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? The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. 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 . Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. 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. We are also able to license out Kraken to other energy companies, allowing them to make use of the same efficiencies. Octopus Energy Ltd is a company registered in England and Wales. 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. [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. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. 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. Weve established an incredibly flat structure here at Octopus, which allows people to make roles their own, and find what really works for them to make them happy to come to work every day. .more. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. . [18] The same month saw the launch of London Power, a partnership with the Mayor of London. Nov 2, 2022. Passionate, creative, innovative CEO, entrepreneur and investor. 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. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier 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. [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. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. Update your browser for a better web experience, here and all over the internet. Greg: The pandemic certainly hasnt slowed us down. Jackson declined to comment on it. [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 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. 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.. 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. Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. [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. 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. [citation needed]. [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. Octopus are on a mission to bring cheaper, greener power to all. [29], In September 2019 Octopus acquired German start-up 4hundred for 15m; the acquisition of 4hundred, which had 11,000 customers, was Octopus' first overseas expansion. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. survey and was one of three recommended providers. Theyve been characterised as inexperienced and foolhardy for not hedging their energy far enough in advance. 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. [19], In 2020 Octopus completed two funding rounds totalling $577m, making the company the highest funded UK tech start-up that year. 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. [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. 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. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. We are doing the same thing in clean, green energy. Registered office: UK House, 5th floor, 164-182 Oxford Street, London, W1D 1NN. 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. She has done this all while maintaining some of the very best customer service ratings in the industry. [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. 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. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. [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. 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. 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. Before Octopus he ran a business with Octopus' founder and CEO Greg Jackson (no relation, honestly!) All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. 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. [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. 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. [45][46] At the time of the acquisition, the generation assets were reported to be worth over 3.4billion. 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. 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. Jackson, 50, grew up near Middlesbrough. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. [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". [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. Octopus Energy was established in August 2015 as a subsidiary of Octopus Capital Limited. It was the companys third major investment round since launching to the market. 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. I dont just want them to come in and do things for the company. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. How would you define a successful business leader? 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 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 Jackson was grilled by viewers on profits, prices and electric blankets . 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. Launched in 2016, the company's mission is to bring cheaper, greener power to all. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. Spaces are limited for this very special event so make sure you dont miss out by signing up here. 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. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Family In a relationship; has two children from previous partners. 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: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. Please refresh the page and try again. 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. 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. What would you say are the most important traits business leaders should possess to be successful? 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 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. Mohamed Abubakar, his wife Rasha Al-Buriahi and their four children all sleep and eat in the same room. took on 600,000 customers from bust Avro Energy, a small noisy group, including Nigel Farage, attacking net zero goals. 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. Rebecca holds a Bachelor's degree from Nottingham University Business School. Recommended Provider accolade five years in a row. The company also supplies software services to other energy suppliers. He began his working life as a video games programmer and always fancied a stint as a motorcycle courier (electric, of course).. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . Octopus Energy for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. 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). Sign up to receive information regarding NS events, subscription offers & product updates. What impact has the pandemic had on Octopus Energy and how have they navigated this? Greg: I have a strong desire for my colleagues to be successful. She is Chief Marketing and Product Officer at Octopus Energy. 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. 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. 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. [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. [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. 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. I want them to know that their work is making a difference, everyday. Rachels remit is to create the regulations and markets needed to achieve net zero quickly and affordably. 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. 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). [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. I think Im too opinionated. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. Octopus Energy has a multi faceted business model, generating value from different revenue streams. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. 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. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. [31], In November 2021, EDF Energy agreed a deal with Octopus Energy Group to move its five million customers onto its Kraken platform. Are you happy doing what youre doing? 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 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. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. 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. Last holiday Cotswold Water Park, with family and friends. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. Rebecca came to Octopus Energy following an eight-year career at UK energy company British Gas. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. 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. In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. [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. What advice do you have for other businesses on environmental sustainability and its impact on climate change? 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. Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. After his parents split, his mother worked as a barmaid and later studied while on benefits. 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. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. 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. 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. S mission is to create the regulations and markets needed to achieve net zero.. Other businesses on environmental sustainability and its impact on climate change 's MMA - the ground.... Boss of Octopus Capital Limited just want them to come in all and. 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