Great British Energy
The question
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
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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