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. 8 Dislike Share Save. Growth? 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. [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. 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. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. Octopus Energy was established in August 2015 as a subsidiary of Octopus Capital Limited. 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. Greg: If I could change anything I would have trusted myself more, as I could have started Octopus Energy five years earlier than I did! 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? Its bollocks, Greg Jackson, the founder and CEO of Octopus Energy, replies, when I ask what he makes of this idea. The company also supplies software services to other energy suppliers. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. 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, To be the first to hear about our events, get immediate access to new podcast episodes, and hear news picked just for you . 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. 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.. It has enabled us to lower our costs to serve up to 75% compared to some of our competitors Thanks to Kraken, we are able to scale our customer service team quickly to take on new customers and keep them happy. Will Dunn is business editor of the New Statesman. Epitomising the agile leadership that is synonymous with disruptive businesses, Zoisa leads both the generation the business retail arm of Octopus Energy. 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. [6] Later in 2018, Octopus gained the 100,000 customers of Iresa Limited, under Ofgem's "supplier of last resort" process, after Iresa ceased trading. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Are you happy doing what youre doing? has recommended 5 years in a row. 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. There was a problem! James has been instrumental in the creation of Octopus Energys proprietary technology, digital-first offerings and its global expansion. John is a highly experienced energy entrepreneur. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. 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. We want a similar effort to the vaccine rollout, says Jackson, sweeping bags of Frazzles aside. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. 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. 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. [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. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. What would you say is the most important trait of a successful entrepreneurs? [28], In October 2022, Octopus reached an agreement to acquire Bulb Energy's 1.5 million customers. 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. [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. In 2019, Octopus stated that all its electricity came from renewable sources, and began to offer a "green" gas tariff with carbon offsetting. Or whether we organise a boycott of you". Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. 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. [5], By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. The migration was hailed as being responsible for E.ON's financial recovery in the UK. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. 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.. Jackson, 50, grew up near Middlesbrough. What advice do you have for other businesses on environmental sustainability and its impact on climate change? Saturday: 8am - 10pm [18] The same month saw the launch of London Power, a partnership with the Mayor of London. 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. Jackson explains need for market reform to move to renewable energy sooner. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. Last month Octopus pledged 50m to cut customer bills until Octobers price cap rise, part of a longer-term package worth 150m. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. 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. [64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. Family In a relationship; has two children from previous partners. 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. Rachels remit is to create the regulations and markets needed to achieve net zero quickly and affordably. 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. 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. 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. 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 . [35] As a result of these acquisitions, Octopus now has retail, generation or technology licences in 13 countries across four continents. [4] Greg Jackson is the founder of the company and holds the position of chief executive. Deepak Ravindran moved over to lead Kraken Utilities from Boston Consulting Group (BCG) in 2022. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. 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. Three Co-op brands were affected: Octopus acquired the customers of the GB Energy and Flow Energy brands, and began to operate the accounts of Co-op Energy customers on a white label basis, while Midcounties retained responsibility for acquiring new Co-op Energy customers. There is growing evidence that diverse workforces are more productive than non-diverse workforces. Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. A business leader is someone who doesnt look to make quick money, but really wants to change their industry for the better, do something different and lead from the front, rather than worry about what their competitors are doing. 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. Jackson applauds Boris Johnsons aspiration to make the UK the Saudi Arabia of wind, and believes such a project could transform our economy: If we build enough wind generation to meet our winter needs, nine months of the year were going to have unbelievably cheap electricity. [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. 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. Before starting KrakenFlex, Devrims professional career saw him take up executive roles with blue chip management consultancies and finance companies such as Publicis Sapient, Kearney and Lansdowne. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. 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. 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. [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. Rachel joined Octopus Energy in 2021, bringing with her a wealth of knowledge following more than two decades of experience in energy regulation. 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. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. 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. Please refresh the page and try again. His school officially turned into an MMA school in 2000. 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. You need to ask yourself these questions when defining your success. [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. Recommended Provider accolade five years in a row. In 2006, he sold a customer relationship tech business for 4.5m. 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. Weve raised 16 times more investment than Bulb did. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). 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. The New Statesmans global affairs newsletter, every Monday and Friday. Jon holds an MBA in Business Administration from La Trobe University and Chifley Business School. [59] It was first licensed by UK rival Good Energy in late 2019, for an initial three-year term, to manage its 300,000 customers. 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. The collection of projects reflects Jacksons entrepreneurial background. 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. Launched in 2016, the company's mission is to bring cheaper, greener power to all. The engineering part only takes a year.. 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. 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. Climate change is no longer this vague thing: people are literally baking in India and Pakistan, he says. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. 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]. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. What advice do you have for aspiring entrepreneurs? Octopus is also unusual in that, as well as selling to consumers, it derives more than half its value from the technology it licenses to other businesses in the UK and around the world (a model reminiscent of Amazon). Besides industry-standard fixed and variable tariffs, the company is known for innovative tariffs which are made possible by the national rollout of smart meters. How we work  We'll monitor any new channels (including this) before running ads and will only advertise if balanced and meets our policies", "As per my message, we didn't boycott - I wanted to see the channel and am true to my word", "GB News hails boycott victory - Full list of advertisers BACKING Andrew Neil's channel", "Octopus Energy's Greg Jackson: 'Climate change is no longer this vague thing', Timeline of the electricity supply industry, Department for Business, Energy and Industrial Strategy, Minister of State for Business, Energy and Clean Growth, Department for Environment, Food and Rural Affairs, Climate Change and Sustainable Energy Act 2006, Centre for Renewable Energy Systems Technology, Hadley Centre for Climate Prediction and Research, Association for the Conservation of Energy, Double Glazing & Conservatory Ombudsman Scheme, https://en.wikipedia.org/w/index.php?title=Octopus_Energy&oldid=1128995384, Electric power companies of the United Kingdom, Renewable resource companies established in 2015, Renewable energy companies of the United Kingdom, Articles with unsourced statements from October 2021, Articles containing potentially dated statements from September 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, Greg Jackson (CEO), Stuart Jackson (CFO), James Eddison (CTO), Zoisa North-Bond (CEO, Octopus Generation), Rebecca Dibb-Simkin (CMO), Peter Miller (Customer Experience) Fiona Howarth (CEO, Octopus Electric Vehicles), This page was last edited on 23 December 2022, at 02:23. We need to learn from the pandemic, Jackson says. 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. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. 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 Greg Jackson, Founder & CEO. Theyre not doing it because they care about the planet, and theyre not doing it because they care about bills.. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. Greg: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. Jackson declined to comment on it. Her work focused on making essential services sustainable, high quality and affordable. Rebecca holds a Bachelor's degree from Nottingham University Business School. Hey I'm Constantine, welcome to Octopus Energy! Nov 2, 2022. . The boss has now stated that it has "never . My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. [9], In 2018 Hanwha Energy Retail Australia (Nectr) chose the Kraken platform, developed by Octopus to provide billing, CRM and other technology services to support its launch into the Australian retail energy market. 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. Octopus Energy has a multi faceted business model, generating value from different revenue streams. Greg Jackson is the founder and CEO of Octopus Energy Group, which currently has over 3.1 million UK customers. Greg: The pandemic certainly hasnt slowed us down. 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