Analysis

July 26, 2024

What does GB Energy mean for climate tech?

GB Energy has £8.3bn to invest over the next five years, and hopes to mobilise a hefty £60bn of private capital on top of that


UK Prime Minister Keir Starmer.

GB Energy is one of the new UK government’s flagship policies: a state-owned company to increase renewable energy generation. The government’s set to put £8.3bn into the company over the next five years and it hopes to mobilise a hefty £60bn of private capital on top of that. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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