New Energy

Former UK Minister Skidmore Opens Bank for Clean-Energy Startups

Skidmore quit Tories this year in protest at net zero rollback
Desmos Capital will advise early-stage green-energy companies

Chris Skidmore.
Photographer: Chris Ratcliffe/Bloomberg

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By Jess Shankleman and Alastair Marsh

July 17, 2024 at 10:48 AM UTC

This article is for subscribers only.

Chris Skidmore, the former UK Conservative energy minister who quit over oil and gas drilling, has opened an investment bank to help fund green-energy startups.

Desmos Capital Partners, started by Skidmore a month ago, will advise early-stage clean-energy companies seeking to raise at least £5 million ($6.5 million) from venture capital funds and family offices.