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Drax

Venture Capital

Drax completes acquisition of biomass pellet producer Pinnacle Renewable Energy

Deal aims to shore-up Drax's wood pellet supply chain as it sets sights on global biomass and carbon capture growth

clock 13 April 2021 • 3 min read

Biomass

Deploying bioenergy with CCS could save UK £4.5bn, Drax claims

Report commissioned by energy firm argues BECCS technology offers climate and cost benefits for decarbonising UK energy system

clock 11 April 2021 • 4 min read

Energy

'Incredibly risky': Campaigners urge policy-makers not to be seduced by unproven CCS

BECCS proponents argue the technology can play a critical role in helping the UK reach net-zero, but a group of campaigners and academics are arguing the government should direct subsidies to more proven technologies

clock 23 March 2021 • 7 min read

Energy

Capacity Market: Are the UK's £350m of gas power subsidies compatible with net zero goals?

1.4GW of new gas power won £350m of funding in the government's latest Capacity Market auction, held last week, sparking concern among campaigners

clock 16 March 2021 • 6 min read

Energy

Drax abandons plans for controversial 3.2GW gas power plant

Energy firm announces it will not develop new gas fired power at its site in North Yorkshire as it looks to focus on biomass and carbon capture plans

clock 25 February 2021 • 4 min read

CCS

C-Capture raises £8m to accelerate carbon capture technology development

Funds raised from shareholders such as Drax and BP Ventures will support development of solvent-based CO2 capture technology, according to firm

clock 23 February 2021 • 2 min read

Energy

Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

But Imperial College London analysis warns emerging technologies and negative emission power plants are likely to be needed to unlock full decarbonisation of the grid

clock 15 February 2021 • 3 min read

Energy

New gas power projects are a headache for the UK's COP26 team

Drax's 3.2GW North Yorkshire gas plant is now in doubt, but other power companies are still set to waste public money on gas, argues Ember's Phil MacDonald

clock 15 February 2021 • 4 min read

Energy

Speculation mounts over future of Drax's controversial 3.2GW gas power project

Reports suggests energy giant could shelve plans for new gas plant, despite recent court victory

clock 11 February 2021 • 3 min read

Investment

Drax strikes £436m deal for biomass producer Pinnacle Renewable Energy

Energy firm to snap up leading manufacturer and distributors of industrial wood pellets to supply its biomass energy plants

clock 09 February 2021 • 4 min read
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