AIM-listed EnergyPathways, the UK energy transition company, has announced the publication of its Annual Results for the year ended 31 December 2025 and Notice of Annual General Meeting.
Period Highlights:
- Long Duration Energy Storage element of MESH designated a development of "national significance"
- Application for Gas Storage Licence submitted in November 2025
- Launched engineering studies for a hydrogen and graphite production plant using Hazer Group Ltd proprietary hydrogen production technology licensed with KBR Inc ("KBR").
- Engagement of key industry partners, including Siemens Energy Limited, Zenith Energy Ltd, Wood Group PLC and Costain Group PLC.
- Loss for the period £1,659,501 (2024: £1,203,671). Cash at year end of £1,092,759 (2024: £857,650)
Post period-end:
- Launch of FEED for Long Duration Energy Storage project
- Submitted proposed MESH gas storage development to DESNZ as part of response to consultation "Gas System in Transition: Security of Supply"
- Signed £15 million Financing Agreement
- Grant of Gas Storage Licence GS009 in May 2026
- Collaboration Agreement with Associated British Ports to jointly evaluate Port of Barrow location for MESH onshore facilities
- Appointment of Alison Flower as Non-Executive Director and Martyn Millwood Hargrave as Chief Scientific Officer
Notice of AGM
The Company's Annual General Meeting ('AGM') will be held at 10.00 a.m. on 22 July 2026, at the Royal Over-Seas League, 6 Park Place London SW1A 1LR
To be valid, proxy votes must be received by the Company's registrar, Share Registrars, as soon as possible and in any event no later than 10.00 a.m. on 20 July 2026.
A copy of the Notice of AGM, together with the Annual Report, will be posted to shareholders on 30 June and will be available to view free of charge on the website of the Company at www.energypathways.uk.
Commenting on the results and outlook, CEO Ben Clube said:
'EnergyPathways has achieved much over the past 12 months, but there is still important work ahead. The direction of travel, however, is firmly with us. MESH has a major contribution to make to the UK energy landscape, and as CEO, I am excited to be leading a strong and experienced team capable of bringing this project into commercial operation by 2031 and building on our groundbreaking technology solution.
'Looking ahead, the next 12 months will be critical, as we will enter MESH into the LDES Cap and Floor second window, begin the Development Consent Order process, seek additional licences from the North Sea Transition Authority, finalise commercial agreements with supply chain partners and secure new growth opportunities. The value prize is enormous and into the billions of pounds: with the continued support of our current and future shareholders, MESH can help reshape and strengthen the UK's energy future while unlocking considerable value for our shareholders.'
Source: EnergyPathways
