• Development of a high-grade graphite and low-carbon hydrogen production plant in Barrow-in-Furness, UK
• Both parties to assess the commercial viability of Hycamite’s proprietary and technically proven methane splitting and carbon processing technology to produce high grade graphite
• The estimated cost of hydrogen for EnergyPathways’ plant is expected to be competitive with blue hydrogen and lower cost than green hydrogen currently expected in the UK
• EnergyPathways is also evaluating blending produced hydrogen with nitrogen to produce commercially viable volumes of ammonia for the global fertiliser market
• High grade graphite, formally identified by the UK Government as a critical growth mineral, to be sold by the Company in key high value export markets and to clients in the energy transition business

EnergyPathways (EPP), the UK energy transition company, has signed an agreement with Finland’s Hycamite to evaluate Hycamite’s low-carbon hydrogen and graphite production technology for EPP’s planned hydrogen production plant.

EPP plans to develop a 20,000 tonne per annum hydrogen plant and a circa 60,000 tonne per annum graphite plant at ABP’s Port-of-Barrow in Barrow-in-Furness, Cumbria, UK. The production plant will form a part of EPP’s MESH energy storage project in the East Irish Sea and at Barrow-in-Furness.

Both the UK Government and the European Commission have designated graphite as a critical mineral. It is a vital raw material used in the manufacture of electric vehicle batteries and fuel cells, as well as in aerospace and defence technology.

Accordingly, EPP will be making a grant application to the UK Government’s Critical Minerals Accelerator programme to support its graphite production plans. This UKRI-led funding programme, announced by the UK Department for Business, Innovation, Science & Trade in August 2026, aims to support the commercialisation of innovative solutions for critical minerals, spanning extraction, processing, sales and recycling.

Ben Clube, EnergyPathways’ CEO said:

“We are excited to be working with Hycamite to explore the use of their pioneering and proven technology within our MESH project.  Domestic production of graphite offers huge benefits to the UK, in particular supporting the country’s industrial and defence capabilities, whilst being a sizeable and long-term investment into Barrow’s economy.”

Polaris Battery Labs, an independent, commercial U.S. research laboratory, has confirmed the high quality of the natural gas-based battery graphite developed by Hycamite.

Matti Malkamäki, CEO of Hycamite said:

“In addition to producing low-carbon hydrogen, our technology creates an opportunity to produce material with a significantly smaller carbon footprint than before, at a competitive price, and in locations where mined graphite is not currently processed. This is necessary for the sake of the climate, economic growth, and security.”

EnergyPathways’ work with Hycamite will run in parallel with its work with Associated British Ports, exploring land options for locating the methane splitting plant and the carbon processing operations within the Port of Barrow.