Internally its called Winder (wind-Tinder, geddit?). [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. Were in a double crisis now: a cost crisis, and a carbon crisis. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. 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. 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. 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. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. If you could do it all over again what would you do differently in your entrepreneurial journey? With the pandemic, we took the 15 years it usually takes to make a vaccine, and did it in less than a year. 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. Since relocating to the UK 7 years ago, Jon worked on the set-up of Bulb and later Octopus 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. Saturday: 8am - 10pm 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. 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. With that he dashes off to do the school run, ready to pass on his opinions to the next generation. 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. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. The project, which coincided with COP26, was realised in Glasgow through collaboration with the local art community, and was designed as a call for global leaders to invest in renewable energies such as solar PV, in order to power a sustainable future. The Kent areas where house prices rose the most in 2022. 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. Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . Fellow green energy group Bulb went bust last November and remains in special administration. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? Octopus took on 600,000 customers from bust Avro Energy last year, and Jackson accuses the administrators of arguing and quibbling over completely unimportant technical points. Rebecca holds a Bachelor's degree from Nottingham University Business School. 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. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). Were nothing like Bulb.. took on 600,000 customers from bust Avro Energy, a small noisy group, including Nigel Farage, attacking net zero goals. Jackson reaffirmed that Octopus had not boycotted the channel. Greg: Octopus is unusual. 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. 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. 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. 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. KrakenFlex is currently contracted to manage over 1,600 MW of power with further 2 GWs of renewable generation to come online through 2022. His school officially turned into an MMA school in 2000. We are doing the same thing in clean, green energy. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. 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. 464 views May 4, 2022 Greg Jackson is the founder and chief executive of Octopus Energy, one of the UK's fastest-growing energy companies. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. 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). The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. The company also supplies software services to other energy suppliers. We want a similar effort to the vaccine rollout, says Jackson, sweeping bags of Frazzles aside. 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. What is the secret behind the growth and success of Octopus Energy? . [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 is his magnum opus, taking on the tired, old energy market . Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. 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. 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? 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. 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. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. [12][13], In both 2018 and 2019, Octopus was the only energy supplier to earn "Recommended Provider" status from the Which? She is Chief Marketing and Product Officer at Octopus Energy. Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. We have a technology licensing business with big customers like E.ON and EDF, and weve invested in generation and a heat pump centre. At Octopus he has responsibility for finance, procurement & market risk management, customer acquisition and data science. 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. [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. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. Could Octopus become another Bulb? There was a problem! Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. Jackson said the size of the supplier with 1.5 million customers meant there was no viable route for the business to be taken on by a competitor before its collapse. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Love building organisations around people, disrupting industries which underserve customers and society. [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. John is a highly experienced energy entrepreneur. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. 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. 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. 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. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. What defines a successful entrepreneur? 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. Greg Jackson, Founder & CEO. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. 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 . 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. 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. The mop-topped energy boss, dressed in grey T-shirt and jeans, has become the acceptable face of a pariah industry. You have cofounded a number of companies over the last 20 plus years, so its fair to say you are a serial entrepreneur. Aside from that, every experience has helped in some way or another, and been a vital lesson to learn to get me where I am today. Her work focused on making essential services sustainable, high quality and affordable. 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. Before Bulbs collapse, Octopus flirted with taking over its rival. Greg: I have a strong desire for my colleagues to be successful. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. [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. A weekly newsletter helping you fit together the pieces of the global economic slowdown. 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.. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. I read an article recently where you said Octopus Energy dont have a HR department. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. His old gym, Greg Jackson Fighting Systems won the Gym of the Year award in 2009. [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. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. 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. 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. The engineering part only takes a year.. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. 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