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I agree. They've exceeded their own expectations and forecasts for 2025 which was for revenue of £14 million for 2025. They predicted £28 million for 2026 and then a gigantic uplift for 2028- up fourfold again. Since then they just keep winning massive contracts. The energy crisis with Trump's war has created an understanding for western governments that energy security and the cost of living makes the need to solve energy storage issues to tackle the cost of living and protect our economies is an imperative. IES are in demand across the world with their vannadium batteries, storing energy for longer than lithium and enabling us to organise procurement to buy cheaper electricity in the Summer and hold onto it for longer. The batteries last for 30 years. IES are reducing their costs through more efficient processes and scaling up simultaneously. They're doing exactly what they said they would. LDES cap and floor final decisions are due any time. IES have loads of major bids under consideration having already swanned through the first process. Time to jump in. The water's just right!

I very much agree with your analysis BurtonD. They're on the verge of starting a phase 2 trial with interest from J&J and active support/engagement. I heard Professor John Bell, the immunotherapy expert who supported and guided the covid trials, on radio 4 on Saturday. He predicted that immunotherapy will displace chemo in the end and boost our longevity in general, since scientists are understanding and providing strong evidence bases for a generic impact on our wider health from these treatments. He said it could have huge implications for the NHS and help us move away from a model based largely on responding to acute or chronic medical need to one of prevention helping to reduce health inequalities. But of course CRS needs to be addressed decisively before that can ever materialise fully and at scale. It's quite amazing how far we've come.

Not sure what investors are waiting for. The price is being moved up now on very little volume so I suspect that is happening for a reason.

This multi generational family firm has multi billion dollars worth of assets, exceeding 9 billion. They have also had the same profile quoted in the RNS about their drilling campaigns, same geographical areas and the same diversified interests in banking and property. The other Colarado based family owned firms don't match. I think it must be them backing this. They're very successful indeed.

There's several multi billion private equity energy backers based in Colarado.

Brilliant to be in a potentially catalytic player of ensuring AI sustainability and the green transition. Here at the commercial edge of 2 industries for the future. Had this on my watch list but the watching is over. Jumped in today.

Letting the shorts out cheap?

Wonder if the government would want to buy it? Bargain for £1.5 million.

Well done Laura,

Seen you battling away day after day with the trolls all over you. Good call. I see all of us who stayed in managed to make a better decision than JP Morgan, Lombi etc ;) The latter have just jumped back in at a higher premium.

Yes. Very nice RNS to wake up to. I agree with most posters today. More to come in time here. Solid progress and with this government's commitment to the NHS a very good prospect for other players interested in the industry.

Absolutely Fellwanderer. I only jumped in 2 weeks ago and I'm up nearly 100%. But this is very much just the start of the journey for EPP. So glad to be in this.

G8 name btw.

Absolutely Fellweather. I only jumped in 2 weeks ago and I'm up nearly 100%. But this is very much just the start of the journey for EPP. So glad to be in this.

*derisked not derived! Dumb spellchecker 😅

The CAES will be the biggest earner in the long term. Saving £8 billion a year once it's up and running. They can keep filling up the storage capacity and selling it again and again to meet demand earning the funds to continue expanding up to 60 caverns. The model could also be introduced in other countries by EPP and Siemens who will have the shared IP for this technology. This is very advanced technology for any country that wants to be in at the forefront of the green transition. Fantastic initiative for the UK. Hats off to EPP.

I don't think the interviewer understood the technology though. He asked about getting the gas as if he thought it needed drilling. The market and MESH is for storage not drilling.

The CEO is clearly underwhelmed by the current valuation. He's quite right, it is derived with the gas storage licence. Once we have more discussion in the press (if they ever decide to be serious journalists and start looking to the future instead of dumb ass tittle tattle) the pension funds should start dipping their toes in here. Now is the time for retail private investors. Don't wait till it's £1.00 if you want the full multiplier returns on your investment .

Good financial assessment of the value of future revenues. Well over a £billion a year and saving the tax payer 8 billion. Seriously stupid political analysis assuming 'every government' has been slack on energy storage. Ed Milliband has not stopped talking about it and this government is deadly serious about delivering it. Hopefully by 2030 people will stop voting for a man who first made his money by shorting the pound the day after Brexit and openly admits he has no solutions for anything.

A government spokesperson today has said 'Our mission is to get us off the roller-coaster of fossil fuels by 2030 so we can have cheaper energy bills and be energy self sufficient' (Guardian Business Live). I'm expecting to hear a serious commitment to energy storage in the King's speech on Wednesday.

Crap. Wrong board! Sorry.

We should hear more about government growth and investment plans in the next couple of weeks. There's already been discussions leaked to the press about plans to decouple from international gas bench market prices through energy independence. A truly radical solution to the cost of living crisis caused by high energy costs. I also think the government will want to accelerate these plans to puncture the fossil fuel delusions asap.

Nonsense Bigdaddy,

Next week the Chancellor of the Exchequer is making an announcement on growth and investment plans for the UK. It will cover all those industries and health for sure. We may be pleasantly surprised. This government is very committed to improving health outcomes.

I'm delighted with this news. EPP told us they were expecting this soon and they were absolutely right. A credible solution for long term energy independence is demonstrated in this license. The NSTA will have done their due process. We're sitting on a multi multi bagger.

60 salt caverns will be the largest storage facility in the UK, saving a value of hundreds of millions a day from energy which we can't hold onto atm. To the numpties who say 'nothing is happening until 2031'- thanks, I need a good laugh.

There will be loads of news about this. It will be referenced in the forthcoming announcement after the election, on the government's growth plans. This is so exciting.

Rachel Reeves is announcing a growth plan next week according to the Guardian. No way is the issue of gas storage and electrification of the national grid not going to be included with the focus on the cost of living and the need to reduce energy prices for the long term stability and security of the economy.