EnergyPathways PLC Collaborates with UK Government for Hydrogen Storage Expansion
Key Ideas
- EnergyPathways PLC to collaborate with UK government on hydrogen storage design through the MESH project expansion.
- UK Department of Energy Security & Net Zero invites EnergyPathways to participate in defining a new investment support scheme for hydrogen storage projects.
- EnergyPathways intends to propose expanding its MESH facility during the hydrogen storage allocation round after securing a £5 million loan.
- CEO Ben Clube highlights the significance of collaborative efforts between government and industry to achieve net zero objectives.
EnergyPathways PLC based in Worthing, England, has announced a collaboration with the UK government to participate in a hydrogen storage design group. This collaboration is part of the company's plans to expand its Marram Energy Storage Hub (MESH) project. The UK Department of Energy Security & Net Zero (DESNZ) has invited EnergyPathways to contribute to the design of a new investment support scheme aimed at promoting hydrogen storage projects. The goal is to finalize the design process by 2025 and announce the first hydrogen storage allocation round in the same year, with selected projects proceeding to due diligence and negotiation stages. EnergyPathways is looking to expand its MESH natural gas and hydrogen storage facility during this allocation round, following the recent acquisition of a £5 million loan facility for the project. CEO Ben Clube emphasized the importance of collaboration between government and industry to achieve the UK's net zero and energy security goals. The company believes that its MESH project aligns well with the UK government's strategic objectives for hydrogen storage and transportation, making it a strong candidate for government support under the hydrogen storage business model.