Under the new approach, the fund will prioritise ten sectors, with clean energy at the core. These include energy storage, electricity networks, nuclear power, hydrogen, and carbon capture and storage, alongside ports, green steel manufacturing, transport infrastructure, regional regeneration, battery manufacturing and the electric vehicle supply chain. Clean energy will remain “a really core part of our portfolio”, he said. Its mandate is to support the government’s growth and clean energy missions, deliver a return for taxpayers, and catalyse private sector investment. It has also invested across the energy storage sector, including lithium-ion battery projects and long-duration storage technologies such as Highview Power’s plans for large-scale liquid air energy storage.