Drax is estimating that it is to take a £60 million hit from the impact of COVID-19 as its Customers business feels the bite due to plummeting demand.
Drax is transitioning its executive management structure for its generation business.
Drax CEO Will Gardiner spoke to Current± about why ending coal made sense, what will happen to the remaining units post-2022 and how bioenergy alongside carbon capture and storage (BECCS) fits into the future energy mix.
Drax’s commercial energy supplier Opus Energy launches a 100% renewable electricity tariff.
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.
Drax has announced its intention to become the first company in the world to be carbon negative by 2030.
According to new analysis by Carbon Brief, in Q3 this year the UK’s windfarms, solar panels, biomass and hydro plants generated 29.5 terawatt hours (TWh) of power, while coal, gas and oil generated just 29.1TWh.
Drax Group is to launch Europe’s first bioenergy carbon capture storage (BECCS) project, claiming that its success could bring ‘carbon negative’ power to North Yorkshire.
Drax Power has hit back at a report which questioned the economic case for biomass, insisting the technology was the “only reliable, flexible” renewable that can be deployed at scale in the UK.