LONDON - EnergyPathways plc (AIM: EPP), a UK-based energy transition company, has received Licence Operatorship approval from the North Sea (NYSE:SE) Transition Authority (NSTA) for Block 110/4a, encompassing the Marram Energy Storage Hub project (MESH). This approval is a significant step in advancing the project towards the submission of its Field Development Plan (FDP) and Environmental Statement (ES).
The company also announced the appointment of PDi Ltd to provide engineering study support for the Marram field development, particularly for the subsea tie-in connection of MESH. This move follows the recent selection of Wood plc as the lead engineering partner for the project. EnergyPathways is working with these partners to advance MESH through the engineering, construction, commissioning, and management stages.
Ben Clube, CEO of EnergyPathways, expressed his satisfaction with the NSTA's endorsement of the company's operational capabilities, which he views as crucial for staying on course to achieve a final investment decision (FID) on MESH later in the year. He also welcomed PDi into the MESH consortium, noting the company's extensive UK experience and leadership in project management and subsea capabilities.
MESH is poised to become the UK's largest natural gas and hydrogen energy storage facility, with an expected operational life of over 20 years. The facility is designed to store more than 500 million therms of energy and aims to start production by the end of 2029. It is expected to play a vital role in enhancing the UK's energy security and mitigating the impact of global energy price volatility. MESH is designed as a zero-emission facility, fully powered by renewable wind farms in the UK's Irish Sea region.
PDi Ltd is recognized for its project management and engineering consultancy services, with a focus on subsea, topsides engineering, and decommissioning activities in the energy sector.
This development is based on a press release statement and is part of EnergyPathways' commitment to supporting the UK's energy transition and the development of a hydrogen economy.
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