In a promising development for Aberdeen’s economy, GB Energy’s newly appointed chairman, Juergen Maier, has announced plans to create up to 300 jobs at the company’s new headquarters in the Scottish city.
Speaking before a House of Commons select committee, Maier shared his vision for the state-owned energy company, which was a key policy in Labour’s recent general election campaign.
Whilst a detailed workforce plan is yet to be finalised, Maier estimates that between 200 and 300 roles will be established in Aberdeen.
As reported by BBC News, the former Siemens UK boss sees “a lot of opportunity” to tap into the expertise of the oil and gas sector, potentially facilitating a smooth transition for workers into the renewable energy industry.
However, those eager for immediate action may need to exercise patience. Maier cautioned that it would be “well into next year” before GB Energy begins making investments.
The initial phase will see a modest £125 million allocated, with the UK government committing to invest £8.3 billion over the parliamentary term.
GB Energy’s investment strategy will focus on cutting-edge technologies such as floating offshore wind, tidal power, and large-scale energy storage.
Maier emphasised that these investments would be “unapologetically long term”, with the company expecting to turn a profit within five years.
Addressing concerns from the renewables industry about potential market distortion, Maier reassured MPs that GB Energy would not compete directly with the private sector.
Instead, the company plans to purchase minority stakes in renewable energy projects, aiming to stimulate further private investment.
Looking ahead, Maier envisions GB Energy becoming a “national champion” for the energy sector within a decade.
The company’s model draws inspiration from successful state-owned entities like Sweden’s Vattenfall and Denmark’s Ørsted, both of which have established operations in the UK.
As Aberdeen prepares to welcome this new green energy hub, the city looks set to reinforce its position as a key player in the UK’s evolving energy landscape.
