REG - EnergyPathways PLC - MESH Project Update

EnergypathwaysAnnouncement

25/03/2025 07:00

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RNS Number : 9442B  EnergyPathways PLC  25 March 2025

25 March 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

MESH Project Update

 

MESH positioned to accelerate the UK's energy transition

 

EnergyPathways (AIM: EPP), an energy transition company, is pleased to
announce progress on its MESH energy storage project in relation to hydrogen,
long duration energy storage and low-carbon flexible power solutions.

EnergyPathways is distributing a specialised project briefing document
outlining the conclusions from its hydrogen and clean energy pre-FEED
activities and highlighting the critical role that hydrogen and compressed air
storage technologies can play in reducing carbon emissions, enhancing energy
security and becoming a cornerstone of the UK's transition to a sustainable
net-zero economy.

 

MESH Key Project Highlights:

 

·      Pre-FEED progress: Developing in line with schedule and remains
on track for FID subject to award of the necessary licences applied for and
requested

·      25-year project lifespan: Providing the UK with a secure and
reliable supply of low carbon energy

·      20 TWh integrated energy storage capacity: Harnessing value from
the UK's excess wind power and boosting energy security

·      400 MW hydrogen and compressed air Long Duration Energy Storage:
Potentially Europe's largest LDES facility, providing multi-day power supply

·      700 MW low-carbon flexible power: Highly flexible future-proofed
system for transition to carbon free hydrogen power

·      Creating employment: Supporting a Just Transition for UK's
offshore workforce

·      Fully aligned with the Government's "Clean Power by 2030" mission
and energy transition ambitions

The Company's hybrid compressed air storage solution (H-CAES), for which
EnergyPathways has developed its own intellectual property, is a key part of a
new, cutting-edge component of the MESH integrated energy storage project and
the Company will provide more details on this aspect as the project
progresses.

EnergyPathways has developed a pioneering and innovative approach to Long
Duration Energy Storage (LDES) which it believes can make a major contribution
to supporting the UK's renewable energy integration and providing security of
power supply for the UK's businesses and households. The MESH LDES system will
potentially be the largest of its kind in Europe.

By engaging with various influential stakeholders involved in the UK's energy
transition, the Company will play its part in fostering collaboration and
supporting future changes to policy frameworks to accelerate growth investment
in the UKs energy transition.

The MESH project briefing document can be found on our website:
https://energypathways.uk/s/953c79 (https://energypathways.uk/s/953c79)

 

 

Ben Clube, CEO of EnergyPathways plc said:

 

"We are pleased to have outlined our vision for MESH within the project
briefing document that is being shared with the relevant stakeholders. The
document's Project Highlights demonstrate that the proposed MESH project is an
ambitious, bespoke and much needed project that has potential to make a
material contribution to the UK, delivering on its net zero and energy
security ambitions. Furthermore, the project has the potential to help kick
start growth investment and contribute to supporting a "Just Transition" for
the UK's highly skilled offshore work force and supply chain, resulting in
positive socioeconomic impact beyond the clearly compelling environmental and
commercial benefits that we have identified. I'm particularly proud to be able
to demonstrate the depth of the Company's technical capabilities through the
development of a pioneering approach to Long Duration Energy Storage, that we
believe can make a material contribution to the UK delivering on its net zero
energy transition ambitions and "Clean Power by 2030" target. We look forward
to providing further updates on MESH as we progress through the FEED stages
and engage with key stakeholders."

 

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 for the UK
market for over 20 years. MESH is an integrated energy system solution. It is
electrifying and integrating existing infrastructure, connecting gas storage,
hydrogen storage, 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 long duration energy storage facility
combining natural gas and hydrogen storage It will be able to store in excess
of 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 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/0rJ9Ee
(https://energypathways.uk/link/0rJ9Ee)

 

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 / Ben Hodges

                                                                              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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