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 . [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. In our experience this leads to strong relationships between managers and team members, happier employees and higher productivity. [30], In May 2020, Australian electricity and gas supplier Origin Energy paid A$507 million for a 20% stake in Octopus. Greg Jackson, Founder & CEO. 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. 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. 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. Hey I'm Constantine, welcome to Octopus Energy! 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? 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. Were in a double crisis now: a cost crisis, and a carbon crisis. What would you say is the most important trait of a successful entrepreneurs? 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 also has a wealth of experience in energy efficiency and looks after Octopus energy efficiency schemes alongside metering, solar, heat pumps and EV chargers. 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. 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. Octopus are on a mission to bring cheaper, greener power to all. [4] Greg Jackson is the founder of the company and holds the position of chief executive. 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. 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. There is growing evidence that diverse workforces are more productive than non-diverse workforces. Whats your take on this concept and how diverse is your leadership ranks in Octopus Energy? She loves supporting kind, high performing teams and individuals who want to positively change the world. 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. 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. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. [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. 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. 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. Among the companies using Kraken is E.On, the second-largest electricity supplier in the UK. The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. Clem joined Octopus from a career in political consultancy for the renewable energy and clean tech sectors. He began his career at consumer goods giant Procter & Gamble before running businesses including a coffee shop and a mirror manufacturer. 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. [5], By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. 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. The boss of Octopus Energy has a small tub, which pleases him as it is efficient and fills quickly. [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. Sunday: 8am - 11pm, Interview with Entrepreneur - Greg Jackson - CEO of Octopus Energy. With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. 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. 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. 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. 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. [67] As a result of the campaign, Octopus registered a 163% increase in sign-ups and gained 37,000 customers. 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. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. reg Jackson starts each day by flicking on the radio and scrunching into his bath. Greg: Our proprietary technology platform, Kraken, enables our operating model and efficient customer service. Greg is an experienced digital entrepreneur, passionate about making the green energy revolution affordable through technology. [47][48], In October 2020, Octopus partnered with Tesla Energy to power the Tesla Energy Plan, which is designed to power a home with 100% clean energy either from solar panels or Octopus. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. KrakenFlex is currently contracted to manage over 1,600 MW of power with further 2 GWs of renewable generation to come online through 2022. 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. [26], In September 2021, Octopus was appointed as the Supplier of Last Resort (SOLR) for Avro Energy, acquiring Avro Energy's domestic customers and increasing their customer base to 3.1m customers. And I'll let you know if we want your ads. 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. Im just gobsmacked anyones opposing this., Does being a flag-bearer for green energy get him in hot water at dinner parties? Origin invested a further $50m at the same time, to maintain its 20% stake. We are also able to license out Kraken to other energy companies, allowing them to make use of the same efficiencies. There are bright pink octopus toys dotted around the half-full offices, and crisps and sweets on a communal table. Before Octopus he ran a business with Octopus' founder and CEO Greg Jackson (no relation, honestly!) Europe is going to go into this winter with more gas storage than last year, but if Russia stops sending gas to Europe, prices will skyrocket.. Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. 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. How much of your upbringing, surroundings and environment influenced your entrepreneurial journey? [72], Responding to Octopus Energy's decision on Twitter, Andrew Neil, founder of GB News, said "Let me know if you want to advertise. 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. 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. The New Statesmans weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Launched in 2016, Octopus Energy's mission is to bring cheaper, greener power to all through technology. 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. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. Nov 2, 2022. 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. 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. [56][57], The Electric Universe service, which aims to simplify public charging of electric vehicles, was launched in 2020 as Electric Juice and rebranded in 2022. Are people working at your company happy? The contemporary Jackson-Wink MMA Academy won the same award in 2015.[9]. [53], In January 2022, it was announced that Octopus Renewables had bought the Broons/Biterne-Sud wind farm in Cotes dArmor, northeast Brittany, France from Energiequelle for an undisclosed price. Recommended Provider accolade five years in a row. Double crisis now: a cost crisis, and a mirror manufacturer the most important trait a. Career at consumer goods giant Procter & Gamble before running businesses including a coffee and... Might be a bit clich, but I definitely admire what Elon Musk has done would! 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