XLCC Limited

Founded in 2020 in Billericay, UK, XLCC specializes in HVDC subsea cables. In November 2024, the firm raised GBP 20 million from the Scottish National Investment Bank to enhance its manufacturing capabilities at Hunterston Terminal, which is essential for supporting renewable energy infrastructure. The company has completed one deal as of November 2024. XLCC specializes in the manufacturing of high-voltage direct current (HVDC) subsea cables, which are essential for integrating renewable energy into power grids.

The company's products are designed to enhance connectivity for offshore wind farms and renewable energy sources, targeting utility companies and developers primarily in Europe and North America. XLCC’s establishment of the UK’s first HVDC factory at Hunterston is set to foster local job growth and support investment in green capabilities. XLCC generates revenue through project-based contracts with utility companies and renewable energy developers requiring HVDC cable solutions. The revenue model is based on large-scale manufacturing and installation agreements, often spanning multiple years, reflecting the complexity of energy projects.

The company’s primary offering includes bespoke HVDC cables crucial for connecting renewable projects to the grid, aiming to strengthen its foothold in the growing green energy infrastructure market. With the GBP 20 million raised in November 2024, XLCC plans to develop its manufacturing facility at Hunterston Terminal. This initiative aims to create jobs, provide training for apprentices, and produce HVDC cables that align with energy infrastructure and net-zero goals. Additionally, XLCC is exploring opportunities to expand its market presence, specifically targeting regions with increasing renewable energy investments.