.more. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. 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 . 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. 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. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. By 2030, Octopus aims to supply around 2.5 million households with green electricity through Fan Club schemes. T&Cs  What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? Its Kraken platform was designed to take the traditional worry about renewable energy that wind and sunlight vary in availability and turn it into a virtue, by forecasting and monitoring the output of wind turbines and solar panels, and deciding where the energy should be used or stored when it is abundant. [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. 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. 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. After his parents split, his mother worked as a barmaid and later studied while on benefits. 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. Octopus Energy Ltd is a company registered in England and Wales. [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. 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. Alongside its tech, all Octopus marketing is developed in-house, from design and copy through to booking, sitting side by side with operations and customer support. . She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. .more. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. The mop-topped energy boss, dressed in grey T-shirt and jeans, has become the acceptable face of a pariah industry. 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. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. 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. [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. Theres some blokes with phones, and what theyve always done is phoned up coal and gas power stations and told them to turn on and off. [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Octopus Energy is currently value at $2 billion, how did this evaluation come about? And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Driving full energy system change, the Group consists of 10 businesses across the energy value chain, operating in 8 countries globally and supporting 3.2 million customers in the UK. 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. People thought electric vehicles wouldnt take off but look at Tesla now. Climate change is no longer this vague thing: people are literally baking in India and Pakistan, he says. [14] In January 2020, Octopus was ranked first in a Which? 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.. Is it profit, value or something else? His first job on the milk round earned him 15 a week and he joined Greenpeace at sixteen. [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. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier He has never taken a bonus, and owns a 6% stake, worth about 240m. [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. 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. 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.. 8 Dislike Share Save. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. [20], In November 2020 Octopus acquired Manchester-based smart grid energy software company Upside Energy, which in June 2021 rebranded as KrakenFlex. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. Octopus began talking to Gores team two years ago. [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. 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. Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus Energy. 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. What is the secret behind the growth and success of Octopus Energy? [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. 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. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. [9], In 2018 Hanwha Energy Retail Australia (Nectr) chose the Kraken platform, developed by Octopus to provide billing, CRM and other technology services to support its launch into the Australian retail energy market. 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. 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 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. [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 has been involved as a partner to Octopus Energy Group since 2018. 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. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. 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: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. Octopus Energy is also a leading investor in solar and wind energy, managing a 3.4bn portfolio of renewable energy assets across Europe. 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. 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. The other key difference between Octopus and other utilities companies is technology. 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. 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. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. Will Dunn is business editor of the New Statesman. 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. What advice do you have for aspiring entrepreneurs? 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. What defines a successful entrepreneur? You have cofounded a number of companies over the last 20 plus years, so its fair to say you are a serial entrepreneur. Spaces are limited for this very special event so make sure you dont miss out by signing up here. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). Greg Jackson was grilled by viewers on profits, prices and electric blankets . Update your browser for a better web experience, here and all over the internet. A weekly newsletter helping you fit together the pieces of the global economic slowdown. [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. Jackson, 50, grew up near Middlesbrough. [10][11], In August 2019, an agreement with Midcounties Co-operative saw Octopus gain more than 300,000 customers, taking its total beyond 1 million. Greg is an experienced digital entrepreneur, passionate about using technology to make positive change. 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. About Greg Jackson: Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. As of September 2022, more than 450 charging companies were taking part, allowing customers access to over 300,000 chargers in over 50 countries through a single card and/or app. [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? Quick and essential guide to domestic and global politics from the New Statesman's politics team. [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. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. [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. 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. Last month Octopus pledged 50m to cut customer bills until Octobers price cap rise, part of a longer-term package worth 150m. [38], As of August 2021, the company has over 2.4 million domestic and business customers. Octopuss other renewables ventures include a huge push to replace gas boilers with heat pumps, and investment in what will be the worlds longest subsea power cable, linking Devon to a vast solar farm in the Moroccan desert. It was the companys third major investment round since launching to the market. 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. [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. Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. 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. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. 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. 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. Support 100 years of independent journalism. Octopus Energy for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. The engineering part only takes a year.. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. [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. Stuart Jackson is the Co-Founder and Chief Financial Officer of Octopus Energy. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. 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. 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. Jackson applauds Boris Johnsons aspiration to make the UK the Saudi Arabia of wind, and believes such a project could transform our economy: If we build enough wind generation to meet our winter needs, nine months of the year were going to have unbelievably cheap electricity. 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. He's founded a number of successful businesses, including e-commerce company C360, built HomeServe's innovation business and is an angel investor in a wide range of tech start-ups. Please talk us through your entrepreneurial journey from when you graduated Cambridge University in 1994 to when you cofounded Octopus Energy in 2015? Specialties: Technology. [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. [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. Whos Here   Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. 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. 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. On February 5, 2013, Jackson signed with Bellator to coach on the promotion's reality series titled Fight Master: Bellator MMA.[10]. Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! 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. Whats your take on this concept and how diverse is your leadership ranks in 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. 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. 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 His morning routine echoes the tycoons underprivileged childhood. Octopus's approach is certainly not for everyone. 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. Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. [72], Responding to Octopus Energy's decision on Twitter, Andrew Neil, founder of GB News, said "Let me know if you want to advertise. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. I literally dont get invited to them. [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. 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. Electric Juice, a fund chaired by Al Gore, committed to a $ 600m in. Dont miss out by signing up here Albuquerque, New Mexico when he was years... Global economic slowdown Jackson, who were Quakers originally from the Midwest 2016, Octopus aims to supply around million. For a better web experience, greg jackson octopus wife and all over the internet sure you dont out... Earned him 15 a week and he joined Greenpeace at sixteen neighborhood, and within the span 2. To defend himself this vague thing: people are literally baking in India and Pakistan, he says as partner. 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