In 2009, Jackson released an instructional book about his fighting style called Jackson's MMA - The Stand Up Game. [28], In October 2022, Octopus reached an agreement to acquire Bulb Energy's 1.5 million customers. John is a highly experienced energy entrepreneur. 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. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. KrakenFlex is currently contracted to manage over 1,600 MW of power with further 2 GWs of renewable generation to come online through 2022. There was an unexpected issue while trying to process your request. [35] As a result of these acquisitions, Octopus now has retail, generation or technology licences in 13 countries across four continents. 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. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. Profit? We took the 15 years it usually takes to make a vaccine, and did it in less than a year. As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier in the UK.[2]. 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. 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. 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. 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. 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. 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. Launched in 2016, the company's mission is to bring cheaper, greener power to all. 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. 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. A weekly newsletter helping you fit together the pieces of the global economic slowdown. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). 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. 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. Deepak has been involved as a partner to Octopus Energy Group since 2018. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. Deepak is a successful entrepreneur himself, taking the tech business he founded from concept to IPO. [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? Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. I dont just want them to come in and do things for the company. The contemporary Jackson-Wink MMA Academy won the same award in 2015.[9]. 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. 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. Rachel started her career in utilities as a consultant where she worked on a number of international energy industry privatisation and restructuring projects. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. He also holds an MBA from Yale University and is an independent non-executive director of the Thames Estuary Growth Board, where he co-chairs the hydrogen committee, and a Member of the Yale University Alumni Association Board of Governors. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. After his parents split, his mother worked as a barmaid and later studied while on benefits. The boss has now stated that it has "never . We need to work like that now on the clean energy system., [See also: The power trap: Why the energy crisis is a crisis of politics], This article appears in the 13 Oct 2021 issue of the New Statesman, Perfect Storm. [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. There was a problem! She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. 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. 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. Climate change is no longer this vague thing: people are literally baking in India and Pakistan, he says. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. 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. Were nothing like Bulb.. She loves supporting kind, high performing teams and individuals who want to positively change the world. 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. 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. Rebecca is a highly experienced marketer and known for breathing new life into technology products. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. Our middle management team in operations - which makes up most of our team - fares even better, being made up of 80% women and most of them have been with us from the first 50 employees we hired, showing that people are happy here and like to stay. This platform was created 50/50 by our tech team and our customer service team, and is worked on and tweaked constantly to create the best process for the team who are looking after customers. .more. 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. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. We want a similar effort to the vaccine rollout, says Jackson, sweeping bags of Frazzles aside. [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. The plan allows households to become part of the UK Tesla Virtual Power Plant, which connects a network homes that generate, store and return electricity to grid at peak times. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. [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. [1] 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. 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. With that he dashes off to do the school run, ready to pass on his opinions to the next generation. 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. Octopus Energy is also a leading investor in solar and wind energy, managing a 3.4bn portfolio of renewable energy assets across Europe. [14] In January 2020, Octopus was ranked first in a Which? He began his career at consumer goods giant Procter & Gamble before running businesses including a coffee shop and a mirror manufacturer. 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? I want them to feel happy and fulfilled by the work they do. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . 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 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. Hello Greg, and thank you for taking the time our to participate in this interview. 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. 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. took on 600,000 customers from bust Avro Energy, a small noisy group, including Nigel Farage, attacking net zero goals. 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. Jackson reaffirmed that Octopus had not boycotted the channel. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. 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. [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. 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. Could Octopus become another Bulb? In your view what does it mean to be an entrepreneur and are all entrepreneurs businessmen or women? Rebecca holds a Bachelor's degree from Nottingham University Business School. Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show. He says it took years to find the 10m he needed to launch Octopus. Jacksons career has been far from typical for the energy business. Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus Energy. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. consumer organisation. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. 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. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. It takes seven years to get a windfarm through the planning process and connected to the grid. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. 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. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? Greg: The pandemic certainly hasnt slowed us down. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. Gregory Jackson (born 1974) is an American mixed martial arts (MMA) trainer who co-owns Jackson Wink MMA Academy in Albuquerque, New Mexico,[1][2] 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. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. 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. [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. Spaces are limited for this very special event so make sure you dont miss out by signing up here. Greg: The desire for their colleagues to be happy and successful. 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. [12][13], In both 2018 and 2019, Octopus was the only energy supplier to earn "Recommended Provider" status from the Which? The Kent areas where house prices rose the most in 2022. 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. 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. 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 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. Greg: I have a strong desire for my colleagues to be successful. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. He spends around an hour each day dealing directly with customers to understand that experience better, along with discussing trade-offs such as pricing strategy and infrastructure. Jon has worked for the last 18 years building a number of successful energy challengers, service innovators and disruptors across both Australia and the UK. What would you say is the most important trait of a successful entrepreneurs? Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. Family In a relationship; has two children from previous partners. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. 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. 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? [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. 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. What is the secret behind the growth and success of Octopus Energy? About   Weve raised 16 times more investment than Bulb did. Greg Jackson and his gyms have won five World MMA Awards altogether. 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. 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. 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 an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. 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.. 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. Greg Jackson, Founder & CEO. [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. 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