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Drax completes acquisition of biomass pellet producer Pinnacle Renewable Energy

Business Green

Deal aims to shore-up Drax's wood pellet supply chain as it sets sights on global biomass and carbon capture growth. Drax has completed the acquisition of leading wood pellet producer Pinnacle Renewable Energy, in a move aimed at shoring-up the supply chain for its growing biomass energy and carbon capture ambitions.

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Drax fires up plans for fleet of pellet plants to supply UK biomass operations

Business Green

UK energy firm to begin construction of first of three biomass pellet plants in North America later this month in bid to bolster supply chain for sustainable feedstocks.

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Drax boosts biomass ambition with plan to double production of wood pellets

Business Green

Firm announces new wood pellet production and sales targets as it confirms intention to build global fleet of bioenergy and carbon capture and storage plants. As a global leader in negative emissions, we're going to scale up our ambitions internationally," Gardiner said.

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

Business Green

Deploying carbon capture technologies at Drax's biomass power plant in North Yorkshire could save the UK energy system more than £4.5bn in decarbonisation costs over the coming decade, a new report commissioned by the energy firm today claims.

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Bechtel working with Drax to build biomass plants with carbon capture & storage

Renewable Energy World

Power plant engineering and construction giant Bechtel is partnering with a renewable energies company to explore the potential of bioenergy production sites combined with carbon capture and storage. The EPC firm announced its strategic agreement with Drax to create Bioenergy with Carbon Capture and Storage (BECCS) plants around the world.

Carbon 85
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Smart Energy Finances: Shell’s EV network acquisition and energy investment megatrends

Smart Energy International

AI and digitisation According to investors, AI and digitisation is recognised as the number one megatrend across all regions surveyed – Europe, Middle East and the US. In the US and Europe, survey data suggest that these key themes are considered key investment trends that will define the next 30 years.

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Global gas squeeze highlights need for security of supply – report

Smart Energy International

Last year closed with record high spot prices for gas in Europe and Asia, as the natural gas supply remained constricted. Gas prices and fossil fuels reach record highs in Europe – report Avenues for growth within the energy and environment industry. It isn’t just Europe being affected by high gas, and thus electricity, prices.