UK-based XLCC, founded in 2020, has secured £20 million (almost €24 million) from the UK Infrastructure Bank (UKIB) that will be invested in the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland, with an option for a further £67 million (approximately €80.3 millio
Progress has been made in the finalization of the design required to repurpose a former offshore gas platform into an unmanned installation equipped to run on solar and wind for permanent offshore carbon dioxide (CO2) storage in one of the depleted natural gas fields in the North Sea.
