Great British Energy

(asked on 16th December 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps he is planning to take to ensure that Great British Energy will work in collaboration with (a) the National Wealth Fund and (b) Great British Nuclear.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 20th December 2024

Initially, while it is established, we expect Great British Energy’s (GBE) investment activity to be undertaken by the National Wealth Fund (NWF). This will enable GBE to invest quickly and draw on the NWF's experience and pipeline of projects. As GBE scales up, we will set out how the two institutions will collaborate and complement each other.

Great British Nuclear (GBN) will remain an independent sister company to GBE. The Government is considering how GBE and GBN can work best together to ensure that the UK achieves energy security and clean power whilst securing thousands of skilled jobs.

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