Drax to take £60m COVID-19 hit as its supply arm falters
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.
Articles tagged with: drax
Centrica, SSE join Zero Carbon Humber CCS project in eleven-strong consortium
Zero Carbon Humber project expands as eleven energy and industry companies form a consortium to develop a decarbonised industrial cluster.
Drax to shakeup management structure for generation business as Andy Koss steps down
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.
Opus Energy becomes latest supplier to launch 100% renewable tariff
Drax’s commercial energy supplier Opus Energy launches a 100% renewable electricity tariff.
Drax to end coal generation in 2021 after debt soared to £841 million in 2019
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.
National Grid ESO claims world first approach to inertia, awarding £328m in contracts
Five companies are to provide National Grid ESO with inertia without the need to simultaneously provide electricity.
Drax sets sights on becoming first company in the world to be carbon negative by 2030
Drax has announced its intention to become the first company in the world to be carbon negative by 2030.
GB needs tenfold increase in energy storage for net zero, research claims
Great Britain will need at least 30GW of energy storage if it hopes to reach net zero by 2050, according to new research.