REG - EnergyPathways PLC - Agreement with ABP to locate MESH facilities

EnergypathwaysAnnouncement

13/05/2026 07:00

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RNS Number : 0592E  EnergyPathways PLC  13 May 2026

13 May 2026

 

EnergyPathways plc

("EnergyPathways" or the "Company")

Agreement with ABP to locate MESH onshore facilities at Port of Barrow

EnergyPathways and ABP to evaluate Port of Barrow as a location to develop its
nationally significant MESH energy storage project

EnergyPathways (AIM:EPP), the energy transition company, has signed a
collaboration agreement with Associated British Ports ("ABP"), the UK's
leading and largest ports group, to jointly evaluate ABP's Port of Barrow, on
the south-west coast of Cumbria, for the Company's onshore facilities for its
large-scale Marram Energy Storage Hub project ("the MESH Project" or "MESH").

 ABP Port of Barrow

 

The MESH project is expected to be Britain's largest integrated energy storage
project and will bolster Britain's energy security and lower consumer bills.
Designated a project of "national significance" by the UK Government, MESH
combines compressed air electrical storage ("CAES") with natural gas and
hydrogen storage.  Located in the Irish Sea and connected into
Barrow-in-Furness, the project utilises large
scale subsea storage, designed to store energy in a highly cost-effective
manner.  Its licence area has the potential to support the construction of
up to 60 sub-surface salt caverns and subject to approvals and financing, MESH
is targeted to enter operation in 2031.

 

MESH will harness Britain's mounting wasted wind energy, which costs consumers
billions per year.  It will generate multi-day, dispatchable power at a lower
cost and with lower emissions than gas-fired power plants. It will also more
than double Britain's gas storage capacity, storing around six days of
national supply to bolster the UK's energy security.  Energy storage at MESH
will reduce Britain's dependency on gas power generators and costly gas
imports which currently control electricity prices and are vulnerable to
global gas price hikes.

 

At ABP's Port of Barrow, the two companies will examine the feasibility of
building:

·    a CAES storage operations base;

·    a gas and hydrogen storage operations base;

·    connection infrastructure for the project's offshore storage
facilities

·    hydrogen and graphite production facilities; and

·    sustainable industrial processing and export facilities.

 

The development of these facilities is subject to a commercial agreement
between ABP and EnergyPathways, and the securing of financing and planning
approvals for the MESH energy storage development.

 

MESH's development aligns closely with the UK's energy, industrial and
economic growth strategies, alongside the UK's 2035 Critical Minerals strategy
ambitions.  It is intended that the MESH hydrogen production facility will
produce graphite, a critical mineral essential for use in civil nuclear,
defence and battery applications, as a by-product.  The hydrogen produced
will be used to decarbonise Britain's energy system.

 

MESH also complements the UK Government's ambitions to strengthen and
diversify Barrow's economy. The development masterplan for Barrow is being
spearheaded by Team Barrow, a Government initiative that involves BAE Systems,
Westmorland & Furness Council and the Department of Housing, Communities
and Local Government, as well as a range of local and national companies and
organisations, including ABP. Team Barrow has publicly welcomed the MESH
Project.

 

EnergyPathways is already working on the development of MESH with a Tier-1
partner group consisting of Siemens Energy, Wood, Costain and Zenith Energy.

 

Ben Clube, CEO of EnergyPathways, said:

 

"We are delighted to be working with ABP, the UK's leading and largest ports
group. This relationship highlights the significant opportunities that our
MESH integrated energy storage project can bring to Barrow-in-Furness and the
UK's energy and industrial sectors. MESH can play an important role in
supporting Barrow's long-term development as a key hub for energy
infrastructure and its potential to play a central role in the UK's future
energy system.

 

"ABP's Port of Barrow provides access to our offshore storage development
areas in the East Irish Sea alongside strategically located land, port
facilities and export infrastructure that could be well suited to supporting
MESH's onshore facilities and production units.

 

"This marks another important milestone for the MESH Project as it progresses
towards Final Investment Decision, building momentum across key development
workstreams."

 

Ralph Windeatt, Business Development Director at ABP said:

 

"ABP has a strong track record supporting energy projects of national
significance. The Port of Barrow, specifically, has played a key role in the
development and operation of the offshore wind industry in the Irish Sea. The
MESH Project is an opportunity to further strengthen the port's long-term
future, and support the delivery of Barrow's masterplan and contribute to the
UK's energy transition."

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018). The Directors of the Company are
responsible for the contents of this announcement.

END

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/ (https://energypathways.uk/)

 

 

Enquiries

 Investor questions on this announcement                                      (https://energypathways.uk/link/P7bAXr)
 We encourage all investors to share questions on this announcement via our    https://energypathways.uk/link/rkE2Ny
 investor hub                                                                 (https://energypathways.uk/link/rkE2Ny)

 EnergyPathways                                                               Tel: +44 (0)207 466 5000, c/o Burson Buchanan (Financial PR)
 Ben Clube / Max Williams

                                                                            Email : info@energypathways.uk

 Cairn Financial Advisers LLP (Nominated Adviser)                             Tel: +44 (0)20 7213 0880
 Jo Turner / Louise O'Driscoll / Sandy Jamieson

 SP Angel Corporate Finance LLP (Broker)                                      Tel: +44 (0)20 3470 0470
 Richard Hail / Adam Cowl

 

 

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About ABP

Associated British Ports (ABP) is the UK's leading and largest ports operator,
with a network of 21 ports around Great Britain, handling around a quarter of
the nation's seaborne trade in goods.

 

ABP connects British businesses and manufacturers to international markets,
supporting economic growth across the UK. Together with customers, ABP's ports
handle over £150 billion of UK trade each year.

 

ABP is also a major and growing provider of green energy infrastructure that
supports the UK's energy transition and is an essential partner for the
offshore wind industry, providing Operations and Maintenance (O&M) for
over 50% of the sector's activity.

 

ABP has a strong track record of commitment to investment in port
infrastructure, having invested around £750 million over the last 5 years in
our ports and surrounding areas.

 

Details of ABP's future plan for Port of Barrow can be found here:
 https://www.abports.co.uk/future-ports-barrow/
(https://www.abports.co.uk/future-ports-barrow/)

 

 

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.

 

 

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