100% Green Electricity for 3 Million Customers and Counting — Michael Lee, CEO of Octopus Energy USA

PODCAST GUEST BIO:

Led by Michael Lee, Octopus Energy is a technology-driven, renewable energy retailer, directly supplying over 3 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $4.6 billion and is one of energy-tech’s fastest-growing private companies.

Michael is an entrepreneur who believes technology can unlock cleaner and cheaper electricity all while delighting the customer. His background is nearly a decade in renewable energy, including working on some of the first battery storage projects and developing solar solutions for Fortune 500's internationally. Michael is the co-founder of Evolve Energy, which was acquired by Octopus Energy in 2020. He has a background in finance and holds an MBA from Harvard.

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QUESTIONS THAT WE COVERED:

Business

• What does your company do? What makes you unique versus the competition?
• How are you funding your growth — e.g., revenue, VC, CVC, government grants, M&A? What are 1-2 lessons you’ve learned along the way?
• Outside of your current business, what other 1-2 climate or sustainability sectors seem like promising areas in which to start a business? What might those solutions look like?

Personal

• If you had to start over, what are 1-2 tips you’d give yourself in order to be faster, more effective, and higher impact?
• What are some habits and routines that keep you focused, healthy, and sane — e.g., meditations, exercise, productivity hacks?
• What recommendations do you have for our audience — books, podcasts, quotes, tools?
• What’s the nicest thing anyone has ever done for you — outside of your own family?

Closing

• Do you have any requests, announcements, or final advice for our listeners?

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PODCAST HOST:

Entrepreneurs for Impact is the only private mastermind community for growth-stage CEOs and investors fighting climate change. We’re on a mission to help climate leaders supercharge their impacts, share best practices, expand their networks, and reach their full potential.

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Today’s highly curated Mastermind members represent over $4B in market cap or assets under management, and are influencing corporate priorities and infrastructure much bigger than that.

Peer groups are led by Dr. Chris Wedding who brings $1B+ of investment experience, 60,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.

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