GB Energy launches clean power projects in Aberdeen

A new energy company, GB Energy, is set to be headquartered in Aberdeen, as confirmed by BBC Scotland. This publicly-owned firm will focus on managing and operating clean power projects across the UK, without supplying power directly to homes. It aims to fund both new and existing clean technologies, including renewable energy projects, and will establish smaller satellite offices in other Scottish cities, potentially Glasgow and Edinburgh. The establishment of GB Energy aligns with Labour's election pledges, emphasizing the importance of clean energy initiatives. The company is expected to create a significant number of skilled jobs in Scotland, contributing to the local economy. Prime Minister Sir Keir Starmer is anticipated to make an official announcement regarding the company's headquarters in the near future. GB Energy will invest in various renewable energy sectors, including wind and solar projects, as well as innovative technologies like floating offshore windfarms, hydrogen production, carbon capture, and energy storage. The funding for these initiatives will come from an extended windfall tax on oil and gas companies, which Labour estimates could generate approximately £8.3 billion over the next five years. Labour has committed to not issuing new oil and gas licenses, while maintaining existing permits, reflecting a strategic shift towards sustainable energy solutions. This initiative is part of a broader effort to transition the UK towards cleaner energy sources, addressing climate change and reducing reliance on fossil fuels.