The project, which is expected to cost £18bn to fund, received a significant boost last week when it was named by the government as a project of interest in its energy blueprint, Powering Up Britain.
Xlinks' ambitious proposals to transport energy from the Sahara to Devon via a subsea cable represents a mammoth engineering assignment. It will need to advance plans to secure the billions of pounds of financing required to construct vast facilities in Morocco as well as UK factories that would manufacture the necessary subsea cable.Manufacturing sites in Hunterston, Scotland - where a nuclear power plant is being decommissioned - on Teesside and at Port Talbot in Wales have been secured and are under development.
The company was founded by Mr Morrish, a former winner of the accountancy firm EY's entrepreneur of the year award.
Now this is interesting !
Don't tell Biden.
12:52🇺🇲China's spy balloon shot down by the US in February managed to collect data from'several sensitive American military sites'. According to three unnamed senior US officials,the balloon was remotely controlled by Chinese authorities and it flew over some sites several times.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deep-sea mining is key to making transition to clean energy, says Loke\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Ah. Such conservation.
Source: ftenergy - 🏆 47. / 63 Read more »