10th Feb 2025 15:56
EnergyPathways PLC - West Sussex, England-based energy infrastructure project company - Announces update on its pre-front end engineering and design activities for the Marram Energy Storage Hub. The technical engineering and design studies have been undertaken by EnergyPathways in conjunction with its strategic partners John Wood Group PLC, Mermaid Subsea Services Ltd and PDi Ltd. The Mesh development has been designed as an integrated energy system solution and will connect gas production, gas storage, hydrogen storage, offshore wind and decarbonised gas power generation. The development is initially centred on the Marram gas field as a gas storage and production facility. The final investment decision for this is planned for the end of 2025 with first production operations starting in late 2027.
Chief Executive Ben Clube says "there is a clear recognition of the commercial proposition tabled by Mesh". He adds: "We believe that the potential of Mesh to mobilise private and public capital in order to provide clean energy to the UK's energy transition warrants the support of a government weighed down by taxpayer subsidised projects."
Current stock price: 6.37 pence, down 12% in London on Monday
12-month change: more than doubled
By Jeremy Cutler, Alliance News reporter
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