Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. has recommended 5 years in a row. [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. There is growing evidence that diverse workforces are more productive than non-diverse workforces. 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. 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. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. Jackson reaffirmed that Octopus had not boycotted the channel. Support 100 years of independent journalism. Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. After his parents split, his mother worked as a barmaid and later studied while on benefits. Launched in 2016, the company's mission is to bring cheaper, greener power to all. 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. He spends around an hour each day dealing directly with customers to understand that experience better, along with discussing trade-offs such as pricing strategy and infrastructure. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. 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. Octopus took on 600,000 customers from bust Avro Energy last year, and Jackson accuses the administrators of arguing and quibbling over completely unimportant technical points. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. In November 2021, Octopus acquired Italian energy retailer SATO Luce e Gas, rebranding the business as Octopus Energy Italy, investing an initial 51m and targeting 5% of the Italian market by 2025. Gregory Jackson (born 1974) is an American mixed martial arts (MMA) trainer who co-owns Jackson Wink MMA Academy in Albuquerque, New Mexico,[1][2] widely considered one of the top MMA training centers in the world. He began his career at consumer goods giant Procter & Gamble before running businesses including a coffee shop and a mirror manufacturer. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. He believes his thrifty upbringing allows him to empathise with struggling customers. I dont just want them to come in and do things for the company. Hello Greg, and thank you for taking the time our to participate in this interview. [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. Greg Jackson on Twitter: "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 channel So, 15,108x more on progressive stuff More soon, but hope perspective helps." / Twitter. A weekly newsletter helping you fit together the pieces of the global economic slowdown. The Kent areas where house prices rose the most in 2022. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. [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. The only energy supplier Which? [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. Mohamed Abubakar, his wife Rasha Al-Buriahi and their four children all sleep and eat in the same room. I want them to feel happy and fulfilled by the work they do. A relaxed evening talking with Greg Jackson, the founder and Phil Steele Future Technology Evangelist of Octopus Energy.You can email the Octopus team as ref. The UKs biggest energy companies might shrug off such strident criticism from a campaigner, but Octopus has rapidly ascended to challenge what Jackson, 50, calls the lazy oligopoly of the big six. 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. [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. Quick and essential guide to domestic and global politics from the New Statesman's politics team. [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. Jackson explains need for market reform to move to renewable energy sooner. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. [23], In March 2021 the Financial Times listed Octopus at number 23 on their list of the fastest growing companies in Europe. [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. [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. What is the number one trait you look for in employees before recruiting them as part your team, and how has this requirement been integrated into the organisations culture and recruitment policy? 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. I literally dont get invited to them. [3] Trading began in December 2015. [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? One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. 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. Registered office: UK House, 5th floor, 164-182 Oxford Street, London, W1D 1NN. [38], As of August 2021, the company has over 2.4 million domestic and business customers. In 2006, he sold a customer relationship tech business for 4.5m. 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 middle management team in operations - which makes up most of our team - fares even better, being made up of 80% women and most of them have been with us from the first 50 employees we hired, showing that people are happy here and like to stay. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. 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. Theyve secured excellent leasing rates on leading EVs, designed a great EV salary sacrifice scheme to help businesses increase the uptake of EVs, created energy tariffs designed specifically for EV drivers, and have partnered with smart charging tech companies to enable customers to access cheap and green energy rates with ease. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. I learned a big chunk of what I know from a brilliant HR Director, Dennis Shuler at Procter & Gamble, who was a massive advocate of decentralisation and people centred management. He began developing software (in the form of video games) at 16, then studied economics at Cambridge before running a mirror factory, then founding a number of technology-led businesses. 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. Launched in 2016, the companys mission is to bring cheaper, greener power to all. 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! Deepak holds an MBA in Marketing, Strategy and Information Systems from the Indian Institute of Management and a B Tech in Chemical Engineering from the Indian Institute of Technology. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. In 2009, Jackson released an instructional book about his fighting style called Jackson's MMA - The Stand Up Game. Greg: The desire for their colleagues to be happy and successful. .more. Upstream reported that Jackson joined Greenpeace at the age of 16, and his expertise was in mirror manufacturing, coffee shops and software before launching Octopus Energy in 2015. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. We have a technology licensing business with big customers like E.ON and EDF, and weve invested in generation and a heat pump centre. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. We train our managers to take on many of the functions that are normally covered by HR departments. 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. [56][57], The Electric Universe service, which aims to simplify public charging of electric vehicles, was launched in 2020 as Electric Juice and rebranded in 2022. Octopus Energy for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. [1] 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.. Her work focused on making essential services sustainable, high quality and affordable. 8 Dislike Share Save. There are companies whose entire asset base [is] in gas, he continues, and they will relentlessly try to tell us gas is the solution, or hydrogen is the solution. About Greg Jackson: Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Before joining Octopus, Rachel served as the Chief Executive of Ofwat, the UK's water regulator, and as a Senior Partner and Board member of Ofgem, the UK energy regulator. 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. 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 . [citation needed]. Epitomising the agile leadership that is synonymous with disruptive businesses, Zoisa leads both the generation the business retail arm of Octopus Energy. [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=. The mop-topped energy boss, dressed in grey T-shirt and jeans, has become the acceptable face of a pariah industry. 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! Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Please talk us through your entrepreneurial journey from when you graduated Cambridge University in 1994 to when you cofounded Octopus Energy in 2015? 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. 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. 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. Registered number: 09263424. His morning routine echoes the tycoons underprivileged childhood. [54] In June of that year, the group's fund management team bought the rights to develop the 35MW Gaishecke wind farm near Frankfurt, Germany. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. Greg: I have a strong desire for my colleagues to be successful. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents Octopus Energy has a multi faceted business model, generating value from different revenue streams. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. 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. 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'. There, Rebecca was Head of Marketing for Dyno Rod, and Head of Product for Hive 2 Thermostats, one of the most sought-after energy products of its time. 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. Saturday: 8am - 10pm Gregory Jackson is an American mixed martial arts trainer who co-owns Jackson Wink MMA Academy in Albuquerque, New Mexico, widely considered one of the top MMA training centers in the world. Fellow green energy group Bulb went bust last November and remains in special administration. 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. Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. Growth? The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. Cheap energy bills arent coming back this decade, Christopher Harborne: the silent donor behind Brexit and Boris Johnson, Sherif Tawfik: The Middle East and Africa are ready to lead on the climate, The power trap: Why the energy crisis is a crisis of politics, Elon Musk was never really the worlds richest man, Why Jeremy Hunt is gambling with thousands of small businesses, The year woke broke: a brief history of a contested word, Why Britains economy has never been worse, with Duncan Weldon, The good social network: what Twitter could learn from the coffeehouse Audio Long Reads, Facility / Grounds Management and Maintenance, HR, Training and Organisational Development, Information and Communications Technology, Information Services, Statistics, Records, Archives, Infrastructure Management - Transport, Utilities, Science and Technical Research and Development. Greg: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. Its technology platform Kraken also achieves dramatically lower cost to serve than rivals, so cheaper, green power is delivered hand in hand with unbeaten customer satisfaction levels. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! Could Octopus become another Bulb? Greg: Passionate young people who believe in our mission. He says it took years to find the 10m he needed to launch Octopus. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). In 72 hours, the six-year-old company had swelled to accommodate more customers than Scottish Power (to 3.1 million in total) and a higher valuation (approaching $5bn) than Centrica, the owner of British Gas. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. Greg Jackson was grilled by viewers on profits, prices and electric blankets . He now runs Octopus, the green energy supplier founded in. consumer organisation. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. [62][63] The Kraken software was also licensed to Australia's Origin Energy as part of their May 2020 agreement. In your view what does it mean to be an entrepreneur and are all entrepreneurs businessmen or women? Recommended Provider accolade five years in a row. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. 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. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? What advice do you have for other businesses on environmental sustainability and its impact on climate change? 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. 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. 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. If the problem persists, please contact support. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. We need to learn from the pandemic, Jackson says. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. We also create industry leading technology that allows relentless efficiency and world class customer service, enabling us to retain our customers and keep them happy. [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. John is a highly experienced energy entrepreneur. Before Bulbs collapse, Octopus flirted with taking over its rival. We are doing the same thing in clean, green energy. 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. Greg: Weve been rapidly growing and in December closed our second financing round with Tokyo Gas and Origin Energy in 2020, which increased our valuation to more than $2 billion. Im just gobsmacked anyones opposing this., Does being a flag-bearer for green energy get him in hot water at dinner parties? And I'll let you know if we want your ads. These include: In March 2019, Octopus announced it had partnered with Amazon's Alexa virtual assistant, to optimise home energy use through the Agile Octopus time-of-use tariff. Energy companies around the world still maintain that natural gas (perhaps cleaned up with a puff of hydrogen) is the transition fuel that will take us to net zero. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. I also have had non-executive and chairman roles at peer-to-peer lender Zopa and Consultant Connect. By 2030, Octopus aims to supply around 2.5 million households with green electricity through Fan Club schemes. [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. 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). Hey I'm Constantine, welcome to Octopus Energy! Jackson declined to comment on it. 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. 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. Stuart Jackson is the Co-Founder and Chief Financial Officer of Octopus Energy. Rebecca holds a Bachelor's degree from Nottingham University Business School. Are you happy doing what youre doing? 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. In this episode Greg shares not only what it means to be a successful leader and team player, but how to live a more authentic life altogether. 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.. [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. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. Please refresh the page and try again. [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. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. [4] Greg Jackson is the founder of the company and holds the position of chief executive. Do you have any influences that have inspired your entrepreneurial journey and how? 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. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. Rebecca is a highly experienced marketer and known for breathing new life into technology products. Octopus began talking to Gores team two years ago. [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". She has done this all while maintaining some of the very best customer service ratings in the industry. It was the companys third major investment round since launching to the market. 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.. 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. Were in a double crisis now: a cost crisis, and a carbon crisis. 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. 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. Before Octopus he ran a business with Octopus' founder and CEO Greg Jackson (no relation, honestly!) How would you define a successful business leader? 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. Lara leads the Kraken Technologies licensing arm of Octopus Energy Group - one of the fastest growing 'EnTech' companies worldwide, launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution. His career at consumer goods giant Procter & Gamble before running businesses including a shop... Instead making purchases on the wholesale markets licensing business with big customers like E.ON EDF. Do you have for other businesses on environmental sustainability and its impact on climate?... 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