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Updated January, 2023

Are people working at your company happy? Octopus and Tokyo Gas agreed to launch the Octopus brand in Japan via a 30:70 joint venture to provide electricity from renewable sources, amongst other services. survey and was one of three recommended providers. Everyone wants to talk about the transition fuel maybe a 20 per cent hydrogen mix in our gas supplies, that kind of thing Even if the hydrogen was zero-carbon which, by the way, the creation of hydrogen so far in the UK at scale is definitely not it would only reduce the carbon emissions of gas by 6-8 per cent because of the lower energy density, [and] it would put bills up dramatically, because hydrogen is a lot more expensive. Clem led Octopus Energys campaign for an energy price cap and has worked closely with government to help drive policy for the decarbonisation of heat and support the transition to a more renewable grid. Update your browser for a better web experience, here and all over the internet. 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. Passionate, creative, innovative CEO, entrepreneur and investor. 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. Are you happy doing what youre doing? 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. 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. 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. The campaign won the 2020 Marketing Week Masters award for utilities, and the 2020 Energy Institute award for Public Engagement. Hey I'm Constantine, welcome to Octopus Energy! 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. [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. 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. 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? [38], As of August 2021, the company has over 2.4 million domestic and business customers. Greg: It might be a bit clich, but i definitely admire what Elon Musk has done. This blog is the second in a series of business advice from Octopus Energy's founder and CEO Greg Jackson. The migration was hailed as being responsible for E.ON's financial recovery in the UK. Jackson, 50, grew up near Middlesbrough. As a Senior Partner and Managing Director at BCG, Deepak gained extensive experience transforming legacy businesses through technology, working across the UK, Nordics, US, South East Asia and India. [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. Rumours are that he may be training Zack "The Assassin" Stiles, 16 year old, in the future. 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. [7] In 2007, Jackson teamed up with striking coach Mike Winkeljohn, which was a seminal moment for Jackson's academy; since then, the gym has been known as Jackson Wink MMA Academy (JW MMA Academy),[8] representing the partnership between Jackson and Winkeljohn. What impact has the pandemic had on Octopus Energy and how have they navigated this? His morning routine echoes the tycoons underprivileged childhood. Octopus Energy is currently value at $2 billion, how did this evaluation come about? She is Chief Marketing and Product Officer at Octopus Energy. Spaces are limited for this very special event so make sure you dont miss out by signing up here. [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. I want them to feel happy and fulfilled by the work they do. Origin invested a further $50m at the same time, to maintain its 20% stake. Or whether we organise a boycott of you". Greg: I have a strong desire for my colleagues to be successful. Octopus began talking to Gores team two years ago. If you could do it all over again what would you do differently in your entrepreneurial journey? After his parents split, his mother worked as a barmaid and later studied while on benefits. What advice do you have for aspiring entrepreneurs? 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. A day later, Generation Investment Management, a fund chaired by Al Gore, committed to a $600m investment in Octopus. 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. Saturday: 8am - 10pm 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. 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. 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). Greg Jackson starts each day by flicking on the radio and scrunching into his bath. 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. These are things we should do everything to avoid., He believes the energy crisis has underscored the need for Britain to move away from oil and gas. 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. There was a problem! With its smart tariffs proving customer appetite for flexibility, Octopus is pioneering a global system change to enable a cheaper, faster transition to renewables. 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. Registered office: UK House, 5th floor, 164-182 Oxford Street, London, W1D 1NN. With operations in the US, Japan, Germany, Spain, Italy, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global. Upon the acquisition, Octopus announced it was targeting a million Spanish energy accounts under its brand by 2027. It could cost taxpayers 2bn. 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. Octopus Energy Ltd is a company registered in England and Wales. Plm was subsequently rebranded as Octopus Energy France. 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. The engineering part only takes a year.. [43], In its early years the company did not generate gas or electricity, instead making purchases on the wholesale markets. [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. Devrim is the CEO of KrakenFlex, formerly Upside Energy, which joined the Octopus Energy Group in 2020 to add another layer of capabilities to Octopus's energy technology platform, 'Kraken'. We need to work like that now on the clean energy system., Jackson accuses the management of the UK energy grid as being stuck in the past, describing the National Grid as a monopoly and its control room as like a minicab office. Im just gobsmacked anyones opposing this., Does being a flag-bearer for green energy get him in hot water at dinner parties? 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. 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. What inspired this leadership technique and what are the pros and cons of Octopus Energy not having a HR department? Gregory Jackson is an American mixed martial arts trainer who co-owns Jackson Wink MMA Academy in Albuquerque, New Mexico, widely considered one of the top MMA training centers in the world. [70][71], In June 2021, Octopus suspended their advertising from the newly launched GB News television channel after the channel's first day of broadcasting, with CEO Greg Jackson stating "we are asking networks not to air our ads on new channels until we've seen their output for a period of time". [18] The same month saw the launch of London Power, a partnership with the Mayor of London. Currently, Octopus Energy has more than 750,000 customers with 100 per cent renewable electricity, despite only setting up three years ago. These days, Greg Jackson is the founder behind the only energy company recommended by Which?. Were in a double crisis now: a cost crisis, and a carbon crisis. Located in Slough, the centre will train 1000 heat pump engineers per year and develop new heating systems. You also cannot deny the sheer will and determination of Jeff Bezos, and how he has managed to create not only the worlds largest online shopping and delivery site, but also revolutionise cloud computing via AWS, something we have made huge use of with our business. [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. 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. [42], As part of their partnership agreed in August 2019, Midcounties Co-operative and Octopus established a joint venture to develop the UK's community energy market and encourage small-scale electricity generation. [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.

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