TotalEnergies to Divest 50% Stake in UK Gas Power Plant

SEATTLE (Oil Monster): TotalEnergies announced that it has decided to sell 50% of its holdings in West Burton Energy to EPUKI- the UK subsidiary of EPH.

West Buron Energy runs a 1.3 GW gas-fired power plant as well as a 49 MW battery storage system. The transaction marks the fulfilment of TotalEnergies’ commitment at the time of acquisition of West Burton Energy to sell half the shares. A joint venture between TotalEnergies and EPUKI will now run the power plant and battery system, thereby ensuring enhanced stability and reliability in the region.

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The collaboration with EPUKI is in line with TotalEnergies’ broader strategy within the UK energy market. The deal will help TotalEnergy to integrate flexible power generation with renewable assets and strengthen its position in the UK energy market. It must be noted that the company has maintained a strong presence in the UK for more than six decades. The company manages nearly 30% of gas output from the UK Continental Shelf.

Commenting on the partnership, Sophie Chevalier, Senior Vice President of Flexible Power & Integration at TotalEnergies noted that the company is pleased to partner with EPH. The association will optimize its generation capacity, creating synergies between flexible and renewable energy systems.