REG - EnergyPathways PLC - Expanded Gas Storage Licence Application

EnergypathwaysAnnouncement

24/11/2025 07:00

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RNS Number : 6312I  EnergyPathways PLC  24 November 2025

24 November 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

Expanded Gas Storage Licence Application

 

EnergyPathways (AIM: EPP), the UK energy transition company, is pleased to
announce it has formally submitted an application for a Gas Storage Licence
covering the natural gas and hydrogen storage elements of its flagship MESH
project, located off the Cumbria coast in the East Irish Sea.

 

This follows the Company's update on 26 September in which it announced that
Ed Milliband, the Secretary of State for Energy Security and Net Zero,
confirmed that MESH should be considered a development of national
significance.

 

This new licence application spans an area with potential for up to 60 storage
salt caverns for natural gas and hydrogen storage. This represents an almost
fourfold increase in the area EnergyPathways is targeting for salt cavern
development.

 

The Company intends to submit an application to the Secretary of State for a
Development Consent Order (DCO) for the other elements of the MESH project.

 

Ben Clube, CEO of EnergyPathways, said:

 

"We are delighted to have formally submitted a natural gas and hydrogen
storage licence application for MESH. Following the positive endorsement of
MESH by the Secretary of State as a development of national significance, we
are hopeful of receiving a decision on this application soon.

 

"If successful with its application, EnergyPathways plans to progress a
hydrogen storage and transportation project which will be integrated with its
90 MW methane pyrolysis hydrogen production facility being developed in
conjunction with KBR and Hazer*. The planned hydrogen storage will be able to
supply the Company's hydrogen-to-power system being developed with Siemens
Energy**.

 

"The Company also plans to develop natural gas storage to help shore up the
UK's security of energy supply. The UK has meagre existing gas storage
capacity. The Company considers this licence area, and the Irish Sea region
more broadly, as having significant potential for large-scale economic
development of natural gas storage.

 

"We look forward to updating the market in due course."

 

* KBR Inc. and Hazer Limited

** Siemens Energy Global GmbH & Co. KG

 

About MESH

 

MESH will be a new, large scale, energy storage and decarbonisation facility
that is expected to provide a secure and dependable supply of affordable
low-carbon energy for the UK market for over 25 years.

 

The MESH integrated energy system solution comprises; large-scale Long
Duration Energy Storage ("LDES"), flexible low-carbon power capacity and
low-carbon hydrogen and graphite production with the potential to branch into
low-carbon ammonia production. MESH will connect its LDES integrated storage
system using existing infrastructure to the UK grid and nearby offshore wind
capacity to help harness value from some of the billions of pounds of the UK's
wasted wind power.

 

The MESH system is designed to capture and store curtailed offshore wind power
in offshore salt caverns as compressed air. The MESH energy storage system
combines associated large-scale hydrogen, thermal and natural gas storage
capacity in geo-storage features (the salt caverns). During periods of low
renewable energy availability, the LDES stored energy resources will be
utilised to generate low-carbon flexible power for the UK's grid via
compressed air expansion, thermal energy and hydrogen-compatible gas turbine
systems to generate electricity.

 

The MESH facility will also produce affordable low-carbon hydrogen using
methane pyrolysis technology for which EnergyPathways has exclusive rights of
use within the UK. The hydrogen can be used to further decarbonise the MESH
flexible power generation system using its hydrogen compatible gas turbine
system. The by-product of the MESH hydrogen production facility is a
high-grade form of synthetic graphite.

 

In addition to supplying dispatchable low-carbon electricity to the grid,
MESH-produced hydrogen can support the UK's emerging Project Union hydrogen
network, contributing to broader emissions reductions across the energy
system.

 

The MESH project is targeted to be operational by 2030, subject to government
approvals and financing, in order to contribute to the Government's 2030 Clean
Power ambitions. EnergyPathways aims to play its role in supporting the
Government in accelerating the UK's energy transition.

 

Investor Engagement with EnergyPathways

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say. Navigate to our Interactive Investor website
here: https://energypathways.uk/ (https://energypathways.uk/)

 

 

Enquiries

 

 Investor questions on this announcement                                      https://energypathways.uk/link/eW3l6e (https://energypathways.uk/link/eW3l6e)
 We encourage all investors to share questions on this announcement via our
 investor hub
 EnergyPathways                                                               Tel: +44 (0)207 466 5000, c/o Burson Buchanan (Financial PR)
 Ben Clube / Max Williams

                                                                              Email : info@energypathways.uk
 Cairn Financial Advisers LLP (Nominated Adviser)                             Tel: +44 (0)20 7213 0880
 Jo Turner / Louise O'Driscoll / Sandy Jamieson
 SP Angel Corporate Finance LLP (Broker)                                      Tel: +44 (0)20 3470 0470
 Richard Hail / Adam Cowl

 

Subscribe to our news alert service: energypathways.uk
(http://energypathways.uk/auth/signup) /auth/signup
(http://energypathways.uk/auth/signup)

 

For further information on EnergyPathways visit www.energypathways.uk and
@energy_pathways on X.

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

 

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

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