EnergyPathways PLC Partners with Siemens Energy to Revolutionize UK Grid Storage
Key Ideas
  • EnergyPathways PLC collaborates with Siemens Energy on the MESH energy storage project, combining hydrogen, compressed air, and natural gas storage for flexible power supply to the UK grid.
  • Siemens Energy's involvement signifies EnergyPathways' potential in the energy transition sector, leveraging expertise in renewable power, hydrogen, and smart grid technologies.
  • The MESH project addresses challenges of excess renewable power and backup capacity needs in the UK, potentially unlocking £6 billion of renewable value by 2030.
  • Investors can anticipate updates on technical progress with Siemens, partnerships with Hazer Limited and KBR, and upcoming license developments for the MESH project.
EnergyPathways PLC, listed on AIM (ticker: EPP), has announced a strategic partnership with Siemens Energy to advance the MESH integrated energy storage project in the UK. The project aims to deliver flexible and dispatchable power to the grid by combining hydrogen, compressed air, and natural gas storage. Siemens Energy will focus on feasibility and engineering designs for long-duration energy storage components. CEO Ben Clube highlighted the significance of this collaboration in addressing challenges faced by renewable energy, particularly wind, in reaching the market due to grid constraints. The MESH system plans to store hydrogen and compressed air in offshore salt caverns alongside natural gas storage in clastic reservoirs. By co-locating these assets, the project aims to offer various energy supply solutions, ensuring excess renewable power is absorbed and providing backup capacity during low wind periods. This strategic approach aligns with the UK's transition to renewable energy sources and the need for reliable power supply. Ben Clube emphasized the importance of partnering with Siemens Energy, a global leader in energy transition, as a testament to EnergyPathways' potential in the sector. The collaboration leverages Siemens Energy's expertise in renewable power generation, hydrogen technologies, and smart grid systems crucial for the UK's energy landscape. Looking ahead, the company plans to update investors on technical progress with Siemens Energy, the memorandum of understanding with hydrogen firm Hazer Limited and KBR, and the forthcoming licensing milestones related to the MESH project. By integrating multiple storage solutions and addressing grid constraints, EnergyPathways aims to drive affordable and sustainable energy solutions for the UK market.
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