He believes his thrifty upbringing allows him to empathise with struggling customers. Octopus energy is the UK's fourth largest energy provider, which boss Greg Jackson says he started because people were "paying too much" on their bills. Following an IPO and acquisition by Oracle Utilities she moved to London with her family in 2018 before coming to Octopus Energy Group to lead global sales for Kraken Technologies. Octopus are on a mission to bring cheaper, greener power to all. Octopus founding team are from tech rather than energy backgrounds and are determinedly using technology to drive down prices, enable great service and drive towards a renewable future through the smart grid, which is essential to decarbonise affordably. 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 CEO Greg explains why standing charges are higher on new energy tariffs, and why electricity standing charges have gone up more than gas ones. [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. 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 . Our first guest is Greg Jackson, CEO and founder of Octopus Energy who will kick the series off on Thursday 26 January. 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. 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. Jackson, 50, grew up near Middlesbrough. After his parents split, his mother worked as a barmaid and later studied while on benefits. Greg Jackson was grilled by viewers on profits, prices and electric blankets . There was an unexpected issue while trying to process your request. Octopuss youthful workforce is poring over energy consumption charts and enthusing about that bespoke tech, called Kraken, which will now be licensed to other utility companies. 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. Our last question before ending this interview is around environmentally sustainable businesses and their impact on climate change. 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. Thats an amazing 658% growth in your domestic customer based alone, and within the span of 2 years. Greg Jackson is CEO/Founder at Octopus Energy Ltd. See Greg Jackson's compensation, career history, education, & memberships. 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. Greg Jackson, CEO Greg Jackson Founder Octopus Energy agrees $600m deal with former-VP Al Gore backed sustainable investment fund We're over the moon to be able to announce our $600 million partnership with Generation Investment Management, a sustainable investment fund, co-chaired by former US Vice-President and climate champion Al Gore. 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. Since our interview, Octopus has rejoined the race, submitting a last-minute bid. consumer organisation. [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? 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. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. Family In a relationship; has two children from previous partners. 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. Update your browser for a better web experience, here and all over the internet. 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. A weekly newsletter helping you fit together the pieces of the global economic slowdown. Jackson and his family moved to Albuquerque, New Mexico when he was three years old. We took the 15 years it usually takes to make a vaccine, and did it in less than a year. [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. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. 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. Support 100 years of independent journalism. [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. 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. We scaled the business by repeatedly cloning micro businesses, and what works for us wont work for other businesses. You are also expanding globally into Australia and Japan, making you one of the fastest growing green energy companies globally. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. He says it took years to find the 10m he needed to launch 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. Specialties: Technology. The only energy supplier Which? 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. 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. 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? 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. Greg is a serial tech entrepreneur and expert on all things business, having founded, sold and invested in a number of successful e-commerce businesses over the years. Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. It takes seven years to get a windfarm through the planning process and connected to the grid. Octopus Energy has a multi faceted business model, generating value from different revenue streams. 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.. [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. 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Greg Jackson founded Octopus Energy in 2015 with a view to using technology to make the green energy revolution faster and cheaper for consumers. Please refresh the page and try again. 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. 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 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. The migration was hailed as being responsible for E.ON's financial recovery in the UK. 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. survey and was one of three recommended providers. The other key difference between Octopus and other utilities companies is technology. 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. 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. Since launching in 2018, Zoisa's team has accrued 40,000 customers, from SMEs to large organisations such as Arsenal FC. The company also supplies software services to other energy suppliers.
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