EPH Acquires 50% Stake in West Burton Energy from TotalEnergies

16. 12. 2024

EPH is pleased to announce that its UK subsidiary, EP UK Investments, has acquired a 50% stake in West Burton Energy from TotalEnergies, who recently acquired 100% ownership. Since the acquisition, TotalEnergies has been seeking a 50% partner to join the project.

West Burton Energy owns a 1.3 GW gas power plant and a 49 MW battery storage system, which strengthens our presence in the UK energy market.

By partnering with TotalEnergies, EPH collaborates with a leading player in the energy sector. TotalEnergies is renowned for its expertise in renewable and flexible power generation, including modern gas-fired power plants.

“EPH is committed to partnering with TotalEnergies in the operations and ownership of West Burton B. We are confident that our expertise will benefit both partners and support the development of the power plant and its employees,” said Jan Špringl, member of the Board of Directors of EPH.

The parties agreed not to disclose any details of the transaction.

EPH (Energetický a průmyslový holding, a.s.) is an energy utility company. The EPH group has been gradually growing with new acquisitions and is now one of the 10 largest European energy companies by installed capacity. Within its balanced portfolio of natural gas, hydro, nuclear, coal, solar, wind and biomass power plants, the EPH group controls a total installed capacity of 14 GWe. The group operates in nine European markets – Germany, Slovakia, Italy, Switzerland, the UK, the Republic of Ireland, the Czech Republic, France, and the Netherlands.