this interview. He says it took years to find the 10m he needed to launch Octopus. 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.. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. 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. [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. [18] The same month saw the launch of London Power, a partnership with the Mayor of London. [35] As a result of these acquisitions, Octopus now has retail, generation or technology licences in 13 countries across four continents. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. Octopus Energy is currently value at $2 billion, how did this evaluation come about? .more. Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero. Are people working at your company happy? London Tuesday 8th November - This evening, the founder and CEO of Octopus Energy, Greg Jackson, joined consumer champion Martin Lewis on his flagship TV show on ITV. 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. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Greg is also a strong advocate of maintaining a good work-life balance with his work-life blend, which to him means creating a symbiotic, rather than a compartmentalised relationship between his various work commitments and personal life, so he can remain present in all of them. Nov 2, 2022. He writes on a range of topics including inflation, Brexit, the Bank of England, the world of work and the cost of living crisis. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Rebecca holds a Bachelor's degree from Nottingham University Business School. 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. It is the first time a CEO of a large energy retailer has come on The Martin Lewis Money Show to respond to questions from the British public live on air. [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. 8 Dislike Share Save. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. 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. Zoisa also runs Octopus Energy's renewable generation arm, which recently announced the acquisition of a 3GW portfolio of renewable energy assets across seven countries. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. Love building organisations around people, disrupting industries which underserve customers and society. Octopus are on a mission to bring cheaper, greener power to all. I literally dont get invited to them. 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. Everyone wants to talk about the transition fuel maybe a 20 per cent hydrogen mix in our gas supplies, that kind of thing Even if the hydrogen was zero-carbon which, by the way, the creation of hydrogen so far in the UK at scale is definitely not it would only reduce the carbon emissions of gas by 6-8 per cent because of the lower energy density, [and] it would put bills up dramatically, because hydrogen is a lot more expensive. Profit? There was a problem! By expanding to so many other countries and really capitalising on the technology we create, we are able to have an edge on the competition. James has been instrumental in the creation of Octopus Energys proprietary technology, digital-first offerings and its global expansion. The migration was hailed as being responsible for E.ON's financial recovery in the UK. I want them to know that their work is making a difference, everyday. 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. In 2009, Jackson released an instructional book about his fighting style called Jackson's MMA - The Stand Up Game. [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. [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. Were in a double crisis now: a cost crisis, and a carbon crisis. She loves supporting kind, high performing teams and individuals who want to positively change the world. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. Family In a relationship; has two children from previous partners. It was the companys third major investment round since launching to the market. Greg: I have a strong desire for my colleagues to be successful. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. The engineering part only takes a year.. She is Chief Marketing and Product Officer at Octopus Energy. Rachel started her career in utilities as a consultant where she worked on a number of international energy industry privatisation and restructuring projects. Tara has spent two years leading Octopus Energys 1,000 strong UK operations team through a pandemic, an energy crisis and a day that saw 2 million customers submit meter readings all simultaneously. Or the F-word., Original reporting and incisive analysis, direct from the Guardian every morning, Octopus Energys Greg Jackson: Climate change is no longer this vague thing, Greg Jackson: We want a similar effort [on renewables] to the vaccine rollout.. Octopus Energy for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. Our researched showed that Octopus Energy has grown its domestic customer based in UK, from just 198,000 customers in 2018 to over 1.5 million customers in 2020. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? He now runs Octopus, the green energy supplier founded in. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? We speak to Greg Jackson, CEO of Octopus Energy Group, the technology-to-investment energy platform, about the importance of government intervention in energy policy, the role of technology, and how a greener future could be nearer than we think. [66] The campaign artwork was exhibited at over 5,000 sites, making it the largest ever digital out-of-home (DOOH) art exhibition. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. He now runs Octopus, the green energy supplier founded in 2015 and valued at 4bn, with more than 3 million customers in 14 countries and backers including former US vice-president Al Gore. KrakenFlexs cloud-based technology platform controls distributed energy assets such as large-scale batteries, EVs, or heat pumps with machine learning and AI to match electricity supply and demand, helping the electricity grid deal with the natural volatility of renewable generation. Besides industry-standard fixed and variable tariffs, the company is known for innovative tariffs which are made possible by the national rollout of smart meters. Jackson, 50, grew up near Middlesbrough. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. After graduating I joined Procter & Gamble and went through management training, owned and turned around a number of small ventures, and I even managed a factory that made and sold Mirrors at one point. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Could Octopus become another Bulb? [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. 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. Origin invested a further $50m at the same time, to maintain its 20% stake. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. [4] Greg Jackson is the founder of the company and holds the position of chief executive. We are doing the same thing in clean, green energy. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. Aside from that, every experience has helped in some way or another, and been a vital lesson to learn to get me where I am today. Octopus and Tokyo Gas agreed to launch the Octopus brand in Japan via a 30:70 joint venture to provide electricity from renewable sources, amongst other services. The boss has now stated that it has "never . 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.. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. [citation needed]. Do you have any influences that have inspired your entrepreneurial journey and how? More recently in my work history Ive specialised in creating technology & ecommerce platforms, something me and Octopus Energy CTO James Eddison did together for clients such as Greene King and SAP. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. Whos Here Launched in 2016, the companys mission is to bring cheaper, greener power to all. 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. A weekly newsletter helping you fit together the pieces of the global economic slowdown. We then realised the change within the energy industry we could enable with a strong technology platform underpinning us, and thats how Octopus Energy came about. Greg: Passionate young people who believe in our mission. Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. 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. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. In September 2021, Octopus Energy Group was valued at approximately $5 billion following a $600 million investment from Generation Investment Management and a $300 million investment from Canada Pensions Plan Investments Board. [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. Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus Energy. reg Jackson starts each day by flicking on the radio and scrunching into his bath. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. We need to work like that now on the clean energy system., [See also: The power trap: Why the energy crisis is a crisis of politics], This article appears in the 13 Oct 2021 issue of the New Statesman, Perfect Storm. 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. [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. Octopus is his magnum opus, taking on the tired, old energy market . As for the future, Octopus is looking to go global, kicking off by launching in Australia this October in partnership with Hanwha Group, a leading solar panel manufacturer, expanding the move to greener energy. Last holiday Cotswold Water Park, with family and friends. 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. 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. Deepak has been involved as a partner to Octopus Energy Group since 2018. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. Quick and essential guide to domestic and global politics from the New Statesman's politics team. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. He won the Coach of the Year award in 2009, 2010 and 2011. 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. [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. My mum is very, very politically opinionated and I have that., Jackson wont be drawn on how long the energy crisis will last: Its a fool that predicts commodity markets. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. 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. Clem led Octopus Energys campaign for an energy price cap and has worked closely with government to help drive policy for the decarbonisation of heat and support the transition to a more renewable grid. John moved from managing Affect Energy to running Octopus' engineering fleet and developing the UK's first Heat Pump Research & Development Centre, along with the proposition to train over 1,000 heat pump engineers a year and produce 1,000 heat pumps a month through the new Octopus Energy factory in Northern Ireland. 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 . The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Hes founded a number of successful businesses, including e-commerce company C360, and is an angel investor in a wide range of tech start-ups. Her work focused on making essential services sustainable, high quality and affordable. Spaces are limited for this very special event so make sure you dont miss out by signing up here. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. [12][13], In both 2018 and 2019, Octopus was the only energy supplier to earn "Recommended Provider" status from the Which? There is growing evidence that diverse workforces are more productive than non-diverse workforces. [42], As part of their partnership agreed in August 2019, Midcounties Co-operative and Octopus established a joint venture to develop the UK's community energy market and encourage small-scale electricity generation. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier in the UK.[2]. Sign up to receive information regarding NS events, subscription offers & product updates. Please talk us through your entrepreneurial journey from when you graduated Cambridge University in 1994 to when you cofounded Octopus Energy in 2015? She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Specialties: Technology. 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 . 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. [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. 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. [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. 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. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. Greg Jackson was grilled by viewers on profits, prices and electric blankets . 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. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. What would you say are the most important traits business leaders should possess to be successful? How we work 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). 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. You can meet Greg Jackson and hear more about where he got where he is today at My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. Coaches Honored with Jackson/Winkeljohn Dat, How a powerhouse MMA gym rose out of necessity and is helping others, Ranking the 10 Best Camps in MMA Right Now, Rankings Spotlight: MMAs Top 5 Fight Gyms, "War And Peace In Jackson's Gym - SI.com - Magazine", "Fighters Only World Mixed Martial Arts Awards 2010 - 2009 Winners", "Bellator's 'Fight Master' reality series set for summer debut on Spike TV", Jacksons Wink MMA Academy - Official Website, https://en.wikipedia.org/w/index.php?title=Greg_Jackson_(MMA_trainer)&oldid=1055483227, Sportspeople from Albuquerque, New Mexico, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 November 2021, at 03:38. [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. It could cost taxpayers 2bn. By 2030, Octopus aims to supply around 2.5 million households with green electricity through Fan Club schemes. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. Greg is the founder and CEO of Octopus Energy Group, the green energy tech pioneer based in the UK with over 3.1 million customers, further operations in 13 countries and over 23 million accounts licensed worldwide to its green technology platform, Kraken. We want a similar effort to the vaccine rollout, says Jackson, sweeping bags of Frazzles aside. 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 Extr Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. Internally its called Winder (wind-Tinder, geddit?). 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. The Kent areas where house prices rose the most in 2022. [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. Rebecca came to Octopus Energy following an eight-year career at UK energy company British Gas. [12], Besides the Octopus Energy brand, as of September2021[update] customers are supplied under the Ebico Energy, Affect Energy, Co-op Energy, M&S Energy and London Power brands. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? [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. Deepak is a successful entrepreneur himself, taking the tech business he founded from concept to IPO. We need to learn from the pandemic, Jackson says. Epitomising the agile leadership that is synonymous with disruptive businesses, Zoisa leads both the generation the business retail arm of Octopus Energy. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. [73], Octopus was one of a number of brands who considered pulling their advertising from the channel, with others including IKEA, Vodafone, Nivea, Kopparberg, Grolsch, the Open University, OVO Energy and LV=. 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. 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. [27], In November 2021, Octopus announced in Manchester that it had signed a deal with the city region as part of a bid to become carbon neutral by 2038. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. 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. Octopus online presence consistently scores highly with consumer watchdogs and thanks to Rebecca, our customer-centric marketing has helped us achieve exceptional customer growth and the Which? 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 Ltd is a company registered in England and Wales. 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