RE: The future3 Feb 2026 13:44
EPP is awaiting its Gas Storage Licence, having already secured Section 35 approval from DESNZ in recent months, and is positioning itself as far more than a typical AIM company. It is developing the MESH Project, one of the UK’s most ambitious integrated gas and hydrogen storage schemes, despite a current market cap of around £8m. The flagship MESH H2 system includes 640MW (2.8TWh) of green hydrogen capacity—the largest in the UK—alongside 400MW of long-duration energy storage via compressed air, set to be Europe’s largest, and 600m therms of gas storage, which would surpass the Rough field as the UK’s biggest. Funding and commercial foundations are already in place, with MOUs signed with cornerstone investors at multiples of the current share price, debt and gas offtake agreed with a FTSE 100 major, and equity commitments at a premium to the current valuation. The project is further underpinned by strategic partnerships with industry leaders including Wood Group, Siemens Energy, Costain, KBR/Hazer, major offshore wind developers, and FTSE 100 oil, gas, and wind operators—suggesting the market re-rating is yet to begin.