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. [citation needed]. The only energy supplier Which? .more. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. 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. The New Statesmans global affairs newsletter, every Monday and Friday. Were in a double crisis now: a cost crisis, and a carbon crisis. Jackson reaffirmed that Octopus had not boycotted the channel. It has enabled us to lower our costs to serve up to 75% compared to some of our competitors Thanks to Kraken, we are able to scale our customer service team quickly to take on new customers and keep them happy. Hey I'm Constantine, welcome to Octopus Energy! Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. 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. 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. has recommended 5 years in a row. 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. 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. Greg Jackson founded Octopus Energy in 2015 with a view to using technology to make the green energy revolution faster and cheaper for consumers. Quick and essential guide to domestic and global politics from the New Statesman's politics team. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Jackson declined to comment on it. [28], In October 2022, Octopus reached an agreement to acquire Bulb Energy's 1.5 million customers. Octopus is his magnum opus, taking on the tired, old energy market . Registered office: UK House, 5th floor, 164-182 Oxford Street, London, W1D 1NN. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. The engineering part only takes a year.. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. [38], As of August 2021, the company has over 2.4 million domestic and business customers. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. James is an e-commerce specialist who was the brains behind a number of high profile tech platforms for clients such as the UK Labour Party, Citroen and Hermes, among others. 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. 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. Or whether we organise a boycott of you". Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. [31], In November 2021, EDF Energy agreed a deal with Octopus Energy Group to move its five million customers onto its Kraken platform. 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. The acquisition was the first step in Octopus' $100m US expansion; at the time of the acquisition, Octopus announced it was aiming to acquire 25 million US customers, and 100 million global customers in total, by 2027. Stuart has a degree in Economics from Cambridge University. 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 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.. 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. 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. [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. There was an unexpected issue while trying to process your request. 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. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. Greg: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. 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. 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. 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. Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. Jackson, 50, grew up near Middlesbrough. I literally dont get invited to them. We need to learn from the pandemic, Jackson says. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. [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. 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. Spaces are limited for this very special event so make sure you dont miss out by signing up, To be the first to hear about our events, get immediate access to new podcast episodes, and hear news picked just for you . Refresh 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. With the pandemic, we took the 15 years it usually takes to make a vaccine, and did it in less than a year. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. Our team is made up of climate enthusiasts who know that switching people to green energy and growing that customer base around the world is the number one thing we can do to turn the tide on climate change. [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. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. Octopus Energy has a multi faceted business model, generating value from different revenue streams. Elsewhere, a vast screen displays the progress of Plots for Kilowatts, a scheme that matches areas where residents have said theyll put up with an onshore windfarm in return for lower bills with areas where landowners are keen to host one. 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.. Greg: The pandemic certainly hasnt slowed us down. 8 Dislike Share Save. 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. 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? Is it profit, value or something else? Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. After his parents split, his mother worked as a barmaid and later studied while on benefits. I want them to know that their work is making a difference, everyday. Growth? Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Greg Jackson was grilled by viewers on profits, prices and electric blankets . [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. [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. 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. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. survey and was one of three recommended providers. Specialties: Technology. 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. 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. I read an article recently where you said Octopus Energy dont have a HR department. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. He now runs Octopus, the green energy supplier founded in. 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. Before starting KrakenFlex, Devrims professional career saw him take up executive roles with blue chip management consultancies and finance companies such as Publicis Sapient, Kearney and Lansdowne. 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. [19], In 2020 Octopus completed two funding rounds totalling $577m, making the company the highest funded UK tech start-up that year. Octopus founding team are from tech rather than energy backgrounds and are determinedly using technology to drive down prices, enable great service and drive towards a renewable future through the smart grid, which is essential to decarbonise affordably. [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. His old gym, Greg Jackson Fighting Systems won the Gym of the Year award in 2009. Following his CTO role at Tangent plc, James & the other founders thought up Kraken, a technology platform that would rival all others in the energy market. Nov 2, 2022. Weve never made a profit and were going to, but weve ploughed everything were going to make into customer support so were not going to make one this year, he says. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. [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 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. We are doing the same thing in clean, green energy. Before Bulbs collapse, Octopus flirted with taking over its rival. Fellow green energy group Bulb went bust last November and remains in special administration. 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. 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. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. They will be global.. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. 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. 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. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. 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. [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. 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. 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. 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. Greg is an experienced digital entrepreneur, passionate about using technology to make positive change. 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. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? 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