EnergyPathways secures funding for £800M Lancashire offshore energy hub

EnergyPathways has secured new funding to push forward its £800 million offshore energy hub, MESH. The project, located on the Lancashire coast, combines long-duration storage, gas, and green hydrogen in one facility. A recent financing deal with a global investor aims to speed up early development work before a final investment decision is made. MESH remains in the pre-FEED (Front-End Engineering Design) stage, needing further capital and backing from government, institutional investors, and industry partners. Despite this, the project has already gained parliamentary support and is structured to reduce reliance on government subsidies.

Max Williams, the CFO of EnergyPathways, has led the project’s financial progress since joining in April 2025. A Chartered Accountant with 30 years in energy and natural resources, he highlights the importance of aligning all stakeholders to secure funding for key milestones. His focus has been on building a strong team with technical, commercial, and project delivery expertise. The company is also integrating AI into accounting and energy management at MESH, with plans to expand its use as the project grows. Williams sees his main achievement as advancing MESH with consistent equity shareholder support, ensuring the project stays on track for future development.

The latest financing agreement moves MESH closer to its next phase, though further investment is still required. If successful, the hub could become a key part of the UK’s energy infrastructure, blending storage, gas, and green hydrogen production. The project’s progress now depends on securing broader stakeholder alignment and additional capital.