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UK NWF Targets Carbon Capture, Batteries and Grid Upgrades in £5B Annual Investment Drive
['Anela Dokso']
NEWS – Energy News
Britain’s National Wealth Fund (NWF) has unveiled a focused five-year strategy aiming to deploy £4–5 billion annually in projects spanning carbon capture, energy storage, battery manufacturing, and critical infrastructure.
The plan seeks to generate or support up to 200,000 jobs while strengthening the country’s domestic supply chains.
In addition to carbon capture, batteries, and grid modernization, the fund will focus on ports, green steel, defense, advanced materials, and critical minerals.
Carbon capture projects will target industrial clusters, while green steel initiatives aim to cut emissions in high-output manufacturing.
Despite extensive government backing, Britain’s economy has struggled to regain momentum, and the Labour government faces political scrutiny over its ability to deliver growth.