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.
History
Origins
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.