Renewables power Drax group to strong 2024 results
Drax Group has hailed strong operational and financial performance in 2024, driven by increased renewable energy generation.
Drax Power Station
Biggest UK carbon emitter Drax receives £550m in green subsidies per year
The Drax power station in Yorkshire receives £550 million per year in green subsidies despite being the largest single carbon emitter in the UK, a report has found.
UK subsidies for fossil-fuel power plants swell to record
The UK will continue to subsidize fossil-fuelled power plants into the second half of this decade with operators paid a record fee to stay open.
UK approves Drax plans for bioenergy CCS project in Yorkshire
Carbon emissions captured from the Drax Power Station bioenergy units will be stored offshore as part of the Northern Endurance Partnership CCS project led by BP and Equinor.
National Grid puts coal power on standby to meet UK cold snap
Grid manager National Grid ESO has put two coal-fired power plants on standby in the event that energy supplies are disrupted by a wave of cold weather gripping the UK.
Worley lands CCS contract for Drax Power Station
Engineering giant Worley (ASX: WOR) has landed a carbon capture and storage (CCS) services contract for the Drax Power Station in North Yorkshire.
Report: Deployment of biomass and CCS at Drax Power Station could save UK billions
The deployment of biomass with carbon capture and storage (BECCS) at Drax Power Station could save the UK billions of pounds over the coming decade.