The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. 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. Nov 2, 2022. A relaxed evening talking with Greg Jackson, the founder and Phil Steele Future Technology Evangelist of Octopus Energy.You can email the Octopus team as ref. 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. What would you say is the most important trait of a successful entrepreneurs? [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. Greg is also a strong advocate of maintaining a good work-life balance with his work-life blend, which to him means creating a symbiotic, rather than a compartmentalised relationship between his various work commitments and personal life, so he can remain present in all of them. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. [32] In September of that year, Octopus acquired Evolve Energy, a US Silicon Valley-based start-up, in a $5m deal. Mohamed Abubakar, his wife Rasha Al-Buriahi and their four children all sleep and eat in the same room. [58], Octopus Energy licenses their proprietary customer management system called Kraken, which runs on Amazon's cloud computing service. 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. She is Chief Marketing and Product Officer at Octopus Energy. [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. Read more . The only energy supplier Which? Octopus began talking to Gores team two years ago. [74], "Octopus Energy sees 160% jump in revenue but still records loss due to 'relentless investment', "Blame game begins after the failure of Bulb Energy", "Al Gore's firm buys 483m stake in Octopus Energy Group", "Octopus Energy to take on 100,000 Iresa customers", "M&S cuts ties with Big Six as it partners with Octopus for new energy brand", "Hanwha Reveals Plans of Launching "Next Generation" 100% Renewable Energy Retailer in Australia", "Hanwha Group chooses Octopus Energy technology platform for Aussie launch", "Octopus Energy and Co-op Energy confirm major 'strategic energy partnership', "About our partnership with Co-op Energy, including Flow Energy and GB Energy", "Energy Companies: Which? 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. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. Now his mission is to turn Britain on to renewables, despite the efforts of a small noisy group, including Nigel Farage, attacking net zero goals. 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]. Rachel joined Octopus Energy in 2021, bringing with her a wealth of knowledge following more than two decades of experience in energy regulation. The other key difference between Octopus and other utilities companies is technology. Registered number: 09263424. We also create industry leading technology that allows relentless efficiency and world class customer service, enabling us to retain our customers and keep them happy. If the problem persists, please contact support. What impact has the pandemic had on Octopus Energy and how have they navigated this? Jackson, 50, grew up near Middlesbrough. 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. 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. Greg: Believe it or not, I dropped out of school at 16 to start creating video games before eventually going to Cambridge University. [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. 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. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents Prior to joining Octopus Energy as Director of Operations, Tara spent three years at Tesla helping scale their service organisation in the UK & Benelux and as Country Manager for the UK. 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. 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. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. consumer organisation. 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. Greg Jackson and his gyms have won five World MMA Awards altogether. We need to learn from the pandemic, Jackson says. [25], In 2021, Octopus built the UK's first R&D and training centre for the decarbonisation of heat. 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. Weve never made a profit and were going to, but weve ploughed everything were going to make into customer support so were not going to make one this year, he says. The plan allows households to become part of the UK Tesla Virtual Power Plant, which connects a network homes that generate, store and return electricity to grid at peak times. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. 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. Hey I'm Constantine, welcome to Octopus Energy! Stuart has a degree in Economics from Cambridge University. 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. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. 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. In 2010, Jackson released another instructional book about his ground fighting style called Jackson's MMA - The Ground Game. 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. Following his CTO role at Tangent plc, James & the other founders thought up Kraken, a technology platform that would rival all others in the energy market. Rebecca came to Octopus Energy following an eight-year career at UK energy company British Gas. 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. [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. Deepak Ravindran moved over to lead Kraken Utilities from Boston Consulting Group (BCG) in 2022. The company also supplies software services to other energy suppliers. 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. You have cofounded a number of companies over the last 20 plus years, so its fair to say you are a serial entrepreneur. 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. Plm was subsequently rebranded as Octopus Energy France. Greg Jackson, Founder & CEO. Before joining Octopus, Rachel served as the Chief Executive of Ofwat, the UK's water regulator, and as a Senior Partner and Board member of Ofgem, the UK energy regulator. Jackson grew up in a rough neighborhood, and began learning martial arts to defend himself. 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. The UKs biggest energy companies might shrug off such strident criticism from a campaigner, but Octopus has rapidly ascended to challenge what Jackson, 50, calls the lazy oligopoly of the big six. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. Or whether we organise a boycott of you". Climate change is no longer this vague thing: people are literally baking in India and Pakistan, he says. [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. 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. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? [31] This meant Octopus gained "unicorn" status, as a startup company with a value in excess of 1 billion. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. [37], In January 2022 Octopus Energy entered the French market with the acquisition of Plm nergie, a French energy start-up with 100,000 retail and corporate accounts. He writes on a range of topics including inflation, Brexit, the Bank of England, the world of work and the cost of living crisis. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. Now we see this as a national security issue as well if thats not the final nail I dont know what to do.. 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? 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 There was a problem! Education Huntcliff secondary school in Saltburn-by-the-Sea, east of Middlesbrough (left at 16); wrote video games software before returning to do A-levels; economics degree at Pembroke College, Cambridge. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday.
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