7 months ago
EnergyPathways shares plunge 46% after gas storage licence rejection
Investing.com -- Shares of energy transition firm EnergyPathways (LON:EPP) plunged nearly 46% on Thursday after the North Sea Transition Authority (NSTA) declined to grant the company a gas storage licence.
The rejection affects only the natural gas and hydrogen storage elements of the company’s MESH project, according to EnergyPathways.
The MESH project is a large-scale energy storage hub in the UK designed to store natural gas, hydrogen, and compressed air.
EnergyPathways stated it will review resubmission of its licence application to the NSTA.
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