The Labour party said: “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 will have three initial priorities:
- Co-investing in new technologies: The focus on new technologies include floating offshore wind, tidal power and hydrogen
- Scale and accelerate mature technologies: Wind, solar and nuclear are the priorities here, as Great British Energy plans to “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…
