Great British Energy (branded as GB Energy ) is a publicly owned energy investment company set up to back clean power projects. Established by the Great British Energy Act 2025 and headquartered in Aberdeen, it co-invests in renewables, storage and community energy schemes.
Labour pledged to base GB Energy in Scotland and the company is now headquartered in Aberdeen, with additional sites planned for Edinburgh and Glasgow as its remit and structure continue to take shape.
Backed by a UK Government commitment of around £8.3 billion over the course of this Parliament, GB Energy’s funding and long‑term role have already prompted political debate and scrutiny.
Read on for the latest GB Energy news, analysis, interviews and updates on its projects, investment plans and impact on Scotland’s energy sector.
Latest GB Energy news
As reported by The National, here is a selection of the latest GB Energy stories.
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Labour minister branded 'shameful' over GB Energy 1000 jobs claim Scotland receives 'pocket change' from new GB Energy fund in 'shameful token gesture' Files reveal new details about GB Energy's Aberdeen headquarters
What is GB Energy?
GB Energy is a publicly owned company Labour set up after winning the General Election in 2024. It is intended to help the development of clean energy to accelerate the decarbonisation of the electricity grid .
The Department for Energy Security and Net Zero said it would “strategically develop, invest in and ultimately own clean energy assets”. This ranges from national projects to community generation projects.
Labour had said that the company would generate and sell energy, but this was later retracted, with Keir Starmer saying it would actually be an "investment vehicle".
During the election, Labour pledged that they would cut household energy bills by £300 through the new company .
However, since Labour came to power in July 2024, the average customer has seen their energy bills rise significantly. The Ofgem price cap increased from £1,568 per year in July 2024 to £1,849 by April 2025 – a rise of £281 (18%) after Ofgem increased its price cap for a three consecutive quarters .
As of November 2025, GB Energy has 9 permanent employees at its Aberdeen headquarters and 15 staff on loan from government departments, with 96 additional roles being recruited.
GB Energy headquarters
GB Energy will be headquartered in Aberdeen, with two additional sites set to open in Edinburgh and Glasgow once the firm is up and running .
The company will be located in government buildings in these cities while permanent bases are established.
Prime Minister Kier Starmer said last September that "the future of British energy will be powered, as it has been for decades, by the talent and skills of the working people in the Granite City with GB Energy based in Aberdeen."
Despite the repeated pledges that GB Energy would be run from Scotland, its chair, Juergen Maier, is based in England .
GB Energy CEO
Dan McGrail is the interim chief executive officer for GB Energy , having been appointed to the permanent role in July 2025 after serving as interim CEO from February 2025.
McGrail works at the Aberdeen office on an "initial" short-term contract which started in March.
The UK Government has reportedly struggled to find anyone willing to run the company given they will need to take a civil service salary (likely a step down from private sector wages) and move to Aberdeenshire to fulfil Labour's pledge.
