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EnergyPathways #EPP is delighted to announce it is to be awarded a Gas Storage License (GSL) by the North Sea Transition Authority for its flagship MESH project located in the East Irish Sea and onshore in Barrow-in-Furness. This decision marks a major milestone in the development of the wider MESH project, with the GSL spanning a substantial offshore area that could support up to 60 large-scale salt storage caverns with potential for multi terawatt-hour scale energy storage and is expected to be Britain’s largest integrated energy storage facility. The planned MESH Project has already been designated by the UK Government as a project of “national significance” and will comprise compressed air energy storage (CAES), natural gas storage transitioning to hydrogen storage and complementary hydrogen production for clean power and sustainable industry uses. EnergyPathways plans the following: ·      A natural gas storage facility that will double Britain’s meagre gas storage capacity and provide up to 6 days of national energy supply, securing Britain’s energy future and reducing its over-dependence on expensive gas imports. ·      CAES storage of 300 MW / 55 GWh capacity, which is expected to be Britain’s largest LDES facility. This will provide game-changing “days not hours” of electrical storage, essential to harness the billions of pounds of wind power currently being wasted and passed on to consumer bills; ·      Low-carbon dispatchable power generation that will be far cheaper than the expensive gas-fired power upon which Britain relies and which sets the power prices for all of Britain’s electricity, including renewables; ·      Low-cost hydrogen production capability that will be used to further decarbonise MESH dispatchable power and new sustainable industries planned in Barrow-in-Furness, including EnergyPathways’ proposed graphite production plant; and ·      A project that delivers homegrown energy and requires little or no government support at no added cost to consumer bills. EnergyPathways, along with its Tier One partners, including Siemens Energy, Costain plc, Wood plc and Zenith Energy will now progress the MESH project to a Final Investment Decision in 2028 and start up by late 2031. The Company has already initiated several funding and capacity offtake discussions.  EnergyPathways CEO, Ben Clube said: “I am delighted that we have met the NSTA’s criteria to offer EnergyPathways this crucial Gas Storage Licence, one of only two NSTA energy licence awards in the last two years. “The UK Government recognises MESH and other forms of long-duration energy storage as having a vital role in lowering energy prices, bolstering energy security and achieving a clean energy system." #MESH #EnergyStorage #CleanEnergy #LDES #GasStorage @energygovuk @Siemens_Energy @CostainGroup @ZenithEnergy

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#KDNC @CadenceMinerals - CEO Kiran Morzaria and @Alan__Green discuss the latest developments at Amapa, including the award of the Installation Licence for Azteca and Amapa. ✅ Cadence now moving from planning to putting engineers on the ground preparing Azteca for restart at the end of June ✅ Impact of Iran War and closing of the Strait of Hormuz on global markets. Resilience of the iron ore price. ✅ Wider Amapa picture and funding ✅ Sonora Lithium Project - LCM Funding have provided non-dilutive funding to prosecute the Mexican Government ✅ Near term milestones #ironore #Amapa #Azteca #Brazil Watch: youtu.be/gWzWNTsr4xQ