9th Jun 2025 10:53
(Alliance News) - EnergyPathways PLC on Monday said it has awarded a key contract for its flagship MESH project to Zenith Energy Ltd, an Aberdeen-based oil and gas company with assets in Africa and Italy.
Shares in EnergyPathways were 13% higher at 5.60 pence in London on Monday morning. Zenith shares were up 5.3% at 15.00 pence.
The West Sussex, England-based energy infrastructure project company said Zenith will act as well operator for the MESH gas storage development in the East Irish Sea, handling drilling and completion design, permit submissions, procurement, rig preparations and ultimately well execution.
Zenith already has worked with EnergyPathways during the project's pre-front-end engineering design phase and brings "vast experience" to support both the gas and future hydrogen storage elements of the development, EnergyPathways said.
"Our outsourced contractor model ensures we can align ourselves with high quality service providers while remaining lean and managing our costs," said EnergyPathways Chief Operating Officer Derek Grimmer. "We are very pleased to be playing our part in supporting a "just transition" for the UK's talented offshore workforce."
Zenith Operations Director Chris Collie said the firm was "delighted" to partner with EnergyPathways, calling MESH "strategically important" for UK energy security and the path to net zero.
MESH, or the Marram energy storage hub, is intended to become the UK's "largest" integrated energy storage facility, combining natural gas, compressed air, and hydrogen storage. It is designed to hold up to 20 terawatt-hours of energy and be powered by renewable offshore wind farms.
The companies did not disclosed the financial terms of the contract.
By Eva Castanedo, Alliance News reporter
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