29 sep 25   energypathways plc - mesh confirmed as project of national significance energypathways plc | epp | 8.7 2.4 37.0% | mkt cap: 17.2m    rns number : 1379b energypathways plc 29 september 2025   29 september 2025 energypathways plc   ("energypathways" or the "company")  secretary of state for energy security and net zero recognises energypathways' mesh project as being of national significance   energypathways (aim: epp), the energy transition company, is delighted to announce that the rt hon, ed miliband, the uk's secretary of state for energy security and net zero, has formally directed that the major elements of the company's flagship mesh project be treated as a development of national significance requiring development consent under the planning act 2008.   with the secretary of state's decision, the major elements of the mesh project will now follow the priority development authorisation processes under the planning act 2008, reserved for projects of national significance in energy and other sectors.   mesh - a transformational energy hub   located in the east irish sea and barrow-in-furness, in cumbria, the mesh project has the potential to become a cornerstone of the uk's clean energy infrastructure, directly supporting government targets for clean power 2030, net zero and industrial growth.   the secretary of state's decision recognises the main large scale and high impact elements of the mesh project, which are:   ·    long duration energy storage (ldes): a scalable system integrating compressed air, thermal and hydrogen geo-storage, designed to capture and monetise the £billions lost annually in wasted uk wind power;   ·    flexible low-carbon power capacity: multi-day, low-cost backup to stabilise the uk's grid, reducing the uk's reliance on aging and costly high-emission unabated gas power plants;   ·    low-carbon hydrogen production: a scalable system producing hydrogen at a fraction of the cost of electrolytic hydrogen and without producing waste carbon dioxide. this technology system could help to decarbonise britain's gas supply with no emissions and will help to unlock a sustainable clean energy future for north sea undeveloped gas reserves currently overlooked due to emission concerns;   ·    next-generation british industries: production of high-purity synthetic graphite, a critical mineral in a growing global market for battery applications, and the production of low-carbon ammonia (the uk currently depends for its ammonia supply almost entirely on high emission and costly imports); and   ·    large-scale gas storage: subject to the necessary authorisations under the petroleum act 1998 and energy act 2008, the mesh project will also provide large-scale gas storage that can strengthen the uk's future energy security in an increasingly uncertain geo-political world. mesh gas storage is expected to be equivalent in size to centrica's rough gas storage facility - the uk's current largest facility and in the opinion of the directors of the company, mesh offers a lower cost gas storage development option in comparison to other proposals.   strong industry partnerships   energypathways is advancing mesh in collaboration with leading global energy and infrastructure partners, including siemens energy, wood plc, costain plc, kbr inc, and hazer group.   with the project's nationally significant status confirmed, energypathways will now progress the mesh project towards a development consent order, positioning it as a transformational uk energy hub and a flagship clean growth project of national significance.   copies of the secretary of state's direction and energypathways' request can be found at https://www.gov.uk/government/publications/marram-energy-storage-and-decarbonisation-hub-project-mesh-section-35-direction-planning-act-2008.  ben clube, energypathways' ceo commented:   "the secretary of state's decision is a landmark moment for energypathways and for the uk's energy transition. by granting the mesh project nationally significant status, the government has recognised its potential to become a cornerstone of the uk's clean energy future.   "mesh is designed to tackle some of the biggest challenges facing the uk energy system today - the high cost of wasted wind power, heavy reliance on aging high emission and expensive gas power plants and ensuring reliable and secure energy supply in an uncertain geo-political world. with its significant storage capacity, flexible clean power, low-cost hydrogen and supporting new low-carbon industries, mesh can become a catalyst for investment and growth in the uk's economy delivering long-term value not only to energypathways' shareholders, but also to britain's consumers.   "the mesh project's "whole system" approach is critical to delivering synergies that support a clean energy future for britain while helping reduce the burden of subsidy costs being passed on to uk consumers.      "together with our world-class partners, we are now moving forward at pace towards development consent. we believe mesh has the potential to become one of the uk's most important energy hubs, a flagship project of global significance with the potential to be replicated both within the uk and internationally."   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/r8k37e   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.   end   mscppuwabupapgr return to news summary

Label: Gestiegen