Great British Energy: Innovation
(asked on 30th July 2024) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, whether any of Great British Energy's 8.3bn budget will be spent on funding (a) the offshore renewable energy catapult and (b) other existing technology investment initiatives.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
Great British Energy will invest in, own and operate projects which will produce clean, cheap and homegrown energy and make Britain energy secure. It will be backed by a capitalisation of £8.3bn of new money over this Parliament.
Government will clarify the relationship between Great British Energy and existing technology investment schemes and initiatives, such as the Offshore Renewable Energy Catapult, in due course.