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Great British Energy

Great British Energy (GBE) is a publicly owned energy investment company in the United Kingdom. It was established by the Great British Energy Act 2025, which received royal assent on 15 May 2025, and is sponsored by the Department for Energy Security and Net Zero. GBE invests in and co-develops clean energy and energy storage projects, and supports community energy and related supply chains. It is headquartered in Aberdeen, Scotland.

According to government publications, GBE and Great British Energy – Nuclear are backed with up to £8.3 billion during the Parliament elected in 2024. Early activity has included a partnership with The Crown Estate on clean energy infrastructure.

The proposal for a publicly owned energy company named Great British Energy was announced by Keir Starmer at the Labour Party conference in September 2022. It was later set out as a key policy in the party’s 2024 general election manifesto.

The Great British Energy Act 2025 received royal assent on 15 May 2025. The Act established Great British Energy as a publicly owned energy investment company and provided for sponsorship by the Department for Energy Security and Net Zero.

Juergen Maier was appointed as Chair. Paul Addison was appointed as Director of Policy to lead the organisation’s initial strategy development and brand creation, playing a central role in establishing its operating model and supporting its launch phase.

In July 2024 the government and The Crown Estate announced a partnership intended to support the delivery of clean energy infrastructure and to help attract private investment. On the same day the Secretary of State confirmed the appointment of Jürgen Maier as start-up chair, recorded in a departmental notice and a Parliamentary written answer. In September 2024 the government announced that Great British Energy would be headquartered in Aberdeen, Scotland. The first Statement of Strategic Priorities required by the 2025 act was published on 16 September 2025.

The Great British Energy Act 2025 established Great British Energy as a publicly owned energy investment company and set the framework for its operation and oversight. The act provides that the company is not an agent or servant of the Crown and does not have Crown immunities. It sets out the company’s objects, including clean-energy production, distribution, storage and supply, measures to reduce greenhouse-gas emissions from fossil-fuel energy, support for energy efficiency and energy security, and supply-chain due-diligence measures.

The act enables the Secretary of State to provide financial assistance to the company. Assistance may take forms such as grants, loans, guarantees, equity and contracts, subject to applicable public-finance and subsidy-control rules. The Secretary of State must publish a Statement of Strategic Priorities for Great British Energy, and the company must publish strategic plans that respond to that statement. The Act also makes provision for ministerial directions, the laying of annual accounts before Parliament and periodic independent reviews of the company’s effectiveness. It extends across the United Kingdom and commenced on royal assent on 15 May 2025.

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