REG - EnergyPathways PLC - MESH - Contract Award

EnergypathwaysAnnouncement

09/06/2025 10:30

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RNS Number : 0000M  EnergyPathways PLC  09 June 2025

9 June 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Contract Award for MESH

 

EnergyPathways (AIM: EPP), an energy transition company, is pleased to
announce that they have engaged with Zenith Energy Ltd. (Zenith) as a
contractor for MESH.  Zenith is one of the UK's largest privately owned
independent Well Engineering and Project Management companies providing well
engineering, well operator and well project management solutions both within
the UK and Internationally.

 

Zenith will, among other services, fulfil the role of the well engineering
department for EnergyPathways subsidiary company, EnergyPathways Irish Sea
Limited (EPISL), serving as the well operator responsible for both drilling
and completion design, permit planning and submission, tendering and
procurement of long lead materials, preparation of rig tender, rig intake and
arrival on site, well examination support and ultimately well execution of the
Marram development wells.

 

 

Derek Grimmer, COO of EnergyPathways said:

 

"EnergyPathways is pleased to continue its relationship with Zenith as its
Well Engineering partner for our MESH development. Zenith have already
demonstrated their ability to collaborate and work closely with the Company on
the pre-FEED phase of the project, coupled with their vast experience and
capability making them the ideal partner for the MESH project. Not only can
they support the drilling and development aspects of MESH gas storage project,
they also have the expertise to support well operations for Long Duration
Energy Storage and Hydrogen Storage ensuring they can support us through the
full integration of our MESH project. Our outsourced contractor model ensures
we can align ourselves with high quality service providers while remaining
lean and managing our costs through the FEED stage of our MESH project. We are
very pleased to be playing our part in supporting a "just transition" for the
UK's talented offshore workforce."

 

 

Chris Collie, Operations Director at Zenith Energy, added:

 

"We are delighted to have been selected by EnergyPathways as their well
engineering partner of choice for this exciting and strategically important
project. We look forward to contributing to the successful delivery of this
development, which supports the UK's transition to Net Zero and strengthens
domestic energy security through low-carbon solutions. This partnership
represents a significant milestone for Zenith Energy as we continue our
commitment to support the UK's energy transition."

 

 

About MESH

 

MESH is a new large scale energy storage facility that is expected to provide
a secure and dependable supply of natural gas and green hydrogen and low
carbon flexible power for the UK market for over 25 years. MESH is an
integrated energy system solution. It is electrifying and integrating existing
infrastructure, connecting gas storage, hydrogen storage, and compressed air
storage technologies with offshore wind and decarbonised power generation to
establish a new major decarbonised energy hub for the UK.

 

MESH is expected to be the UK's largest integrated energy storage facility
combining natural gas, compressed air and hydrogen storage. It will be able to
store up to 20 TWh of energy. The MESH project is intended to deliver on the
Government's 2030 Clean Power timeline and will ensure a reliable and secure
supply of energy for the UK.  MESH has been designed as a fully decarbonised
and electrified zero emission facility that is to be powered by the renewable
wind farms of the UK East Irish Sea region. 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/link/aP3Yxe
(https://energypathways.uk/link/aP3Yxe)

 

 

Enquiries

 

 Investor questions on this announcement                                      https://energypathways.uk/announcements
 We encourage all investors to share questions on this announcement via our   (https://energypathways.uk/announcements)
 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
 Global Investment Strategy UK Limited (Joint Broker)                         Tel: +44 (0)20 7048 9000
 Callum Hill / James Sheehan

 

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 (formerly Twitter).

 

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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