Last holiday Cotswold Water Park, with family and friends. Recommended Provider accolade five years in a row. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. The engineering part only takes a year.. 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. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. His school officially turned into an MMA school in 2000. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. The only energy supplier Which? Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. [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. 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. 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. [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. 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. 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.. 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. [1] 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. 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. 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.. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? consumer organisation. 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: I prefer the term business leader to entrepreneur, and they can come in all shapes and sizes. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. that helped retail financial services businesses re-invent product offers online. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. 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. [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. Do you have any influences that have inspired your entrepreneurial journey and how? 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. 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. 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. 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. 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. Climate change is no longer this vague thing: people are literally baking in India and Pakistan, he says. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? We are also able to license out Kraken to other energy companies, allowing them to make use of the same efficiencies. With the pandemic, we took the 15 years it usually takes to make a vaccine, and did it in less than a year. 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 Jackson starts each day by flicking on the radio and scrunching into his bath. [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. 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. Octopus Energy Group operates a wide range of business divisions, including Octopus Energy Retail, Octopus Energy for Business, Octopus Energy Services, Octopus Electric Vehicles, Octopus Energy Generation, Octopus Hydrogen, Kraken, Kraken Flex and the not-for-profit Centre for Net Zero. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. 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. [18] The same month saw the launch of London Power, a partnership with the Mayor of London. 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. 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. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. [4] Greg Jackson is the founder of the company and holds the position of chief executive. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. [3][4][5][6] Jackson has trained many successful fighters, including former UFC Light Heavyweight Champion Jon Jones, former UFC Welterweight Champion Georges St-Pierre, former UFC Women's Bantamweight Champion Holly Holm, former Light Heavyweight Champion Rashad Evans, and a roster of other UFC contenders and World Extreme Cagefighting champions. 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. Before Octopus he ran a business with Octopus' founder and CEO Greg Jackson (no relation, honestly!) Mohamed Abubakar, his wife Rasha Al-Buriahi and their four children all sleep and eat in the same room. [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 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. In 2006, he sold a customer relationship tech business for 4.5m. Theyve secured excellent leasing rates on leading EVs, designed a great EV salary sacrifice scheme to help businesses increase the uptake of EVs, created energy tariffs designed specifically for EV drivers, and have partnered with smart charging tech companies to enable customers to access cheap and green energy rates with ease. . The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents 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 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. He writes on a range of topics including inflation, Brexit, the Bank of England, the world of work and the cost of living crisis. Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. 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'. 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 began his working life as a video games programmer and always fancied a stint as a motorcycle courier (electric, of course).. [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. Jackson, 50, grew up near Middlesbrough. Growth? [20], In November 2020 Octopus acquired Manchester-based smart grid energy software company Upside Energy, which in June 2021 rebranded as KrakenFlex. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. 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. 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. 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. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. Rebecca is a highly experienced marketer and known for breathing new life into technology products. 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. Octopus Energy Ltd is a company registered in England and Wales. 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. 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. If you could do it all over again what would you do differently in your entrepreneurial journey? [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. 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. Hello Greg, and thank you for taking the time our to participate in this interview. [5], By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. [5], In December 2021, Octopus Energy announced a long-term partnership with Canada Pension Plan Investment Board, raising US$300m and taking the valuation of Octopus Energy Group to approximately $5bn. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. 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. There was a problem! Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. 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. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. 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. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. We are doing the same thing in clean, green energy. Sign up to receive information regarding NS events, subscription offers & product updates. 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. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. 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 mop-topped energy boss, dressed in grey T-shirt and jeans, has become the acceptable face of a pariah industry. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. 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. Her work focused on making essential services sustainable, high quality and affordable. [49], In January 2021, Octopus acquired two 73 metre (240') wind turbines to power their 'Fan Club' tariff, which offers households living near its turbines cheaper electricity prices when the wind is blowing strongly. 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. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. 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 Refresh Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. Were in a double crisis now: a cost crisis, and a carbon crisis. He has never taken a bonus, and owns a 6% stake, worth about 240m. There is growing evidence that diverse workforces are more productive than non-diverse workforces. 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. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. [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. 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greg jackson octopus wife
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