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. Love building organisations around people, disrupting industries which underserve customers and society. We'll monitor any new channels (including this) before running ads and will only advertise if balanced and meets our policies", "As per my message, we didn't boycott - I wanted to see the channel and am true to my word", "GB News hails boycott victory - Full list of advertisers BACKING Andrew Neil's channel", "Octopus Energy's Greg Jackson: 'Climate change is no longer this vague thing', Timeline of the electricity supply industry, Department for Business, Energy and Industrial Strategy, Minister of State for Business, Energy and Clean Growth, Department for Environment, Food and Rural Affairs, Climate Change and Sustainable Energy Act 2006, Centre for Renewable Energy Systems Technology, Hadley Centre for Climate Prediction and Research, Association for the Conservation of Energy, Double Glazing & Conservatory Ombudsman Scheme, https://en.wikipedia.org/w/index.php?title=Octopus_Energy&oldid=1128995384, Electric power companies of the United Kingdom, Renewable resource companies established in 2015, Renewable energy companies of the United Kingdom, Articles with unsourced statements from October 2021, Articles containing potentially dated statements from September 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, Greg Jackson (CEO), Stuart Jackson (CFO), James Eddison (CTO), Zoisa North-Bond (CEO, Octopus Generation), Rebecca Dibb-Simkin (CMO), Peter Miller (Customer Experience) Fiona Howarth (CEO, Octopus Electric Vehicles), This page was last edited on 23 December 2022, at 02:23. [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. His morning routine echoes the tycoons underprivileged childhood. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. Octopus Energy for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. 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. As a company we are completely digital, so we asked everybody to take their laptops home on Friday, and when lockdown was announced on Monday, our team just plugged the headsets into their laptops and continued working as usual. 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. There is growing evidence that diverse workforces are more productive than non-diverse workforces. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. 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. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier I want them to know that their work is making a difference, everyday. These are things we should do everything to avoid., He believes the energy crisis has underscored the need for Britain to move away from oil and gas. The mop-topped energy boss, dressed in grey T-shirt and jeans, has become the acceptable face of a pariah industry. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. 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. 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. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. Last month Octopus pledged 50m to cut customer bills until Octobers price cap rise, part of a longer-term package worth 150m. Octopus began talking to Gores team two years ago. The New Statesmans global affairs newsletter, every Monday and Friday. 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. [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. Greg: When I meet all of our new starters - which I always make sure to do during introductory training - the ones that stand out to me are the ones that ask themselves what they can do for the company, rather than what the company can do for them, they look at their own skills and wants, see what they can bring to the table and do their best. The first nail in the coffin should have been climate change, then it should have been the fact that renewables are now cheaper than fossil fuels. Registered number: 09263424. [12][13], In both 2018 and 2019, Octopus was the only energy supplier to earn "Recommended Provider" status from the Which? [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. Rachel joined Octopus Energy in 2021, bringing with her a wealth of knowledge following more than two decades of experience in energy regulation. 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. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . Rachel started her career in utilities as a consultant where she worked on a number of international energy industry privatisation and restructuring projects. 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. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. [3] Trading began in December 2015. After his parents split, his mother worked as a barmaid and later studied while on benefits. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. Profit? Greg Jackson isnt your average energy company CEO. Are you happy doing what youre doing? "The cost of generating a green electron is already today dramatically cheaper than generating a fossil fuel electron" In the latest Inside Octopus, flex-perts Alex and Devrim discuss the path to a cheaper, smarter energy model through flexibility. 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.. Stuart has a degree in Economics from Cambridge University. 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. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. 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. 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. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. The collection of projects reflects Jacksons entrepreneurial background. 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. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. Jon is currently the Global Director of Operations for Octopus Energy Group and Kraken Technologies and a board member for a number of group companies in Europe and Asia Pacific regions.He has played a pivotal role in building and leading some of the most awarded and customer obsessed teams in the UK and abroad. [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. 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. 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. Our customer service metrics actually improved during the pandemic, and we were the only large domestic energy supplier in the UK still answering calls as usual. 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. 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 . Octopus Energy Group is a British renewable energy group specialising in sustainable energy. Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . Im just gobsmacked anyones opposing this., Does being a flag-bearer for green energy get him in hot water at dinner parties? survey and was one of three recommended providers. [55], Octopus Renewables is contracted as the investment manager for Octopus Renewables Infrastructure Trust, an investment trust established in 2019 which owns wind and solar generation in the UK, Europe and Australia. Deepak has been involved as a partner to Octopus Energy Group since 2018. 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. What defines a successful entrepreneur? A serial and successful entrepreneur before Octopus Energy, Gregs experience spans mirror manufacturing, coffee shops and multiple software ventures. Pay Minimum wage; Jackson gave up his 150,000 salary when the energy crisis began last autumn, donating the rest of his original salary to Octopuss staff welfare and its financial hardship fund, Octo Assist. 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. [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. 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. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Since our interview, Octopus has rejoined the race, submitting a last-minute bid. Greg Jackson and his gyms have won five World MMA Awards altogether. 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. [37], In January 2022 Octopus Energy entered the French market with the acquisition of Plm nergie, a French energy start-up with 100,000 retail and corporate accounts. Rachels remit is to create the regulations and markets needed to achieve net zero quickly and affordably. What impact has the pandemic had on Octopus Energy and how have they navigated this? Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus Energy. 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. Before Octopus he ran a business with Octopus' founder and CEO Greg Jackson (no relation, honestly!) Please talk us through your entrepreneurial journey from when you graduated Cambridge University in 1994 to when you cofounded Octopus Energy in 2015? Sign up to receive information regarding NS events, subscription offers & product updates. Having been in the industry for over 20 years, he has founded a number of businesses that he took to sale, including Affect Energy, which became part of the Octopus Energy Group in 2018. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. 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. Whos Here   [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. It was at that point she founded Octopus Electric Vehicles, and since then has been building a team of experts passionate about helping consumers and businesses make that transition to electric vehicles. People thought electric vehicles wouldnt take off but look at Tesla now. There was a problem! 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. I literally dont get invited to them. [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.. I read an article recently where you said Octopus Energy dont have a HR department. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. 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. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Prior to Affect Energy, where John built up a strong reputation for good, local customer service in Sussex, he was Managing Director of Thermabead Ltd in Worcester. London Tuesday 8th November - This evening, the founder and CEO of Octopus Energy, Greg Jackson, joined consumer champion Martin Lewis on his flagship TV show on ITV. Growth? 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. A weekly newsletter helping you fit together the pieces of the global economic slowdown. 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. Deepak is a successful entrepreneur himself, taking the tech business he founded from concept to IPO. 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. 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. [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. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. Octopus's approach is certainly not for everyone. What would you say is the most important trait of a successful entrepreneurs? Events  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 has a multi faceted business model, generating value from different revenue streams. Plm was subsequently rebranded as Octopus Energy France. As a result, he was suspended from school for instigating fights on more than one occasion. [45][46] At the time of the acquisition, the generation assets were reported to be worth over 3.4billion. [66] The campaign artwork was exhibited at over 5,000 sites, making it the largest ever digital out-of-home (DOOH) art exhibition. 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. In regards to your global expansion plans, Octopus Energy is currently located in three continents, do you have any plans of expanding into Africa or acquiring any green energy businesses in Africa? It could cost taxpayers 2bn. Nov 2, 2022. Octopus is also unusual in that, as well as selling to consumers, it derives more than half its value from the technology it licenses to other businesses in the UK and around the world (a model reminiscent of Amazon). Greg: I have a strong desire for my colleagues to be successful. 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. Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. Do you have any influences that have inspired your entrepreneurial journey and how? 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. 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. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. 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. 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'. 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. By 2030, Octopus aims to supply around 2.5 million households with green electricity through Fan Club schemes. His morning routine echoes the tycoons underprivileged childhood. Called Jackson 's MMA - the ground Game over 3.1 million UK customers the pieces of the global economic.... Fund management company Octopus Group, which currently has over 2.4 million domestic and business customers Grace... 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