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EnergyPathways PLC rose 10% on a deal with Siemens Energy to store wind power, backed by UK grid funding.
EnergyPathways PLC surged 10% after announcing a non-binding deal with Siemens Energy to develop long-duration compressed air energy storage, aiming to store surplus wind power for use during high demand.
The UK’s Ofgem approved early funding for eight major transmission projects, including the Sealink line and SSE-led schemes, to accelerate offshore wind integration by 2030.
These moves support grid stability and the UK’s clean energy goals amid rising investor interest in renewable infrastructure and energy storage technologies.
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EnergyPathways PLC subió un 10% en un acuerdo con Siemens Energy para almacenar energía eólica, respaldado por fondos de red del Reino Unido.