Industry Insights & Government Policies

The National Wealth Fund will mobilise billions of pounds of investment in the UK’s world-leading clean energy and growth industries and support the delivery of the government’s new Industrial Strategy.

This report marks an exciting step towards unlocking the next 20-30GW of offshore wind pipeline- enough power for the equivalent of almost 20 million homes.

The CfD Clean Industry Bonus will allow fixed and floating offshore wind applicants to get extra CfD revenue support if they choose to invest in more sustainable supply chains.

Companies from the UK offer the innovations and services to make offshore thrive throughout the world. Expert supply chain helps make the business of servicing the dangerous offshore environment safer and more efficient.

News - 17th December 2024

Hydrogen strategy update to the market: December 2024

This December 2024 hydrogen strategy update to the market summarises key policy progress in 2024 to deliver the low carbon hydrogen economy and a forward look of upcoming opportunities.

News - 10th December 2024

First cohort of companies joining The Crown Estate’s new ‘Supply Chain Accelerator’ programme.

UK's Crown Estate has distributed the first funds from the £50m ($63.7m) Supply Chain Accelerator to 13 organisations across England, Wales, and Scotland. The Accelerator fund was established to accelerate and de-risk the early-stage development of projects linked to offshore wind and the UK's domestic supply chain.

News - 10th December 2024

Licensing accelerating CCUS developments in the UK

The North Sea Energy Transition Authority awarded the UK’s first ever carbon storage permit to the Northern Endurance Partnership of bp, Equinor and TotalEnergies.

News - 4th December 2024

Emitters in Europe using offshore CO2 storage would benefit from a 20% cost saving when making effective use of UK's carbon storage sites.

The UK has 1/3 of European storage capacities, estimated 78mtpa. UK storage sites are the most cost-effective carbon storage sites across Europe. According to the recent CCSA report, cross border flow across Europe can reduce costs by 20%.

The CCSA report is available here: Accelerating a Europe-wide CO2 Storage Marketopens eur03.safelinks.protection.outlook.com in a new tab

Press release - 10th December 2024

Contracts signed for UK’s first carbon capture projects in Teesside

New chapter for the UK's clean industry as financial close reached for East Coast Cluster site projects.

New - 10th December 2024

British government confirms introduction of a market intervention to de-risk investment in hydrogen to power (H2P).

In response to recent consultation, this market intervention will accelerate deployment in the form of a Hydrogen to Power Business Model (H2PBM) based on elements of the Dispatchable Power Agreement (DPA), designed for Power CCUS, but adapted to suit the needs of H2P.

News - 12th November 2024

The Prime Minister launched the Clean Industries Bonus (CIB) for offshore wind from Allocation Round 7 (AR7, 2025).

The Clean Industries Bonus will create the conditions for clean energy industries to thrive in the UK and elsewhere. The CIB criteria provides extra CfD funding (£27m per GW) if a developer invests in supply chain companies based in ex-industrial parts of the UK designated for regeneration. If 7-8 GW of projects applied in 2025, the budget would scale up to approximately £200m.

Press Release - 11th November 2024

Boost for UK clean energy growth as PM arrives at COP29

The UK will lead the world in the pro-growth clean energy transition, the Prime Minister has announced at the first day of the World Leaders Summit at COP.

News - 29th October 2024

Rolls-Royce SMR and ČEZ Group partner to deploy SMRs in UK and Czechia

Rolls-Royce SMR and ČEZ Group have announced that they will join forces to deploy of Rolls-Royce SMR’s small modular reactor (SMR) technology, driving deep decarbonization and supporting the global transition to a sustainable energy future.

Press Release - 10th October 2024

Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

News - 4th October 2024

UK government pledges £22bn for CCUS projects

It said the funding for two "carbon capture clusters" on Merseyside and Teesside, promised over the next 25 years, would create thousands of jobs, attract private investment and help the UK meet climate goals.

Press Release - 1st October 2024

The is the first major economy to phase out coal

The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK’s leadership to go further in driving down emissions and tackling climate change.

Press Release - 13th September 2024

The is the first major economy to phase out coal

The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK’s leadership to go further in driving down emissions and tackling climate change.

News - 10th September 2024

UK Government's Renewable Energy Auction Boosts Clean Growth

The sixth round of the renewable energy auction saw the approval of 131 projects.

Press release - 3 September 2024

Auction Round 6 results: A major boost for Clean Energy projects in the UK

The latest Contract for Difference Allocation Round 6 will add another 9.6 GW of renewable capacity to the UK. Cutting across technologies, this include offshore and onshore wind, solar, and tidal.

Press Release - 25th July 2024

New Great British Energy partnership launched to turbocharge energy independence

Prime Minister Keir Starmer and Energy Secretary Ed Miliband announce first major partnership between Great British Energy and The Crown Estate to unleash billions of investment in clean power.

Press release - 9th July 2024

National Wealth Fund (NWF) to unlock green growth investments.

The NWF will be given £7.3 billion in new funding to help the most energy intensive sectors to decarbonise: £1.8 billion to ports, £1.5 billion for gigafactories including for electric vehicles, £2.5 billion to clean steel, £1 billion for carbon capture and £500 million to green hydrogen.

Press Release - 7th March 2024

Over £1 billion budget for renewable energy auction

Britain’s flagship renewables scheme has received its biggest ever funding boost from government, with more than £1 billion for its upcoming auction.

News - 1st March 2024

Boost for UK hydrogen as government backs world-leading industry

Low carbon hydrogen will get a further boost with over £21 million of government support for 7 projects to make green fuel, powering up local transport and businesses.

News - 14th February 2024

UK First Major Economy to Halve Emissions

The UK is over-delivering on its commitment to reduce emissions, having already slashed emissions by 50%.

News - 20th December 2023

Competitive Carbon Capture Market Follows £20 Billion Investment

The UK Government sets out plans for a new competitive UK carbon capture, usage and storage market by 2035.

News - 18th December 2023

OFTO Tender Round 11 (TR11) and Enhanced Pre-Qualification (EPQ) Commencement

OFTO Tender Round 11 will bring to market the Offshore Transmission Owner asset associated with Dogger Bank B Offshore Wind Farm which is anticipated to have a value in the region of £1bn.

News - 14th December 2023

Major Boost for Hydrogen as UK Unlocks New Investment

UK Government is committing over £2bn to support successful projects in the first hydrogen allocation round (HAR1) through 15-year contracts.

News - 7/12/2023

The Crown Estate: Offshore Wind Leasing Round 5

The Crown Estate is launching Offshore Wind Leasing Round 5. This exciting new opportunity is expected to be the first phase of floating offshore wind development in the Celtic Sea.

News - 30th November 2023

Reimagining a Net Zero North Sea: An Integrated Energy Vision for 2050

Up to £416bn investment is required over the next 30 years, creating a fantastic business opportunity.

News - 23 November 2023

Boost for UK Green Industries with £960 Million Government Investment

The UK Government sets out plans to speed up connections and increase grid capacity to boost energy security.

News - 23rd November 2023

UK Government Announces £4.5bn Advanced Manufacturing Funding

£960m for Green Industries Growth Accelerator to support carbon capture, utilisation and storage, electricity networks, hydrogen, nuclear, offshore wind.

News - 16th November 2023

UK Government Increases Maximum Price for Offshore Wind Projects

Maximum price other renewables projects can receive in next Contracts for Difference (CfD) auction also raised.

Unleashing Innovation: Kavaken's Journey from Istanbul to Newcastle

Tech scale-up Kavaken has forged its path from Istanbul to the United Kingdom, finding its niche in the vibrant city of Newcastle. With a strategic vision and a commitment to sustainable solutions, Kavaken has emerged at the forefront of innovation in the UK’s Cleantech sector.

Critical Offshore Infrastructure - How Do We Protect It?

The UK shares the same vision as our partners in Germany and the EU of transforming the North Sea into the green power hub of Europe. Current geopolitical developments - especially the Russian war of aggression against Ukraine - have shown us the importance of critical infrastructure for energy security.