TotalEnergies completed the acquisition of a minority stake in Xlinks for £20m.

TotalEnergies, a French multinational integrated oil and gas company, completed the acquisition of a minority stake in Xlinks, a company looking to address the key challenges associated with the transition to a low carbon economy, for £20m. “We are excited to welcome Europe’s largest energy company to be a part of our ambitious vision to foster long distance power exchanges through this iconic partnership with the UK and Morocco. TotalEnergies’ investment goes far beyond capital, providing a rare combination of expertise in areas that meet the unique challenges we face. This marks a highly successful end to 2023 and will give us an even greater impetus to achieve our goals as we enter 2024,” Simon Morrish, Xlinks CEO.