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. 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). 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. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. [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 for Business works with companies to provide future-proof energy services, supplying them with 100% renewable and fairly priced power. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. His old gym, Greg Jackson Fighting Systems won the Gym of the Year award in 2009. 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. In your view what does it mean to be an entrepreneur and are all entrepreneurs businessmen or women? 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. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. 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. Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. We train our managers to take on many of the functions that are normally covered by HR departments. Please talk us through your operating business model, how it generates value and how this gives you a competitive edge in the retail energy market? [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. 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. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. [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. The division is also behind Octopus Energys Fan Club, a local energy tariff that provides cheaper energy when the wind blows. 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 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. 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. Greg Jackson, Founder & CEO. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. 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. Will Dunn is business editor of the New Statesman. . 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. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. "The cost of generating a green electron is already today dramatically cheaper than generating a fossil fuel electron" In the latest Inside Octopus, flex-perts Alex and Devrim discuss the path to a cheaper, smarter energy model through flexibility. 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. survey and was one of three recommended providers. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. [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. Sign up to receive information regarding NS events, subscription offers & product updates. took on 600,000 customers from bust Avro Energy, a small noisy group, including Nigel Farage, attacking net zero goals. The migration was hailed as being responsible for E.ON's financial recovery in the UK. 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. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. 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. How we work  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. Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show. Were nothing like Bulb.. The contemporary Jackson-Wink MMA Academy won the same award in 2015.[9]. 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. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. 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. 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 . As of September 2021 the company has over three million domestic and business customers, making it the fourth largest energy supplier Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. Profit? 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. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. Octopus's approach is certainly not for everyone. He now runs Octopus, the green energy supplier founded in 2015 and valued at 4bn, with more than 3 million customers in 14 countries and backers including former US vice-president Al Gore. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. We have already done this in countries like Australia, Germany, US, New Zealand and Japan, so we still have many more countries that could benefit from this technology and our business model. Having been in the industry for over 20 years, he has founded a number of businesses that he took to sale, including Affect Energy, which became part of the Octopus Energy Group in 2018. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. [44] In July 2021, Octopus acquired sister company Octopus Renewables which claims to be the UK's largest investor in solar farms, and also invests in wind power and anaerobic digesters. 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. John is a highly experienced energy entrepreneur. 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. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. Deepak Ravindran moved over to lead Kraken Utilities from Boston Consulting Group (BCG) in 2022. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. 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. [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. We need to learn from the pandemic, Jackson says. Are people working at your company happy? .more. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. Greg Jackson was grilled by viewers on profits, prices and electric blankets . Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. [18] The same month saw the launch of London Power, a partnership with the Mayor of London. [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. Headquartered in London, the company has operations in the UK, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. As a result, he was suspended from school for instigating fights on more than one occasion. 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. 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. His school officially turned into an MMA school in 2000. 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. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. The boss has now stated that it has "never . It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. KrakenFlex is currently contracted to manage over 1,600 MW of power with further 2 GWs of renewable generation to come online through 2022. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. She is Chief Marketing and Product Officer at Octopus Energy. Greg: Passionate young people who believe in our mission. 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. Update your browser for a better web experience, here and all over the internet. Events  Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero. Family In a relationship; has two children from previous partners. 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. Theres some blokes with phones, and what theyve always done is phoned up coal and gas power stations and told them to turn on and off. We are also able to license out Kraken to other energy companies, allowing them to make use of the same efficiencies. 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. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. There is growing evidence that diverse workforces are more productive than non-diverse workforces. 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. 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. 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. It is truly bonkers, he says, that the UK persists with a system in which central planners decide what cables are going to go where you can centrally plan a system thats got 100 power stations. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. 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. Rebecca is a highly experienced marketer and known for breathing new life into technology products. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? 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. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. 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. We are doing the same thing in clean, green energy. Greg: Weve been rapidly growing and in December closed our second financing round with Tokyo Gas and Origin Energy in 2020, which increased our valuation to more than $2 billion. 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. With the pandemic, we took the 15 years it usually takes to make a vaccine, and did it in less than a year. By 2030, Octopus aims to supply around 2.5 million households with green electricity through Fan Club schemes. 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. Energy companies are going to end up more like technology companies, like AirBnB, Amazon, Google and Monzo says Greg. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. [54] In June of that year, the group's fund management team bought the rights to develop the 35MW Gaishecke wind farm near Frankfurt, Germany. 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. On February 5, 2013, Jackson signed with Bellator to coach on the promotion's reality series titled Fight Master: Bellator MMA.[10]. 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 Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. Stuart has a degree in Economics from Cambridge University. A serial and successful entrepreneur before Octopus Energy, Gregs experience spans mirror manufacturing, coffee shops and multiple software ventures. 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.. Growth? Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? Weve raised 16 times more investment than Bulb did. 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. 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. If you could do it all over again what would you do differently in your entrepreneurial journey? Plm was subsequently rebranded as Octopus Energy France. 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. Greg Jackson starts each day by flicking on the radio and scrunching into his bath. Do you have any influences that have inspired your entrepreneurial journey and how? Refresh There, Rebecca was Head of Marketing for Dyno Rod, and Head of Product for Hive 2 Thermostats, one of the most sought-after energy products of its time. He began his working life as a video games programmer and always fancied a stint as a motorcycle courier (electric, of course).. As the Observer arrives at the headquarters near Oxford Circus, in central London, for our interview, Jackson cheerfully leaps up from his desk among the troops. After his parents split, his mother worked as a barmaid and later studied while on benefits. Prior to Octopus Energy, Zoisa was the UK Managing Director of the Dutch Utility, Eneco B.V. At Eneco, Zoisa helped grow the UKs renewable asset portfolio which consisted of more than 250MW of wind and solar projects, including a direct wire project with Honda of the UK Manufacturing Ltd. Eneco UK also supplied blue-chip companies such as Mars, Unilever, Heineken and AkzoNobel. Registered number: 09263424. After his parents split, his mother worked as a barmaid and later studied while on benefits. [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. Origin invested a further $50m at the same time, to maintain its 20% stake. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. 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. Octopus Energy Ltd is a company registered in England and Wales. What would you say is the most important trait of a successful entrepreneurs? 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