EnergyPathways PLC (AIM:EPP) has announced a collaboration with Siemens Energy to advance the MESH integrated energy storage project, focusing on long-duration energy storage and compressed air storage for the UK grid. The project combines hydrogen, compressed air, and natural gas storage to address renewable energy challenges, with potential to unlock £6 billion of renewable value by 2030. Key partners include Hazer Limited and KBR, with upcoming updates on technical progress and licenses.

Engineering and construction firms are expected to raise 2025 guidance despite softer second-quarter bookings, with UBS predicting firms like Dycom, EMCOR, and Quanta to beat expectations. While some companies like KBR and Fluor face mixed results, others highlight strong cash flow and backlog growth as key drivers.

KBR, a Houston-based engineering firm, ranks No. 30 on Time magazine and Statista’s list of the U.S. best midsize companies, scoring 91.53 out of 100. The ranking evaluates companies based on employee satisfaction, revenue growth, and sustainability transparency. Other Houston-based companies on the list include MRC Global, Comfort Systems USA, Crown Castle, and Oceaneering. KBR reported $7.7 billion in 2024 revenue, a 11% increase from 2023.

EnergyPathways PLC (AIM:EPP) saw its shares rise 53% after announcing a partnership with Siemens Energy to lead a feasibility study for its MESH energy storage project. The project aims to store excess offshore wind power using compressed air or hydrogen and natural gas reserves to enhance the UK’s energy flexibility and support the country’s clean energy transition. The initiative involves collaboration with Wood Group, Hazer, and KBR.

The EPC market is projected to grow at a 3.2% CAGR from 2025 to 2032, driven by infrastructure investments, renewable energy transitions, and technological advancements. Key players like Azco, Sime, and Fluor are expanding into renewable energy and digital transformation, while STATS N DATA's data-driven strategies have improved efficiency for EPC contractors. The market emphasizes sustainability, digitalization, and modular construction to address global infrastructure and energy demands.