Clean Energy: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what estimate his Department has made of the potential share of Great British Energy’s portfolio to be allocated to early-stage clean energy technologies by 2030.
Answered by Michael Shanks
Great British Energy will begin investing in projects this year – kickstarting its work in the development of nascent, clean energy technologies and helping to deliver a secure, clean homegrown energy supply for the UK that will support skilled jobs and supply chains across the country.
The Statement of Strategic Priorities requires Great British Energy to look across the clean energy technology spectrum, including in established technologies and nascent technologies (Technology Readiness Levels 6-9). The government expects GBE to work towards building a portfolio that balances the UK’s short- and long-term clean energy needs, which also provides social value and generates a return.
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