McGrail said: “Aberdeen is the perfect location for Britain’s publicly owned energy company.
“Thousands of engineers, innovators, and technicians call Aberdeen home.
“It is a world-leading energy hub and has been crucial to our energy security for decades and I am delighted Marischal Square will be the location of our permanent headquarters.”
Creating a headquarters in Aberdeen was a key commitment by Labour during the 2024 general election campaign.
City council co-leader, Councillor Ian Yuill, said Aberdeen was at the forefront of the transition in the energy sector.
