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Great British Energy

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Description

Great British Energy will be owned by the British people, built by the British people and benefit the British people. It will be headquartered in Scotland, invest in clean energy across our country, and make the UK a world leader in floating offshore wind, nuclear power, and hydrogen.

Great British Energy's three initial priorities

Great British Energy will have three initial priorities working alongside private partners:

  • Co-investing in new technologies: Great British Energy will help speed up and scale the deployment of new technologies, with public investment helping to crowd in investment in areas like floating offshore wind, tidal power and hydrogen as they develop into mature technologies.
  • Scale and accelerate mature technologies: Great British Energy will also help scale and accelerate the roll-out of mature technologies, like wind, solar and nuclear. It will partner with existing private sector firms to speed up deployment of mature renewable technologies to meet our ambitious clean power timelines. It will also build organisational capability and expertise to deliver energy megaprojects like nuclear power stations, reducing project and construction risk.
  • Scale up municipal and community energy: GB Energy will partner with energy companies, local authorities and cooperatives to develop 8GWs small-scale and medium-scale community energy projects. Profits will flow directly back into local communities to cut bills, not to the shareholders of foreign companies. This will help to create a more decentralised energy system, with more local generation and ownership, and will help to create a more resilient energy system.

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Related news

£300 million Boost For UK Clean Energy Industry
24/04/2025
Great British Energy Announces First Major Project
21/03/2025
First Meeting of Great British Energy Board Members
19/03/2025
Dan McGrail Appointed Interim CEO of Great British Energy
21/02/2025
Great British Energy’s Start-up Board Appointed
20/01/2025
Chair of GBE Welcomed in Aberdeen By Key Representatives
21/10/2024
AREG Response to GB Energy Headquarters Announcement
24/09/2024
Great British Energy To Be Headquartered in Aberdeen
04/09/2024
Industry Partnership Critical to GB Energy Success Says OEUK
26/07/2024
GB Energy and Crown Estate to deliver on Jobs and Investment
25/07/2024

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