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[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. 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. [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. [20], In November 2020 Octopus acquired Manchester-based smart grid energy software company Upside Energy, which in June 2021 rebranded as KrakenFlex. Greg is an experienced digital entrepreneur, passionate about using technology to make positive change. What would you say are the most important traits business leaders should possess to be successful? Were nothing like Bulb.. [61] In May 2021 it was announced that E.ON had completed the migration of all two million former npower customers to its Kraken-powered E.ON Next customer service platform. Octopus Energy Group is a British renewable energy group specialising in sustainable energy. In 2019, Octopus stated that all its electricity came from renewable sources, and began to offer a "green" gas tariff with carbon offsetting. What defines a successful entrepreneur? 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. As a result, he was suspended from school for instigating fights on more than one occasion. 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. You need to ask yourself these questions when defining your success. 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. 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. The green energy firm's founder on his sympathy for those struggling with bills - and his exasperation at net zero opponents Deepak is a successful entrepreneur himself, taking the tech business he founded from concept to IPO. One department looks after Electric Juice, a service that lets customers add car-charging payments to their electricity bill. Hello Greg, and thank you for taking the time our to participate in this interview. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. Rachel holds a Bachelors degree in Economics from the University of Sussex, as well as a Masters in Economic and Politics from the University of Cambridge. Jackson has trained many successful fighters, including former UFC Light Heavyweight Champion Jon Jones, former UFC Welterweight Champion Georges St-Pierre, former UFC Women's Bantamweight Champion Holly Holm, former Light Heavyweight Champion Rashad Evans, and a roster of other UFC contenders and World Extr Fiona studied Engineering, Economics and Management at Oxford, and initially worked at BMW on a hydrogen fuel cell for an auxiliary power unit, as part of a hydrogen car that used a combustion engine. Greg: Octopus is unusual. All drivers can use the service, and Octopus Energy customers have the option of paying their charging costs through their domestic energy bills. [22], In February 2021, CEO Greg Jackson said on a BBC News interview that Octopus does not operate a human resources department. He has never taken a bonus, and owns a 6% stake, worth about 240m. [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. James has been instrumental in the creation of Octopus Energys proprietary technology, digital-first offerings and its global expansion. Mark Wahlberg's wife Rhea Durham shares sweet tribute to their daughter Grace on 13th birthday with snaps from . About   The last 12 months has been tough on a lot of businesses due to the COVID 19 pandemic. I also have had non-executive and chairman roles at peer-to-peer lender Zopa and Consultant Connect. The only energy supplier Which? Greg Jackson was born in Washington D.C. to Kris and Jim Jackson, who were Quakers originally from the Midwest. He began his career at consumer goods giant Procter & Gamble before running businesses including a coffee shop and a mirror manufacturer. 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. [6] Later in 2018, Octopus gained the 100,000 customers of Iresa Limited, under Ofgem's "supplier of last resort" process, after Iresa ceased trading. [38], As of August 2021, the company has over 2.4 million domestic and business customers. Saturday: 8am - 10pm His school officially turned into an MMA school in 2000. John is a highly experienced energy entrepreneur. Were in a double crisis now: a cost crisis, and a carbon crisis. 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. 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. And I genuinely hope they all go on to great things, even if thats not necessarily at Octopus Energy. 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. I lived through rip-roaring inflation in the 1980s and double-digit interest rates. . Greg: The pandemic certainly hasnt slowed us down. 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. Last holiday Cotswold Water Park, with family and friends. 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. Greg: Dont get me wrong, profit and value are incredibly important to a companys life-cycle, but happiness should be put above all else. The boss has now stated that it has "never . The first nail in the coffin should have been climate change, then it should have been the fact that renewables are now cheaper than fossil fuels. [65], In 2019 Octopus launched a 'Portraits from the Precipice' campaign, which sought to raise awareness of climate change and encouraged customers to switch to greener energy deals. Plm was subsequently rebranded as Octopus Energy France. Octopus Energy is a green energy company and one of the leaders when it comes to environmentally sustainable practices. I want them to feel happy and fulfilled by the work they do. Octopus Energy Ltd is a company registered in England and Wales. Since our interview, Octopus has rejoined the race, submitting a last-minute bid. Prior to joining Octopus Energy, Lara worked at US-based Opower, a customer engagement start-up and pioneer of Behavioural Energy Efficiency. The New Statesmans global affairs newsletter, every Monday and Friday. Greg: I have a strong desire for my colleagues to be successful. Energy companies around the world still maintain that natural gas (perhaps cleaned up with a puff of hydrogen) is the transition fuel that will take us to net zero. My Entrepreneurial Journey with Greg Jackson on Thursday, 21 November. 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. [14] In January 2020, Octopus was ranked first in a Which? 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. [citation needed]. [55], Octopus Renewables is contracted as the investment manager for Octopus Renewables Infrastructure Trust, an investment trust established in 2019 which owns wind and solar generation in the UK, Europe and Australia. 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. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? 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. We speak to Greg Jackson, CEO of Octopus Energy Group, the technology-to-investment energy platform, about the importance of government intervention in energy policy, the role of technology, and how a greener future could be nearer than we think. Update your browser for a better web experience, here and all over the internet. Her work focused on making essential services sustainable, high quality and affordable. 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. 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. Greg: The desire for their colleagues to be happy and successful. Energy companies are going to end up more like technology companies, like AirBnB, Amazon, Google and Monzo says Greg. Rebecca holds a Bachelor's degree from Nottingham University Business School. And I'll let you know if we want your ads. [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. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. 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. Jackson said that Octopus would be monitoring GB News content to ensure the channel would not be in breach of Octopus' advertising policy. After his parents split, his mother worked as a barmaid and later studied while on benefits. She has deep knowledge gained across four industries and a lifelong passion for customer and team transformations. Will Dunn is business editor of the New Statesman. These include: In March 2019, Octopus announced it had partnered with Amazon's Alexa virtual assistant, to optimise home energy use through the Agile Octopus time-of-use tariff. Clem Cowton is Director of External Affairs at Octopus Energy, heading up the company's advocacy on policy, government affairs and Net Zero. As a company we are completely digital, so we asked everybody to take their laptops home on Friday, and when lockdown was announced on Monday, our team just plugged the headsets into their laptops and continued working as usual. Events  With the pandemic, we took the 15 years it usually takes to make a vaccine, and did it in less than a year. [34], In August 2021, Octopus entered the Spanish market with the acquisition of green energy start-up Umeme. In regards to your global expansion plans, Octopus Energy is currently located in three continents, do you have any plans of expanding into Africa or acquiring any green energy businesses in Africa? 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. 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. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. 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