Energypathways PLC (EPP)

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EnergyPathways to apply for storage licences for MESH project

(Alliance News) - EnergyPathways PLC said it will submit new hydrogen and natural gas storage licence applications in the east Irish Sea for its flagship MESH project.

The West Sussex, England-based energy infrastructure project company said it expects to submit one or more new gas storage applications later this month to support its expansion plans for the MESH project.

The project is a large-scale long duration energy storage and decarbonisation development, EnergyPathways said.

The nominated area for the new hydrogen and natural gas storage licences covers an area of salt cavern storage potential around four times larger than it had previously applied for.

In September, Ed Miliband, the UK secretary of state for energy security and net zero, said that the key elements of the MESH development should be treated as a development of national significance.

If they are successful, the applications will provide the opportunity for expanded salt cavern energy storage capacity and the scalable expansion of the MESH project.

"By developing MESH for large scale [long duration energy storage], low-carbon flexible power and new hydrogen production industries, MESH is firmly aligned with the government's energy priorities. We are now accelerating project delivery alongside our tier 1 partners, including Siemens Energy AG, Hazer Group in conjunction with KBR Inc, [John Wood Group PLC], [Costain Group PLC], and [Zenith Energy Ltd]. In parallel we will progress our applications for the consents and approvals required to bring this landmark project into operation," said Chief Executive Officer Ben Clube.

"If the company is successful with these new hydrogen and natural gas storage licence applications, EnergyPathways will secure an area of salt cavern storage potential around four times greater than that it had previously sought. MESH would represent a scalable business model and growth platform for EnergyPathways that will have potential to become a key component in the decarbonised energy future of the UK."

Shares in EnergyPathways were up 1.9% at 5.86 pence on Monday afternoon in London.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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