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LONDON - EnergyPathways plc (AIM:EPP), an integrated energy transition company, reported a loss of £607,201 for the six months ended June 30, 2025, compared to a loss of £550,159 in the same period last year, according to a press release statement.
The company’s cash position stood at £695,335 at the end of the period, down from £857,650 at December 31, 2024. During the period, EnergyPathways raised £743,692 through a subscription by existing shareholders and directors.
The company reported progress on its Marram Energy Storage Hub (MESH) project, including the selection of a development design following pre-FEED (Front End Engineering Design) activities with strategic partners. EnergyPathways also engaged Zenith Energy Ltd. as its well engineering department and began preparation for an application to the Marine Management Organisation for a compressed air storage license.
After the reporting period, EnergyPathways signed a memorandum of understanding with Hazer Group Ltd for the use of proprietary hydrogen production technology, engaged Siemens Energy Limited to conduct a feasibility assessment of MESH, and hired Costain Group PLC to assess onshore facility options. The company also submitted an application for direction under Section 35 Planning Act 2008 and raised an additional £400,000 through a placing and subscription with warrants.
EnergyPathways is developing MESH in the UK Irish Sea as a decarbonized, fully electrified storage facility designed to supply natural gas and green hydrogen to the UK market. The company stated it is working to align the project with UK government energy policy for both energy security and net zero goals.
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