Companies from business, finance, academic and civil society have called on the UK government to commit to stronger and more consistent carbon pricing.
Zero Carbon Humber has sent an open letter to energy minister Kwasi Kwarteng, calling on the government to back a major funding bid.
The Zero Carbon Humber Partnership has made a £75 million public and private sector funded bid.
A proposal for funding to develop a comprehensive plan for decarbonising the Humber has been submitted to the government’s Industrial Decarbonisation Challenge Fund.
Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
Drax’s Cruachan Power Station has started to provide National Grid ESO with inertia as part of a six-year contract.
A pilot bioenergy with carbon capture and storage (BECCS) project is to take place in a partnership between Drax and Mistubishi Heavy Industries Engineering (MHI).
Drax has revealed it is working on what it is lauding as a ‘ground-breaking’ polyphase SMETS2 smart meter.
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.