Washington-based political news site Politico has officially announced that it will launch its new product, Politico Pro, in February next year.

The new subscription service will be run by a team of around 40 journalists, offering reports on energy, technology and health care politics and targeting policy professionals.

Deputy managing editor of Politico Tim Grieve will be editor-in-chief of the new service while Politico's LaRonda Peterson will become production editor for the product.

The energy team will be led by Dan Berman, a former senior reporter for Greenwire and editor of Environment & Energy Daily, the technology team will be headed up by Kim Hart who has previously covered the tech sector for The Washington Post, The Hill and Politico, while Diane Webber, former copy editor at the New York Post, will lead the health care team.

"The launch comes at a time of rapid change in Washington’s journalism landscape, as players such as Bloomberg are expanding, while older players such as National Journal have reinvented themselves to respond to the 24/7 pace of today’s news cycle," the release adds.

"Our ambition is to emerge from the great upheaval in journalism to become the dominant publication covering Washington politics and governance," added Politico's executive editor Jim VandeHei.

Subscribers to the service will receive exclusive access to breaking news as well as custom instant alerts sent to mobile devices, early-bird editions of Politico's newsletters and invitations to subscriber-only events.

Subscription sales for Politico Pro will begin next month, while the main Politico site will remain free.

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