Great British Energy’s start-up board is meeting in Aberdeen today to map out its investment strategy and drive forward the government’s mission to make Britain a clean energy superpower.
The publicly owned company, expected to be backed by £8.3 billion, will invest in homegrown renewables to create jobs and boost energy security. With an eye on rapid deployment, it is already in talks with industry to identify investment opportunities.
Energy Minister Michael Shanks, who is chairing the meeting alongside Start-up Chair Juergen Maier, said Great British Energy will be a game changer for the UK’s energy transition.
“We now have a fantastic team in place to lead Great British Energy and establish the company in Aberdeen,” Shanks said. “By unlocking homegrown clean power projects, Great British Energy will support thousands of well-paid jobs in Scotland and across the country, and deliver energy security for the British people.”
The company has hit the headlines for the wrong reasons, with some saying its funding is already under threat and confusion from Maier over whether it will deliver on jobs and cutting bills
However today he was more bullish: “We are working on a plan to invest in and deliver homegrown clean power, supporting the next generation of energy jobs. We are already engaging with industry on exciting investment opportunities so we can hit the ground running once Great British Energy is fully established.”
The company will target strategic investments in renewables and supply chains, particularly in Scotland’s energy hubs, to support new technologies and drive economic growth.
