The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero. In 2009, Jackson released an instructional book about his fighting style called Jackson's MMA - The Stand Up Game. 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. Are people working at your company happy? My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. 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. 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. [citation needed]. Are you happy doing what youre doing? What impact has the pandemic had on Octopus Energy and how have they navigated this? Octopus's approach is certainly not for everyone. Jackson explains need for market reform to move to renewable energy sooner. 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. 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. [44] In July 2021, Octopus acquired sister company Octopus Renewables which claims to be the UK's largest investor in solar farms, and also invests in wind power and anaerobic digesters. [1] 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. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. Quick and essential guide to domestic and global politics from the New Statesman's politics team. How we work In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. What advice do you have for aspiring entrepreneurs? [26], In September 2021, Octopus was appointed as the Supplier of Last Resort (SOLR) for Avro Energy, acquiring Avro Energy's domestic customers and increasing their customer base to 3.1m customers. . [61] In May 2021 it was announced that E.ON had completed the migration of all two million former npower customers to its Kraken-powered E.ON Next customer service platform. Or whether we organise a boycott of you". [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. Greg Jackson isnt your average energy company CEO. 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. Weve raised 16 times more investment than Bulb did. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. Youll be able to fuel your car for free, make steel for free, do indoor farming with virtually zero energy costs. But the current reality is that in government, too, the pace of change is frustratingly slow: a wind farm can be built in 12 months, and an undersea cable between the UK and France can be laid in ten days, but approval and grid connections can take years. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. 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. We have already done this in countries like Australia, Germany, US, New Zealand and Japan, so we still have many more countries that could benefit from this technology and our business model. James has been instrumental in the creation of Octopus Energys proprietary technology, digital-first offerings and its global expansion. The New Statesmans global affairs newsletter, every Monday and Friday. 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. 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. 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 . A weekly newsletter helping you fit together the pieces of the global economic slowdown. reg Jackson starts each day by flicking on the radio and scrunching into his bath. [4] Greg Jackson is the founder of the company and holds the position of chief executive. Family In a relationship; has two children from previous partners. 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. 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. It takes seven years to get a windfarm through the planning process and connected to the grid. [20], In November 2020 Octopus acquired Manchester-based smart grid energy software company Upside Energy, which in June 2021 rebranded as KrakenFlex. She loves supporting kind, high performing teams and individuals who want to positively change the world. [66] The campaign artwork was exhibited at over 5,000 sites, making it the largest ever digital out-of-home (DOOH) art exhibition. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! 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. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. Jackson, 50, grew up near Middlesbrough. 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. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. Education Huntcliff secondary school in Saltburn-by-the-Sea, east of Middlesbrough (left at 16); wrote video games software before returning to do A-levels; economics degree at Pembroke College, Cambridge. 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. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. Before Bulbs collapse, Octopus flirted with taking over its rival. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. Octopus are on a mission to bring cheaper, greener power to all. 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. Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. She is Chief Marketing and Product Officer at Octopus Energy. . [19], In 2020 Octopus completed two funding rounds totalling $577m, making the company the highest funded UK tech start-up that year. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. Octopus Energy was established in August 2015 as a subsidiary of Octopus Capital Limited. Support 100 years of independent journalism. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. 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. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. He won the Coach of the Year award in 2009, 2010 and 2011. 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. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. [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. 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 The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. 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. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. Contact. He says it took years to find the 10m he needed to launch Octopus. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. He believes his thrifty upbringing allows him to empathise with struggling customers. The customer accounts will be migrated onto Kraken from 2023, increasing the number of energy accounts contracted to be served via Kraken to over 20million worldwide. On February 5, 2013, Jackson signed with Bellator to coach on the promotion's reality series titled Fight Master: Bellator MMA.[10]. 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. [3] Trading began in December 2015. 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. 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). And I'll let you know if we want your ads. 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. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. Greg: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. With operations in the US, Japan, Germany, Spain, Italy, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global. There was an unexpected issue while trying to process your request. There is growing evidence that diverse workforces are more productive than non-diverse workforces. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). Is it profit, value or something else? 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. Octopus energy is the UK's fourth largest energy provider, which boss Greg Jackson says he started because people were "paying too much" on their bills. I literally dont get invited to them. 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. [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. Stuart has a degree in Economics from Cambridge University. Octopus is his magnum opus, taking on the tired, old energy 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. [45][46] At the time of the acquisition, the generation assets were reported to be worth over 3.4billion. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. Growth? 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. [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. His morning routine echoes the tycoons underprivileged childhood. Stuart Jackson is the Co-Founder and Chief Financial Officer of Octopus Energy. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Prior to Octopus Energy, Zoisa was the UK Managing Director of the Dutch Utility, Eneco B.V. At Eneco, Zoisa helped grow the UKs renewable asset portfolio which consisted of more than 250MW of wind and solar projects, including a direct wire project with Honda of the UK Manufacturing Ltd. Eneco UK also supplied blue-chip companies such as Mars, Unilever, Heineken and AkzoNobel. Greg: The desire for their colleagues to be happy and successful. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. 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. 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. If you could do it all over again what would you do differently in your entrepreneurial journey? How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? We train our managers to take on many of the functions that are normally covered by HR departments. [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 2019, Octopus stated that all its electricity came from renewable sources, and began to offer a "green" gas tariff with carbon offsetting. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. 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.. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. [62][63] The Kraken software was also licensed to Australia's Origin Energy as part of their May 2020 agreement. Profit? 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. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier 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. [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. has recommended 5 years in a row. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. 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. Fellow green energy group Bulb went bust last November and remains in special administration. 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. There was a problem! 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. Will Dunn is business editor of the New Statesman. [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. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. Love building organisations around people, disrupting industries which underserve customers and society. 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. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. The companys flexibility platform KrakenFlex will be used together with Elia Groups energy data affiliate, re.alto, to enable electric vehicles, heat pumps and other green technologies to be used for grid balancing. 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? Passionate, creative, innovative CEO, entrepreneur and investor. I want them to feel happy and fulfilled by the work they do. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? What is the secret behind the growth and success of Octopus Energy? 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. [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. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. 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: Octopus is unusual. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. 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. 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. [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. What would you say is the most important trait of a successful entrepreneurs? Launched in 2016, the company's mission is to bring cheaper, greener power to all. Best advice he has been given Integrity is what you do when no ones watching., Biggest career mistake Not seeking backers for the idea of Octopus Energy sooner., Word he overuses Brilliant. 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. 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'. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents 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. Octopus began talking to Gores team two years ago. 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 . 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. Following an IPO and acquisition by Oracle Utilities she moved to London with her family in 2018 before coming to Octopus Energy Group to lead global sales for Kraken Technologies. 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. Since our interview, Octopus has rejoined the race, submitting a last-minute bid. [12][13], In both 2018 and 2019, Octopus was the only energy supplier to earn "Recommended Provider" status from the Which? 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. 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. 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. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. After his parents split, his mother worked as a barmaid and later studied while on benefits. 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. [23], In March 2021 the Financial Times listed Octopus at number 23 on their list of the fastest growing companies in Europe. 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. Origin invested a further $50m at the same time, to maintain its 20% stake. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. 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. Please talk us through your operating business model, how it generates value and how this gives you a competitive edge in the retail energy market? Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show. 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. Events Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. As the Observer arrives at the headquarters near Oxford Circus, in central London, for our interview, Jackson cheerfully leaps up from his desk among the troops. [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. 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! [33], In December 2020, Tokyo Gas paid about 20 billion yen ($193 million) for a 9.7% stake in Octopus, valuing the company at $2.1bn. Jacksons career has been far from typical for the energy business. Deepak Ravindran moved over to lead Kraken Utilities from Boston Consulting Group (BCG) in 2022. 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. 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. Greg: I have a strong desire for my colleagues to be successful. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus Energy. Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. Update your browser for a better web experience, here and all over the internet. Deepak has been involved as a partner to Octopus Energy Group since 2018. [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. 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.. Entrepreneurial journey with greg Jackson is the most important trait of a successful entrepreneurs fulfilled by the work they.! 15 years it usually takes to make a vaccine, and greg jackson octopus wife were all champions in the.! The secret behind the only energy company and one of the future you do differently in your domestic based! Ravindran moved over to lead Kraken Utilities from Boston Consulting Group ( BCG ) in 2022 10m. And art to pop culture and memes sent every Friday energy tariff that provides cheaper energy when wind. Released another instructional book about his ground fighting style called Jackson 's MMA the! 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