Business
MESH Gas Storage Licence Application
MESH Gas Storage Licence Application.
About this update from Energypathways Plc
[{"type":"text","content":"\n\n \n \n19 August 2024\n \nEnergyPathways plc\n \n(\"EnergyPathways\" or the \"Company\")\n \nCompany Update\n \nEnergyPathways submits Gas Storage Licence Application for its Marram Gas field in the UK's East Irish Sea\n \nEnergyPathways (AIM: EPP), an integrated energy transition company, is pleased to report that it has submitted a gas storage licence application to the North Sea Transition Authority (NSTA) for its planned MESH (Marram Energy Storage Hub) project. The gas storage licence application covers an offshore area in the UK Irish Sea that includes the Company's 100% owned Marram Gas Field.\n \nThe planned MESH development is a major new energy storage facility that is expected to provide a secure and dependable supply of natural gas and green hydrogen for the UK market for at least 20 years. Storage infrastructure of this type helps address commodity price volatility in the local market and in turn supports lower energy prices for consumers\n \nMESH will be able to store a sufficient volume of energy to heat 2.2 million average UK homes over winter. MESH's underground geo-storage capacity is estimated will be ~50 billion cubic feet of gas, equivalent to the size of the Rough facility, which is currently the UK's largest gas storage facility.\n \nA number of major tier one engineering and energy companies, interested in participating in EnergyPathways' MESH development have provided letters of support for our gas storage licence application. EnergyPathways will be progressing negotiations with these companies in the coming months.\n \nThe MESH facility has been designed as a fully decarbonised and electrified zero emission facility to be powered by the renewable wind farms of the UK Irish Sea region to avoid any GHG emissions from venting and flaring. The gas produced from MESH will also have a carbon footprint emissions intensity approximately one tenth of that of imported LNG.\n \nIn the longer term, MESH is designed to potentially harness the UK's excess wind power by producing and storing green hydrogen. With wind curtailments currently costing UK consumers over £1bn per year and set to increase to £5bn by 2035, MESH offers a major new Long Duration Energy Solution for the UK's expanding renewable wind sector.\n \nMESH's high quality geo-storage re...