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As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier Energetic and emotionally intelligent, Tara has almost 20 years of experience in developing breakthrough customer strategies and bringing out the best, most caring sides of individuals and teams doing the most vital of jobs, customer operations. We are doing the same thing in clean, green energy. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents 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 Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. Rebecca holds a Bachelor's degree from Nottingham University Business School. Greg: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. 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. Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. 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. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. 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. Were in a double crisis now: a cost crisis, and a carbon crisis. Weve raised 16 times more investment than Bulb did. Hey I'm Constantine, welcome to Octopus Energy! [citation needed]. I think Im too opinionated. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. Rachels remit is to create the regulations and markets needed to achieve net zero quickly and affordably. 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. If the problem persists, please contact support. Greg Jackson, Founder & CEO. Greg: The desire for their colleagues to be happy and successful. [4] Greg Jackson is the founder of the company and holds the position of chief executive. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . Greg: Success is different for everybody, and you need to be honest with yourself about what would make your job a success, is it happiness? How we work  It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Diversity is extremely important during our hiring process, and we anonymise CVs so that we can hire for the people behind the name and profile. 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. 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. 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. 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. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. [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 our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. [1] The New Statesmans global affairs newsletter, every Monday and Friday. 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. 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. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. [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. 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. 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. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). 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. 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.. People thought electric vehicles wouldnt take off but look at Tesla now. Greg Jackson and his gyms have won five World MMA Awards altogether. 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. 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. 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. 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. 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 . Is it profit, value or something else? She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. 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. 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. 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. 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. Epitomising the agile leadership that is synonymous with disruptive businesses, Zoisa leads both the generation the business retail arm of Octopus Energy. 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. 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. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. [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. 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. 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. The engineering part only takes a year.. Its Kraken platform was designed to take the traditional worry about renewable energy that wind and sunlight vary in availability and turn it into a virtue, by forecasting and monitoring the output of wind turbines and solar panels, and deciding where the energy should be used or stored when it is abundant. What impact has the pandemic had on Octopus Energy and how have they navigated this? Please refresh the page and try again. Octopus Energy is currently value at $2 billion, how did this evaluation come about? 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. Growth? [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? It was the companys third major investment round since launching to the market. To be the first to hear about our events, get immediate access to new podcast episodes, and hear news picked just for you Join our community! Greg Jackson, CEO Greg Jackson Founder Octopus Energy agrees $600m deal with former-VP Al Gore backed sustainable investment fund We're over the moon to be able to announce our $600 million partnership with Generation Investment Management, a sustainable investment fund, co-chaired by former US Vice-President and climate champion Al Gore. 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. 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. What is the secret behind the growth and success of Octopus Energy? [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. 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? [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. 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. that helped retail financial services businesses re-invent product offers online. [21], The same month saw Octopus launch the not-for-profit Octopus Centre for Net Zero (OCNZ), a research organisation tasked with creating models and policy recommendations for potential paths to a green energy future. John is a highly experienced energy entrepreneur. What would you say is the most important trait of a successful entrepreneurs? A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. There was an unexpected issue while trying to process your request. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. Since our interview, Octopus has rejoined the race, submitting a last-minute bid. [20], In November 2020 Octopus acquired Manchester-based smart grid energy software company Upside Energy, which in June 2021 rebranded as KrakenFlex. 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. 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. 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. 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. What advice do you have for other businesses on environmental sustainability and its impact on climate change? All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. We need to learn from the pandemic, Jackson says. [35] As a result of these acquisitions, Octopus now has retail, generation or technology licences in 13 countries across four continents. [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. 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. Prior to that Stuart spent 6 years with Barclays Bank, including a stint running a 5bn credit card business and 10 years as a strategy consultant. [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. 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. 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. As a Senior Partner and Managing Director at BCG, Deepak gained extensive experience transforming legacy businesses through technology, working across the UK, Nordics, US, South East Asia and India. Before Bulbs collapse, Octopus flirted with taking over its rival. Greg Jackson was grilled by viewers on profits, prices and electric blankets . [23], In March 2021 the Financial Times listed Octopus at number 23 on their list of the fastest growing companies in Europe. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. [18] The same month saw the launch of London Power, a partnership with the Mayor of London. 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. Jackson, 50, grew up near Middlesbrough. 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. 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. [45][46] At the time of the acquisition, the generation assets were reported to be worth over 3.4billion. Octopus is his magnum opus, taking on the tired, old energy market . 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. 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. She loves supporting kind, high performing teams and individuals who want to positively change the world. Welcome to Octopus Energy licenses their proprietary customer Management system called greg jackson octopus wife, our! Nottingham University business School it was the companys third major investment round since launching the... Is E.On, the generation assets were reported to be happy and successful the launch of London impact the! Last-Minute bid clean, green Energy this market by shaking your piggy bank 2020 Institute. Team transformations of paying their charging costs through their domestic Energy bills the tired old. 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