10 hours ago
UK's New State Energy Company Will Spend £1 Billion on Grants
The UK's new state-owned energy company plans to spend about £1 billion ($1.4 billion) on grants, carving out a significant chunk of the taxpayer money it receives.
The government announced it was setting up Great British Energy last year, saying the firm would own and run clean-energy assets. It's part of a bet that the state needs to play a bigger role to reach UK climate goals and help bring down energy bills. But there's been little clarity on how the company will actually operate and where it will allocate funds.
