EnergyPathways (AIM: EPP) reported a year of significant progress as it advanced its MESH-integrated energy storage project, securing key regulatory milestones, strategic partnerships, and funding to support the development of its long-duration energy storage and hydrogen ambitions.
During 2025, the company achieved national significance status for the long-duration energy storage element of MESH, submitted its gas storage licence application and launched engineering studies for a hydrogen and graphite production plant using Hazer technology. It also strengthened its industrial partnerships through collaborations with Siemens Energy, Zenith Energy, Wood Group and Costain.
Following the year-end, EnergyPathways entered the front-end engineering and design (FEED) phase for MESH, secured a £15 million financing agreement, received Gas Storage Licence GS009 and signed a collaboration agreement with Associated British Ports to evaluate the Port of Barrow as the location for the project’s onshore facilities.
For the year ended 31 December 2025, the company reported a loss of £1.66 million, compared with £1.20 million a year earlier, while year-end cash increased to £1.09 million from £857,650.
Looking ahead, management said the next 12 months will focus on progressing the Development Consent Order process, entering the MESH project into the UK’s Long Duration Energy Storage Cap and Floor Scheme, securing further licences and commercial agreements, and advancing the project towards its target of commencing commercial operations by 2031.
