UK's biggest 'renewable' power station could lose its …
By Ben Gartside, Daniel Capurro. April 6, 2023 6:00 am. One of the UK's biggest power plants could lose its Government funding due to an Ofgem probe into alleged "greenwashing". Drax, which ...
Soaring electricity prices could add £500m to value of energy firm Drax
On some days this has earned the company up to £4,000 a megawatt-hour or 100 times the typical market price for electricity. Drax's share price went above 500p a share for the first time since ...
Drax Power Station
The UK's largest renewable power station. Drax Power Station has a long, proud history of playing a central role in producing the UK's electricity. It is already the home of the largest decarbonisation project in Europe …
Green groups dispute power station claim that biomass is …
Drax was once one of the largest coal power generators in Europe before it converted four of the generating units at its North Yorkshire site to burn biomass instead. It received over £800m in ...
Drax to Acquire Pinnacle Renewable Energy – a Major
Drax is the largest decarbonisation project in Europe having converted the UK's biggest coal-fired power station to use sustainable biomass, delivering carbon savings of more than 80%.
Drax BECCS – CCUS around the world – Analysis
The long-term plan for the full-scale plant is for permanent geologic storage. The commercial scale BECCS project from Drax would be part of the proposed Zero Carbon Humber CCUS hub in the UK. This project aims to create the world's first net zero industrial cluster by 2040 using a new, purpose-built CO 2 and hydrogen pipeline network.
Drax: Legal action against power station owners dropped
Drax Power Ltd denied the allegations. Legal proceedings were started by HSE looking at the control of exposure to wood dust contained in biomass after it was told about the employees in October 2015.
Subsidies for Drax biomass | Ember
Last week's annual report from Drax, Europe's largest biomass power generator, reveals the scale of the public subsidies the company is receiving.These subsidies push up energy bills, but are not guaranteed to reduce carbon emissions – in fact, Drax is the UK's single largest CO2 emitter. In 2021 Drax earned £893m (2020: £832 …
Q1 2023 Trading Update and £150 Million Share Buyback Programme
2023 Adjusted EBITDA(1) expectations in line with analysts' consensus estimates(2) Final dividend of 12.6 pence to be paid subject to shareholder approval at today's AGM. Total dividend for 2022 – 21.0 pence per share (2021: 18.8 pence per share) £150 million share buyback programme to commence in Q2 2023.
Drax faces penalty after Canadian biomass plant fails …
Power giant Drax if facing a penalty after one of its biomass plants in Canada failed to submit an annual report on pollutant emissions to the country's environment …
Drax agrees to extend life of coal-fired power units over winter
Alex Lawson Energy correspondent. Drax has agreed to extend the life of its coal-fired electricity generation units through this winter as the government scrambles to shore up Britain's energy ...
Full year results for the twelve months ended 31 December 2021
Adjusted EBITDA £398 million (2020: £412 million) Strong liquidity and balance sheet – £549 million of cash and committed facilities at 31 December 2021. Expect to be below 2x net debt to Adjusted EBITDA by the end of 2022. Total dividend – 10% increase to 18.8 pence per share (2020: 17.1 pence per share)
The 'green' row over the UK's largest renewable power plant
In 2020, Drax generated 11% of the UK's renewable power - enough for four million homes. While the UK is by far the largest consumer of wood pellets, globally, biomass is a massive industry that ...
UK energy strategy casts doubt on Drax's carbon capture …
Last modified on Thu 30 Mar 2023 12.51 EDT. The energy company Drax will immediately enter talks with the government after its energy strategy cast doubt over its £2bn carbon capture project and ...
Power giant Drax told by own advisers to stop calling
This science is disputed, but the UK government classes bioenergy as renewable. This qualifies Drax for subsidies of around £1.7 million a day for providing about 6% of the country's electricity.
UK accused of funding environmental racism with subsidies to Drax
Sam Quashie-Idun, and Damien Gayle. The UK government has been accused of funding environmental racism by giving £2m a day in subsidies to an energy company that has paid out millions over claims ...
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Visit Skylark Centre and Nature Reserve, Drax Power Station; Visit Power Stations. Visit Cruachan Power Station; ... biomass and pumped storage hydro offer reliable sources of power to secure the UK electricity grid. Read More. Track-1 expansion process update. The Department for Energy Security & Net Zero ("DESNZ") has, as part of a market ...
Drax: Selby power station workers to walk out in …
Drax power station near Selby in North Yorkshire produces 7% of the UK's electricity Workers at the UKs biggest power station, Drax, near Selby, have announced plans to stage a series of nine ...
Call to cut UK subsidies as Drax power station profits nearly …
Ministers are under pressure to cut subsidies to the operator of Britain's biggest power station after it reported an 84% increase in annual profits, helped by high electricity prices. Drax, the ...
The Greenwashing Files
Climate pledges. Drax says it is the world's leading sustainable biomass energy and supply business. It operates the huge Drax power station in the North of England, which it says is the UK's biggest renewable power station, providing 6% of the UK's electricity.. In December 2019, Drax announced that it plans to become "carbon negative" by 2030. . …
Net zero tsar and senior Tories among those …
The UK government should rethink its subsidies for burning wood for fuel, former Conservative ministers and the net zero tsar have said. The energy company Drax, which burns forest biomass, made ...
Drax: UK power station owner cuts down primary …
The Drax power station in Yorkshire is a converted coal plant, which now produces 12% of the UK's renewable electricity. It has already received £6bn in green energy subsidies.
About us
Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK's largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada ...
National Grid in talks with Drax to revive coal-fired units
First published on Thu 15 Jun 2023 03.00 EDT. National Grid has held talks with Drax over bringing two coal-fired units at its vast power plant in North Yorkshire out of retirement to prevent ...
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The UK's largest renewable power station. Home of the largest decarbonisation project in Europe, Drax Power Station in North Yorkshire provides the most renewable power of …
Accelerating the development of CCS clusters could …
If the UK does fulfil its ambitions, it will be worth an additional £23bn per year from 2050 and an additional 310,000 jobs. Richard Gwilliam, UK BECCS Programme …
Cost of turning off UK wind farms reached record high in 2021
The cost of turning off UK wind farms to manage the electricity system rose from almost £300m during 2020 to over £500m in 2021, contributing to higher energy bills and carbon emissions, according to a new report. Costs increased substantially because the system relied on expensive gas power to manage periods when wind power was …
Drax faces probe over sustainable biomass claims
The Drax power station biomass plant for burning wood pellets. ... Under UK rules, at least 70 per cent of a power generator's woody biomass consignment must be classified as sustainable.
Deployment of bio-CCS: case study on bioelectricity
the latter. UK-based Drax operates a very large power station in northern England that over the recent decade has been converted from coal to biomass and is currently exploring opportunities to implement CCS at its facility. 1.2 BIO-CCS AT DRAX: BACKGROUND Drax Group plc is a vertically integrated energy company.
Firm that receives millions from govt in court over concerns …
HSE alleges that dust from the wood pellets burned at Drax's power station, the UK's largest biomass facility, could have threatened employee health, Sky News has learned.