After todays excellent @RoastPR interview with CEO Ben Clube & with news flow stacked up ready to be announced, here’s a bite size investment case for #EPP @energy_pathways Overview The Marram Energy Storage Hub (MESH) comprises a gas storage project of 4 wells with pilot green hydrogen production that is set to harness the UK’s excess wind power through electrolysis. Gas storage will be developed across 2 phases with initial formation gas production followed by full gas storage operations Points of Interest - Key infrastructure investment with potential high-yield returns over a 25+ year project lifespan - MESH 100% owned - Operator License granted - Fully appraised field with 46bcf gas - Gas/Hydrogen Storage value double that of revenues from gas production phase - Gas storage capacity 15TWh (50bn cubic feet of gas) - Hydrogen storage 1.5TWh capacity - Potential to triple capacity of both gas & hydrogen storage with addition of Knox & Lowry licenses - Government #NetZero appeal, with Zero emissions via full electrification using renewable wind energy - @Woodplc appointed Lead Engineering Partner - @PDi_Ltd contracted for subsea tie in works - Adjacent to HYNET Cluster - MESH will use the UK’s oil & gas, & renewable workforce & businesses - EPP raised £352,000 from converted warrants (equal to 3 months cash burn) & entered into a loan agreement with Global Green Asset Finance for a total of £5.1m. The loan is designed to support the MESH project through the FEED phase with a view to reaching FID at the end of 2025 - EPP are in discussions with the government’s Department of Energy Security & Net Zero advisory committee regarding the hydrogen business model alongside major industry leaders - EPP has stated they’re assembling a partnership consortium of tier one partners. Including an Oil & Gas SuperMajor & one of the world’s largest wind energy companies. Wood Group already announced as Lead Engineering Partner - The MESH project could save the government £1bn a year in wind curtailment costs. By 2030 that amount is estimated to rise to £5bn a year. Therefore the likelihood of government funding & grants is high - UK energy storage is one of the lowest in Europe & is 1/10th that of Germany. Energy storage is critical for UK energy independence - The standard MESH storage capacity is equal to that of Centrica’s Rough Storage facility, and will be triple the size with approval of the additional Knox & Lowry licenses - Centrica has announced that they may decommission the Rough Facility as it requires £2bn of funding to bring it up to scratch. Therefore making the need for energy storage even more critical - MESH requires approx £71m investment to bring the project online. This is significantly lower than the £2bn CAPEX needed for Rough. With the addition of Knox & Lowry MESH would dwarf the capacity of Rough & come in under a tenth of the price. Attractive for both public & private sector investment - In my opinion funding will comprise of a combination of investment from the potential tier one partners & also investment/grants from the government - Only around 41% of the issued shares are in public hands - Current MCAP = £13.1m Anticipated Q1 news flow • Marram Gas Storage License Decision • Tier One Wind Power Partnership • Tier One Oil and Gas Partnership • Offtake Agreement: Gas Production • Offtake Agreement: Gas Storage • Offtake Agreement: Hydrogen • Knox and Lowry Gas Production & Storage License Decision • FEED Plan Completion • Possible Debt Financing • Government Project Shortlisting Sunday Roast Interview: For more info on how the MESH project works: