EnergyPathways PLC (AIM:EPP) CEO Ben Clube joined Proactive's Stephen Gunnion to discuss acceptance of the gas storage licence for its MESH project and the launch of the work programme, with a final investment decision targeted for 2028.
Clube said EnergyPathways is moving straight into the next development phase while preparing MESH to enter Ofgem's second cap and floor round for long-duration energy storage, a government support mechanism he described as critical to the project's financing journey.
The discussion focused on what sets MESH apart from conventional battery storage. While batteries typically provide one to two hours of power, MESH is designed to deliver multi-day supply, storing surplus renewable energy and dispatching it when generation falls short. "We could be very competitive in that market, we'll be lower cost to that market," Clube said, adding that MESH could help reduce the UK's dependence on gas-fired power, which currently sets electricity prices across the market.
Key milestones to watch include participation in the cap and floor process, securing a project partner, completing engineering studies and progressing regulatory approvals, all feeding towards commercial operation in 2031.
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