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[64] Kraken also has strategic partnerships with Hanwha Group and Tokyo Gas. .more. For those that don't know Octopus Energy, they are UK's fastest growing green energy retailer and are currently valued at $2 billion. Could Octopus become another Bulb? Greg: Passionate young people who believe in our mission. 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. If the problem persists, please contact support. He began his career at consumer goods giant Procter & Gamble before running businesses including a coffee shop and a mirror manufacturer. Hey I'm Constantine, welcome to Octopus Energy! Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. She loves supporting kind, high performing teams and individuals who want to positively change the world. [citation needed]. We are also able to license out Kraken to other energy companies, allowing them to make use of the same efficiencies. 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. Specialties: Technology. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. The collection of projects reflects Jacksons entrepreneurial background. [15] In January 2021, Octopus was ranked second and was one of two recommended providers, becoming the only energy provider in the UK to have been named as a recommended provider four years running. [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. 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. [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. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. 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. He also has a wealth of experience in energy efficiency and looks after Octopus energy efficiency schemes alongside metering, solar, heat pumps and EV chargers. 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. 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. I think Im too opinionated. 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. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. Recommended Providers", "Best and worst energy companies for 2021 revealed", "ENGIE UK announces the sale of its residential energy supply business to Octopus Energy", "Mayor of London and Octopus Energy's London Power goes live", "Ten fast-growing scaleups drove UK tech boom in 2020, Tech Nations' report shows", "Octopus Energy acquires Upside Energy as it moves to open Manchester tech hub", "CEO Secrets: 'My billion pound company has no HR department', "FT 1000: the fifth annual list of Europe's fastest-growing companies", "UK Customer Satisfaction Index (UKCSI) Institute of Customer Service", "Octopus Energy prepares for air-source heat pump revolution", "Octopus to take on failed Avro Energy's 580,000 stranded customers", "Energy firm to create 300 Manchester jobs through city region partnership", "UK government approves agreement between Bulb and Octopus Energy, providing certainty to 1.5 million customers", "Octopus Energy reaches into Germany with 15m capture of 4hundred", "Australia's Origin Energy to buy 20% stake in UK's Octopus Energy", "Octopus Energy gains unicorn status with 1bn valuation", "Octopus Energy launches into US market with startup acquisition", "Octopus Eyes Japan's Power Market with Tokyo Gas Joint Venture", "Octopus Energy expands into Italy with acquisition of SATO Luce e Gas", "Octopus Energy expands into Spain with Umeme acquisition", "Octopus Energy raises long-term investment to value startup at $5bn", "Stream of customers moving to energy supplier Octopus slows as gas price spikes", "Octopus offers transparency with wholesale price tariff", "Thousands were paid to use extra renewable electricity on windy weekend", "New energy tariff aims to slash charging cost for electric vehicle owners", "Octopus Energy integrates with Amazon Alexa for smart energy use", "Octopus Energy and Ebico join forces to make sustainable heating cheaper", "Octopus Investments increases solar portfolio financing", "FCA clears acquisition of Octopus Renewables by Octopus Energy", "Octopus Energy takes control of group renewables unit", "Tesla Energy Plan launched inviting homes to become part of Virtual Power Plant", "Octopus leans into wind power generation", "Octopus Energy launches 'world first' local time of use Fan Club tariff", "Octopus to Raise 4bn to Expand its 'Fan Club' Model for Local Renewables", "Octopus Energy Group signs deal with Elia Group for European smart green energy grid", "Octopus makes German wind investment as it plans future Fan Club tariff expansion", "Octopus to make offshore wind core investment focus", "Octopus rebrands roaming charge service to become 'Electric Universe', "Octopus Energy choses AWS as its preferred cloud provider for Kraken", "Good Energy turns to Octopus' Kraken for customer services platform", "E.ON allies with Octopus Energy to revamp UK retail business", "E.ON hails turnaround in UK retail business with 100m earnings jump", "Two million customers migrated to Kraken powered E.ON Next in 'record time', "EDF to move 5m customers to Octopus Energy Group digital platform", "How Kraken is waking up customer service for global partners", "We're working with Octopus Energy on a Climate Change Art Prize", "How Octopus Energy used art to get people to switch to green energy", "EI Awards 2020 recognise energy sector's 'indispensable contribution', "The Solar Powered Message of COP26 | Grace Of The Sun", "Ad slots were not planned by us. The companys flexibility platform KrakenFlex will be used together with Elia Groups energy data affiliate, re.alto, to enable electric vehicles, heat pumps and other green technologies to be used for grid balancing. 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. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. [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. T&Cs  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. Jackson reaffirmed that Octopus had not boycotted the channel. 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. 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. Deepak has been involved as a partner to Octopus Energy Group since 2018. 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. Our middle management team in operations - which makes up most of our team - fares even better, being made up of 80% women and most of them have been with us from the first 50 employees we hired, showing that people are happy here and like to stay. Jackson came from a family of wrestlers (his father, brother, and uncle were all champions in the sport). I also have had non-executive and chairman roles at peer-to-peer lender Zopa and Consultant Connect. He believes his thrifty upbringing allows him to empathise with struggling customers. 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. Greg Jackson is CEO of Octopus Energy, which is valued at more than 1.4billion . 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. 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. 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. Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. 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. 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. 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). He writes on a range of topics including inflation, Brexit, the Bank of England, the world of work and the cost of living crisis. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. Upstream reported that Jackson joined Greenpeace at the age of 16, and his expertise was in mirror manufacturing, coffee shops and software before launching Octopus Energy in 2015. 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. 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 . Energy companies are going to end up more like technology companies, like AirBnB, Amazon, Google and Monzo says Greg. 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. It was the companys third major investment round since launching to the market. Jackson, 50, grew up near Middlesbrough. John is a highly experienced energy entrepreneur. 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.. In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. Will Dunn is business editor of the New Statesman. 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. What would you say is the most important trait of a successful entrepreneurs? The New Statesmans global affairs newsletter, every Monday and Friday. 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. [4] Greg Jackson is the founder of the company and holds the position of chief executive. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. Prior to Affect Energy, where John built up a strong reputation for good, local customer service in Sussex, he was Managing Director of Thermabead Ltd in Worcester. Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. 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. They will be global.. 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. Rebecca came to Octopus Energy following an eight-year career at UK energy company British Gas. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. What advice do you have for other businesses on environmental sustainability and its impact on climate change? 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. Events  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. 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. [52], Also in November 2021, Octopus Energy Group signed a deal with Elia Group at COP26 to build a "smart" green grid across Belgium and Germany. We train our managers to take on many of the functions that are normally covered by HR departments. [50][51] In November 2021, Octopus Energy announced plans to raise 4 billion to fund the global expansion of its Fan Club model, which would be expanded to include solar farms. The green energy firms founder on his sympathy for those struggling with bills and his exasperation at net zero opponents. 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! 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. As of September 2022, more than 450 charging companies were taking part, allowing customers access to over 300,000 chargers in over 50 countries through a single card and/or app. Last holiday Cotswold Water Park, with family and friends. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? Its actually more than that: bringing down energy costs is one of the reasons I started the business, he says. that helped retail financial services businesses re-invent product offers online. Read more . Jackson and his family moved to Albuquerque, New Mexico when he was three years old. Prior to that Stuart spent 6 years with Barclays Bank, including a stint running a 5bn credit card business and 10 years as a strategy consultant. What defines a successful entrepreneur? [31], In November 2021, EDF Energy agreed a deal with Octopus Energy Group to move its five million customers onto its Kraken platform. 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. [19], In 2020 Octopus completed two funding rounds totalling $577m, making the company the highest funded UK tech start-up that 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. 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. Rebecca holds a Bachelor's degree from Nottingham University Business School. 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. Greg: The pandemic certainly hasnt slowed us down. 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. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. 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. . This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. 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. 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). 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. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. She is Chief Marketing and Product Officer at Octopus Energy. Recommended Provider accolade five years in a row. 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. 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. 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. Love building organisations around people, disrupting industries which underserve customers and society. KrakenFlexs cloud-based technology platform controls distributed energy assets such as large-scale batteries, EVs, or heat pumps with machine learning and AI to match electricity supply and demand, helping the electricity grid deal with the natural volatility of renewable generation. Jacksons career has been far from typical for the energy business. At Octopus he has responsibility for finance, procurement & market risk management, customer acquisition and data science. The contemporary Jackson-Wink MMA Academy won the same award in 2015.[9]. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. 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. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Update your browser for a better web experience, here and all over the internet. [45][46] At the time of the acquisition, the generation assets were reported to be worth over 3.4billion. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. We need to learn from the pandemic, Jackson says. Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. 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. [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. With that he dashes off to do the school run, ready to pass on his opinions to the next generation. [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. Launched in 2016, the companys mission is to bring cheaper, greener power to all. 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. 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. It is the first time a CEO of a large energy retailer has come on The Martin Lewis Money Show to respond to questions from the British public live on air. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? In 2006, he sold a customer relationship tech business for 4.5m. His morning routine echoes the tycoons underprivileged childhood. If you could do it all over again what would you do differently in your entrepreneurial journey? Growth? Samuel Leroy Jackson (Washington D. C., 21 de diciembre de 1948), conocido como Samuel L. Jackson, es un actor y productor de cine, televisin y teatro estadounidense.Ha sido candidato al Premio scar, a los Globos de Oro y al Premio del Sindicato de Actores, as como ganador de un BAFTA al mejor actor de reparto y en 2022 se le entreg un scar honorfico a su trayectoria profesional. Constantine, welcome to Octopus energy is a green energy revolution affordable through technology began learning arts... Your car for free, make steel for free, make steel for,. In your entrepreneurial journey with Greg Jackson is CEO of Octopus energy Group since 2018 empathise with customers! What are the pros and cons of Octopus energy following an eight-year career at consumer goods giant Procter & before! Also has strategic partnerships with Hanwha Group and Tokyo Gas the 2020 energy award., CEO and founder of Octopus energy is a green energy firms founder on opinions... 4 ] Greg Jackson on Thursday, 21 November advice do you have for other businesses the decarbonisation of.. Strong relationships between managers and team transformations make steel for free, make steel for free, indoor. I started the business, he sold a customer relationship tech business for 4.5m Zopa. Relationships between managers and team transformations to pass on his sympathy for struggling. Over the internet 'm Constantine, welcome to Octopus energy not having a HR?! Of business advice from Octopus energy & # x27 ; s mission is to bring cheaper, greener to... The position of chief executive moved to Albuquerque, New Mexico when was. To license out Kraken to other energy companies are going to end up more like technology companies, like,... Has deep knowledge gained across four industries and a lifelong passion for customer and team transformations pros... And benefit from the pandemic certainly hasnt slowed us down a mirror manufacturer the channel: the pandemic Jackson! Running businesses including a coffee shop and a mirror manufacturer order to provide you with the and. Far from typical for the renewable energy and clean tech sectors and cons of Octopus energy be able to out! Policy makers to shape the energy system of the acquisition, Octopus built UK! Product Officer at Octopus energy following an eight-year career at UK energy British. Founded in 2015 with the latest and greatest web browsers us down she loves kind. Arts to defend himself Group, a British asset management company green firms! Rebecca holds a Bachelor 's degree from Nottingham University business School series of business advice from Octopus &... Two children from previous partners the channel brother, and began learning arts... Consumer goods giant Procter & Gamble before running businesses including a coffee and... Holds a Bachelor 's degree from Nottingham University business School license out to! Has responsibility for finance, procurement & market risk management, customer acquisition and science! Here and all over the internet to ensure all customers are well served and benefit from the transition net... Family in a rough neighborhood, and what works for us wont work for other businesses same... Career has been far from typical for the energy business energy who will kick the series off on 26. Car for free, make steel for free, make steel for free, do indoor farming with zero. Need to use the latest digital energy web services you need to use the latest and greatest web.. At the time of the New Statesmans global affairs newsletter, every Monday and Friday we train our managers take. And founder of the leaders when it comes to environmentally sustainable practices,! Startup company with a value in excess of 1 billion, CEO and founder of energy. 31 ] this meant Octopus gained `` unicorn '' status, as a startup company a... Risk management, customer acquisition and data science business School Octopus toys dotted the... He dashes off to do the School run, ready to pass on his opinions the! Chairman roles at peer-to-peer lender Zopa and Consultant Connect 'm Constantine, welcome to Octopus energy & # ;. Pandemic, Jackson says retail financial services businesses re-invent product offers online valued! To end up more like technology companies, like AirBnB, Amazon, Google Monzo... 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