The NWF has published its inaugural Impact Report, with over half of its portfolio representing clean energy (£3.9bn), creating 6.3GW of additional capacity and a third of the portfolio nascent and emerging markets, from battery storage to semiconductors and hydrogen aviation.

These investments include more than 34,000 new public EV charging points through Connected Kerb, Gridserve and Osprey and financing for term loan to Sizewell C, supporting the UK’s national infrastructure.

In its first year as the National Wealth Fund, £3.6bn has been deployed, through 22 new investments, representing a significant acceleration in the rate of capital deployment over the past year and the scale of projected impact. In total, a quarter of the NWF’s capital has been committed (£7.5bn) since 2021.

By de-risking the scaling of new technologies, the NWF is also catalysing private investment of £16.2bn to date.

Ian Brown, Interim CEO at NWF said: “Impact is a driving force behind our investment decisions as we lay the foundations for long-term growth, and it’s incredibly rewarding to start seeing that impact come to life as our portfolio matures. Looking back, we’ve helped develop cutting-edge skills and nascent technologies, created new jobs to boost local economies, and crowded in significant private capital to help scale the UK’s energy infrastructure. We’ve achieved a lot in a short time, but there’s much more to come as we continue to expand into new sectors.”

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