Deals Counterparts

UK Department for Energy Security and Net Zero

company 1 Deal 1 Partner

The UK Department for Energy Security and Net Zero is a UK government department responsible for ensuring the nation's energy security, delivering net zero emissions, and promoting economic growth. It sets policy, provides funding, and regulates across the energy and climate sectors within the United Kingdom.

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Founded 2023 1,500 employees Parent: UK Government
Government DepartmentGovernment

Strategic Overview

  • Prioritizes energy security through a diverse mix of energy sources, including nuclear, renewables, and domestic oil & gas.
  • Drives the UK's net zero target by setting policy, providing funding, and regulating across low-carbon technologies and energy efficiency.
  • Focuses on scaling nascent technologies such as hydrogen and Carbon Capture, Usage and Storage (CCUS) through strategic funding and policy frameworks.
  • Utilizes mechanisms like Contracts for Difference (CfD) to de-risk investment and accelerate deployment of renewable energy projects.

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Deal Activity from Public Sources

Allocation of £2 billion for 11 new green hydrogen production projects across the UK
Financing Green Hydrogen United Kingdom December 2023
Up to £300 million funding for new nuclear fuel production capacity in the UK
Financing Nuclear United Kingdom October 2023
Selection of 8 projects to progress in the Carbon Capture, Usage and Storage (CCUS) cluster sequencing process
Development Carbon Capture, Usage And Storage United Kingdom March 2023

Investment Focus

Technologies
Other1
Geography
UK1

Key People

Claire Coutinho
Secretary of State for Energy Security and Net Zero
Jeremy Pocklington
Permanent Secretary

Track Record

1
Years Active

Detailed Analysis

Technologies
Onshore WindOffshore WindSolar PVBattery StorageNuclear (1 deal)Carbon Capture, Usage and Storage (1 deal)Green Hydrogen (1 deal)BioenergyGeothermalEnergy Efficiency
Sectors
Energy TransitionUtilitiesTransport
Geographies
UK (3 deals)

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