XLCC

unknown

XLCC Limited is a start-up company incorporated in 2020. They plan to construct a 2 million square foot high voltage direct current cable manufacturing facility. These HVDC cables will enable the transfer of power over long distances between renewable energy sources and consumers, and are vital to realizing ScotWind and our net zero ambitions. XLCC are in discussions with another company called Xlinks to be their first "pathfinder" customer, which will sign up for four years of full production from the facility. Xlinks is itself a highly ambitious start-up company that aims to supply 8% of the UK's domestic electricity requirements (3.6 gigawatts) from a proposed solar and wind farm in Morocco, which will provide a stable baseload of power. Due to existing capacity constraints in the HVDC market, Xlinks requires a new manufacturing facility to achieve this – which is why it's essential that XLCC is operational to supply Xlinks's needs. Given the significant scale of the market opportunity, XLCC is seeking international investment of more than £1 billion to scale their production to meet this demand.