---
title: "EnergyPathways Signs Hycamite Agreement for MESH Hydrogen and Graphite"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-09-17T06:37:11+00:00"
modified: "2026-09-17T06:37:11+00:00"
date: 2026-09-17
canonical: "https://www.share-talk.com/energypathways-signs-hycamite-agreement-for-mesh-hydrogen-and-graphite/"
category: "Energy"
categories: ["Energy"]
tags: ["Barrow-in Furness.", "Ben Clube", "Costain Group", "EnergyPathways", "EPP", "Marram Block 110/4a", "Marram Energy Storage Hub", "Marram field", "Martin Simmonite", "MESH", "MESH project", "North Sea", "pre-FEED", "subsea engineering", "Wood Group UK"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/b4b05d32-ece4-4a01-bcbc-ea6113007374.png?fit=1727%2C911&ssl=1"
format: "news"
language: "en-GB"
---

# EnergyPathways Signs Hycamite Agreement for MESH Hydrogen and Graphite

**Published:** September 17, 2026
**Author:** sharetalk
**Categories:** Energy
**Tags:** Barrow-in Furness., Ben Clube, Costain Group, EnergyPathways, EPP, Marram Block 110/4a, Marram Energy Storage Hub, Marram field, Martin Simmonite, MESH, MESH project, North Sea, pre-FEED, subsea engineering, Wood Group UK
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/b4b05d32-ece4-4a01-bcbc-ea6113007374.png?fit=1727%2C911&ssl=1)

---

**EnergyPathways plc (AIM: EPP)** has signed a collaboration agreement with Finnish technology group **Hycamite TCD Technologies** to assess low-carbon hydrogen and high-grade graphite production technology for its planned **MESH energy storage project** in Barrow-in-Furness.

EnergyPathways plans to develop a plant capable of producing around **20,000 tonnes of hydrogen and up to 60,000 tonnes of graphite annually** at Associated British Ports’ Port of Barrow.

Initial company scoping estimates indicate potential annual revenues of **£90 million to £120 million** from approximately 20,000 tonnes each of hydrogen and high-grade graphite, with an indicative **EBITDA margin of 30%-40%**.

EnergyPathways said there could be a further **£20 million to £30 million of annual revenue** from lower-grade graphite and residual fines, although this has not been included in the initial economics.

Hycamite’s technology splits methane into hydrogen and solid carbon, potentially producing hydrogen at a cost competitive with blue hydrogen and below current expected UK green hydrogen costs. The resulting high-grade graphite could target battery, aerospace, defence and advanced manufacturing markets.

The company is also assessing whether some of the hydrogen could be combined with nitrogen to produce **ammonia for the fertiliser market**.

EnergyPathways will evaluate Hycamite alongside technology being assessed with **KBR and Hazer Group**, with the eventual technology selection dependent partly on government support and future offtake agreements.

The company intends to apply for funding through the UK Government’s **Critical Minerals Accelerator programme** to support development of the graphite operation.

Chief executive **Ben Clube** said domestic graphite production could strengthen UK industrial and defence supply chains while creating a significant long-term investment at Barrow.

Investors should note that the **£90 million-£120 million revenue and 30%-40% EBITDA margin figures are preliminary company scoping estimates**, rather than contracted revenues or completed feasibility-study economics. Development remains subject to technology selection, government support, offtake agreements, approvals and financing, with hydrogen operations currently targeted for **2029-2030**.

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