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. [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. [65], In 2019 Octopus launched a 'Portraits from the Precipice' campaign, which sought to raise awareness of climate change and encouraged customers to switch to greener energy deals. Will Dunn is business editor of the New Statesman. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. You cant become a car dealer if you havent got the money to buy cars, says Jackson, exasperated. What advice do you have for other businesses on environmental sustainability and its impact on climate change? There was a problem! 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. 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! We need to work like that now on the clean energy system., Jackson accuses the management of the UK energy grid as being stuck in the past, describing the National Grid as a monopoly and its control room as like a minicab office. [19], In 2020 Octopus completed two funding rounds totalling $577m, making the company the highest funded UK tech start-up that year. Do you have any influences that have inspired your entrepreneurial journey and how? 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. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. Pay Minimum wage; Jackson gave up his 150,000 salary when the energy crisis began last autumn, donating the rest of his original salary to Octopuss staff welfare and its financial hardship fund, Octo Assist. [27], In November 2021, Octopus announced in Manchester that it had signed a deal with the city region as part of a bid to become carbon neutral by 2038. 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. In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. 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. 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. 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. Greg is an experienced digital entrepreneur, passionate about using technology to make positive change. [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. After his parents split, his mother worked as a barmaid and later studied while on benefits. In your view what does it mean to be an entrepreneur and are all entrepreneurs businessmen or women? [23], In March 2021 the Financial Times listed Octopus at number 23 on their list of the fastest growing companies in Europe. It could cost taxpayers 2bn. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. The contemporary Jackson-Wink MMA Academy won the same award in 2015.[9]. Jackson, 50, grew up near Middlesbrough. With the crisis that toppled so many suppliers continuing to rage, Jackson thinks the chancellor, Rishi Sunak, is right to plough 15bn into addressing the cost of living: It makes economic sense for the government to find ways to bring bills and inflation down. T&Cs [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. 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 Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. People thought electric vehicles wouldnt take off but look at Tesla now. Stuart Jackson is the Co-Founder and Chief Financial Officer of Octopus Energy. 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.. Deepak Ravindran moved over to lead Kraken Utilities from Boston Consulting Group (BCG) in 2022. 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. You cant centrally plan a system thats got 20 million electric cars, two million houses with solar panels, a million houses with batteries, and 5,000 large-scale wind and solar farms.. 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. 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. Greg Jackson, Founder & CEO. We want a similar effort to the vaccine rollout, says Jackson, sweeping bags of Frazzles aside. 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. 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. 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 [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. [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. 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. As 31 energy firms went bust since the start of last year, public ire has been directed at the bosses of failed challengers. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? Greg Jackson on Twitter: "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 channel So, 15,108x more on progressive stuff More soon, but hope perspective helps." / Twitter. Read more . [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. [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. Recommended Provider accolade five years in a row. Its technology platform Kraken also achieves dramatically lower cost to serve than rivals, so cheaper, green power is delivered hand in hand with unbeaten customer satisfaction levels. The engineering part only takes a year.. Greg Jackson founded Octopus Energy in 2015 with a view to using technology to make the green energy revolution faster and cheaper for consumers. Greg Jackson - Founder, CEO @ Octopus Energy - Crunchbase Person Profile Oops! 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. [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. Is it profit, value or something else? Since our interview, Octopus has rejoined the race, submitting a last-minute bid. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. 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. James has been instrumental in the creation of Octopus Energys proprietary technology, digital-first offerings and its global expansion. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Origin invested a further $50m at the same time, to maintain its 20% stake. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. [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. 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. Contact. [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. After graduating I joined Procter & Gamble and went through management training, owned and turned around a number of small ventures, and I even managed a factory that made and sold Mirrors at one point. 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. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. Launched in 2016, the company's mission is to bring cheaper, greener power to all. With that he dashes off to do the school run, ready to pass on his opinions to the next generation. [1] 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. 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. Greg Jackson is the founder and CEO of Octopus Energy Group, the energy technology group with 3.5 million customers globally, operations in 14 countries and a 4.4bn portfolio of renewable energy assets. 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. 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. Were nothing like Bulb.. 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. 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. 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. 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. What would you say is the most important trait of a successful entrepreneurs? 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. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. His school officially turned into an MMA school in 2000. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. 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. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. You can meet Greg Jackson and hear more about where he got where he is today at My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. 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 . 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. What we have to do now is a million times more complicated., The result of this simplified central planning could be seen the previous week, when electricity prices were colossally high, we were having to use lots of back-up supplies [and] we were literally paying wind generators in Scotland to turn off, because there werent enough cables connecting Scotland, where the electricity was being generated, to England, where we needed it., The solution, he says, is for the energy grid to become more like the internet. 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]. Internally its called Winder (wind-Tinder, geddit?). 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 . [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. Octopus Energy is also a leading investor in solar and wind energy, managing a 3.4bn portfolio of renewable energy assets across Europe. The migration was hailed as being responsible for E.ON's financial recovery in the UK. Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. I read an article recently where you said Octopus Energy dont have a HR department. Were in a double crisis now: a cost crisis, and a carbon crisis. [5], By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. I also have had non-executive and chairman roles at peer-to-peer lender Zopa and Consultant Connect. On February 5, 2013, Jackson signed with Bellator to coach on the promotion's reality series titled Fight Master: Bellator MMA.[10]. Or the F-word., Original reporting and incisive analysis, direct from the Guardian every morning, Octopus Energys Greg Jackson: Climate change is no longer this vague thing, Greg Jackson: We want a similar effort [on renewables] to the vaccine rollout.. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Until recently, he was also a non-executive Director for Zopa, the global pioneer of online peer to peer lending that is now Moneysupernarkets largest non-high street lender and is growing rapidly. [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. He won the Coach of the Year award in 2009, 2010 and 2011. Greg: Passionate young people who believe in our mission. Profit? Weve raised 16 times more investment than Bulb did. Launched in 2016, the companys mission is 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. We train our managers to take on many of the functions that are normally covered by HR departments. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. Spaces are limited for this very special event so make sure you dont miss out by signing up here. Greg Jackson was grilled by viewers on profits, prices and electric blankets . What is the number one trait you look for in employees before recruiting them as part your team, and how has this requirement been integrated into the organisations culture and recruitment policy? Love building organisations around people, disrupting industries which underserve customers and society. 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. 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. I think Im too opinionated. 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. 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. 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. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. [24], In July 2021 Octopus rose 12 places on the UK Customer Service Index to 17th, making it the only energy company in the Top 50. Octopus Energy Ltd is a company registered in England and Wales. [26], In September 2021, Octopus was appointed as the Supplier of Last Resort (SOLR) for Avro Energy, acquiring Avro Energy's domestic customers and increasing their customer base to 3.1m customers. 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. She spent some time consulting for a FTSE 100 energy company, followed by a secondment to the Department for the Energy & Climate Change (DECC), and then launching market-leading connected home products - starting at British start-up Alert Me, who became part of the leading smart home provider Hive, a British Gas innovation. Deepak has been involved as a partner to Octopus Energy Group since 2018. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. 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. Energy companies are going to end up more like technology companies, like AirBnB, Amazon, Google and Monzo says Greg. It takes seven years to get a windfarm through the planning process and connected to the grid. 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. Jacksons career has been far from typical for the energy business. Quick and essential guide to domestic and global politics from the New Statesman's politics team. [66] The campaign artwork was exhibited at over 5,000 sites, making it the largest ever digital out-of-home (DOOH) art exhibition. 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. 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