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MESH - Contract Award

9 Jun 2025 10:17

RNS Number : 0000M
EnergyPathways PLC
09 June 2025
 

9 June 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Contract Award for MESH

 

EnergyPathways (AIM: EPP), an energy transition company, is pleased to announce that they have engaged with Zenith Energy Ltd. (Zenith) as a contractor for MESH. Zenith is one of the UK's largest privately owned independent Well Engineering and Project Management companies providing well engineering, well operator and well project management solutions both within the UK and Internationally.

 

Zenith will, among other services, fulfil the role of the well engineering department for EnergyPathways subsidiary company, EnergyPathways Irish Sea Limited (EPISL), serving as the well operator responsible for both drilling and completion design, permit planning and submission, tendering and procurement of long lead materials, preparation of rig tender, rig intake and arrival on site, well examination support and ultimately well execution of the Marram development wells.

 

 

Derek Grimmer, COO of EnergyPathways said:

 

"EnergyPathways is pleased to continue its relationship with Zenith as its Well Engineering partner for our MESH development. Zenith have already demonstrated their ability to collaborate and work closely with the Company on the pre-FEED phase of the project, coupled with their vast experience and capability making them the ideal partner for the MESH project. Not only can they support the drilling and development aspects of MESH gas storage project, they also have the expertise to support well operations for Long Duration Energy Storage and Hydrogen Storage ensuring they can support us through the full integration of our MESH project. Our outsourced contractor model ensures we can align ourselves with high quality service providers while remaining lean and managing our costs through the FEED stage of our MESH project. We are very pleased to be playing our part in supporting a "just transition" for the UK's talented offshore workforce."

 

 

Chris Collie, Operations Director at Zenith Energy, added:

 

"We are delighted to have been selected by EnergyPathways as their well engineering partner of choice for this exciting and strategically important project. We look forward to contributing to the successful delivery of this development, which supports the UK's transition to Net Zero and strengthens domestic energy security through low-carbon solutions. This partnership represents a significant milestone for Zenith Energy as we continue our commitment to support the UK's energy transition."

 

 

About MESH

 

MESH is a new large scale energy storage facility that is expected to provide a secure and dependable supply of natural gas and green hydrogen and low carbon flexible power for the UK market for over 25 years. MESH is an integrated energy system solution. It is electrifying and integrating existing infrastructure, connecting gas storage, hydrogen storage, and compressed air storage technologies with offshore wind and decarbonised power generation to establish a new major decarbonised energy hub for the UK.

 

MESH is expected to be the UK's largest integrated energy storage facility combining natural gas, compressed air and hydrogen storage. It will be able to store up to 20 TWh of energy. The MESH project is intended to deliver on the Government's 2030 Clean Power timeline and will ensure a reliable and secure supply of energy for the UK. MESH has been designed as a fully decarbonised and electrified zero emission facility that is to be powered by the renewable wind farms of the UK East Irish Sea region. EnergyPathways aims to play its role in supporting the Government in accelerating the UK's energy transition.

 

Investor Engagement with EnergyPathways

Engage with us by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://energypathways.uk/link/aP3Yxe

 

 

Enquiries

 

Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor hub

https://energypathways.uk/announcements

EnergyPathways Ben Clube / Max Williams

Tel: +44 (0)207 466 5000, c/o Burson Buchanan (Financial PR)

Email : info@energypathways.uk

Cairn Financial Advisers LLP (Nominated Adviser) Jo Turner / Louise O'Driscoll / Sandy Jamieson

Tel: +44 (0)20 7213 0880

SP Angel Corporate Finance LLP (Broker) Richard Hail / Adam Cowl

Tel: +44 (0)20 3470 0470

Global Investment Strategy UK Limited (Joint Broker) Callum Hill / James Sheehan

Tel: +44 (0)20 7048 9000

 

Subscribe to our news alert service: energypathways.uk/auth/signup

 

For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.

 

Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
2nd Jun 20264:52 pmRNSFinancing Agreement Drawdown for MESH Project
29th May 202611:09 amRNSTotal Voting Rights
28th May 20267:00 amRNSAppointment of Independent Non-Executive Director
26th May 20268:34 amRNS-RAppointment of Chief Scientific Adviser
22nd May 202611:22 amRNSDirector/PDMR Shareholding
22nd May 20269:38 amRNSIssue of Deferred Remuneration Shares-Subscription
13th May 20267:00 amRNSAgreement with ABP to locate MESH facilities
11th May 20265:54 pmRNSConversion of Loan and Issue of Shares
7th May 20262:49 pmRNSIssue of Fee Shares
6th May 20267:00 amRNSNSTA decision to offer Gas Storage Licence
30th Apr 20265:32 pmRNSDrawdown of £1m Finance and Issue of ATM Shares
28th Apr 20264:27 pmRNSTR-1: Notification of major holdings
28th Apr 20268:22 amRNSCAES Project Update & £15m Financing Agreement
27th Apr 20267:00 amRNSStudy shortlists sites for MESH onshore facilities
27th Feb 20268:00 amRNSTotal Voting Rights
5th Feb 20264:10 pmRNSIssue of Fee Shares
31st Dec 20259:00 amRNSTotal Voting Rights
31st Dec 20259:00 amRNSTotal Voting Rights
3rd Dec 20253:13 pmRNSIssue of Fee Shares
24th Nov 20257:00 amRNSExpanded Gas Storage Licence Application
19th Nov 20257:00 amRNSCooperation Agreement with Siemens Energy
13th Nov 20257:00 amRNSEnergyPathways Partners with KBR & Hazer
3rd Nov 20252:24 pmRNSTotal Voting Rights
23rd Oct 20252:12 pmRNS-REnergyPathways joins the CMA (UK)
22nd Oct 202511:00 amRNSSecures a First-Mover Advantage in UK Graphite
20th Oct 20257:00 amRNSMESH storage licence applications to be submitted
14th Oct 202512:28 pmRNSAdditional Fundraise
13th Oct 20258:07 amRNSPlacing and Subscription to raise £1,238,000
3rd Oct 202512:05 pmRNSExercise of warrants
29th Sep 20257:00 amRNSMESH confirmed as project of national significance
26th Sep 202511:53 amRNSUpdate re s35 Application
26th Sep 20257:00 amRNSResults for the half year ended 30 June 2025
14th Aug 20258:15 amRNSMESH Update
4th Aug 20258:15 amRNSIssue of fee shares
31st Jul 202511:26 amRNSResult of AGM
29th Jul 20257:00 amRNSPlacing and Subscription
24th Jul 20257:00 amRNSCostain engaged for MESH onshore facility study
21st Jul 202511:54 amRNSEnergyPathways Engages Siemens Energy for MESH
15th Jul 20257:00 amRNSMOU for clean hydrogen development facility
30th Jun 20257:00 amRNSAnnual Results and Notice of AGM
20th Jun 20253:45 pmRNS-RNew Corporate Presentation
9th Jun 202510:17 amRNSMESH - Contract Award
4th Jun 20257:00 amRNSIssue of fee shares
29th May 20257:10 amRNSMESH Update
30th Apr 20258:00 amRNSTotal Voting Rights
16th Apr 20254:52 pmRNSSubscription by Existing Shareholders & Directors
7th Apr 20252:32 pmRNSIssue of Equity
3rd Apr 202511:00 amRNSGovernment update on Climate Change Levy
1st Apr 20251:49 pmRNSBoard Changes
31st Mar 20259:00 amRNSTotal Voting Rights
12

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