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Trading Update – Strong Performance, Disciplined Capital

RNS Number: 7940L Drax Group plc ("Drax" or the "Group"; Symbol:DRX) Highlights Strong performance – Flexible Generation(1), Pellet Production and Biomass Generation Progressing target for >£500 million EBITDA post 2027 from FlexGen(1) and Pellet Production UK energy system operator confirms large-scale biomass required for 2030 clean

Drax energy

Drax Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquartered in Northampton, United Kingdom.

Drax And Pathway Energy Announce First In Series Of New US

1 天前· Drax Group, a leading UK-based renewable energy company, and Pathway Energy LLC, a carbon-negative energy firm, have entered into a multi-year agreement, which outlines the potential for Drax to supply over 1 million tons of sustainable biomass pellets annually to Pathway''s proposed sustainable aviation fuel (SAF) plant situated on the US Gulf Coast.

30 organisations in Yorkshire awarded grants from Drax

Renewable energy leader Drax has announced that 30 organisations will receive £22,000 as part of the latest round of grants from its community fund. The funding will go to 30 organisations in Yorkshire, where Drax owns and operates the UK''s largest power station. Drax Power Station near Selby, in North Yorkshire, generates enough reliable

Energy Security in the UK

BECCS at Drax is believed to be the only credible, large-scale carbon removals option that could deliver energy security and support the UK''s 2030 Greenhouse Gas Removals target A bridging mechanism, a key enabler of BECCS, applied prior to the start of BECCS operations could save billions particularly if gas prices spike

What is renewable energy?

These differ to non-renewable energy sources such as coal, oil and natural gas, of which there is a finite amount available on Earth, meaning if used excessively they could eventually run out. Renewable resources can provide energy for a variety of applications, including electricity generation, transportation and heating or cooling.

Drax and Pathway Energy agree heads of terms on sustainable

1 天前· Drax Group and Pathway Energy LLC have reached heads of terms on a multi-year deal that could see Drax supply over 1 million metric tons of sustainable biomass pellets each year

Picture perfect

Renewable energy leader Drax is marking 50 years since Drax Power Station began generating electricity with a brand-new public exhibition at Selby Abbey. The exhibition, Drax Power Station: Powering Britain for 50 Years, celebrates the unique history of the power station, exploring the crucial role it plays in the UK''s power system and the

UK''s Drax Looks to Aviation Fuel for Its Wood Pellet Business

1 天前· Drax Group Plc plans to provide wood pellets to produce sustainable aviation fuel in the US as it seeks to grow its feedstock business. The UK biomass generator, which makes and

Sustainable Bioenergy

The biomass industry, and Drax''s role within it, has been to drive up sustainability standards, by using the latest science to better understand the forests we source from, improving silviculture practices and encouraging further growth so forests stay as forests. Biomass is a small but important part of the wider spectrum of forest-based industries that complements and supports

Drax empowers the next generation with valuable carbon capture

BECCS at Drax will also require upskilling and re-skilling the workforce, helping facilitate the green skills of the future, essential for the energy transition. Developing BECCS

University of Sheffield''s Energy Innovation Centre partners with Drax

Renewable energy company Drax has become the latest founder member of the University of Sheffield''s newly-launched Energy Innovation Centre. The new partnership will drive forward research into next-generation carbon capture technology, including innovations in bioenergy with carbon capture and storage, or BECCS.

3 Ways BECCS Will Provide Energy Security and Reduce Carbon

Energy demands are increasing in the U.S. and around the world, and energy systems are struggling to keep pace. From the voracious energy consumption of AI, data centers, electric vehicles, changing climates, and population movements, states and energy networks are looking at how to keep up with demand, particularly during peak periods of strain.

The technologies transforming the next decade of

The wind turbine has become an icon of renewable energy, but this could change – not because of a decrease in wind energy, but in a transformation in how they look. Innovation in the wind energy space has led

About us

About Drax Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland.

Picture perfect – Photo exhibition for Drax Power Station''s golden

Renewable energy leader Drax is marking 50 years since Drax Power Station began generating electricity with a brand-new public exhibition at Selby Abbey. The exhibition, Drax Power Station: Powering Britain for 50 Years, celebrates the unique history of the power station, exploring the crucial role it plays in the UK''s power system and the

Drax says 2030 plan needs biomass

18 小时之前· The boss of Drax says its biomass plant in Yorkshire will have a big part to play in the 2030 plan announced today.. The Drax plant near Selby, is the UK''s single largest source of renewable

A prosperous future needs energy security and carbon removals –

BECCS also offers these industries, that depend on energy-intensive processes, an alternative source of power from fossil fuels. Baringa''s analysis found that Drax''s proposals for BECCS at Drax Power Station could save the UK up to £15bn in whole economy costs in meeting the country''s net zero goals between 2030 and 2050.

[Carbon Capture Magazine article] Spiking Energy Demand

This story first appeared in Carbon Capture Magazine. By Raj Swaminathan, Senior Vice President at Drax. While there''s little debate that the greenhouse gas emissions that sit at the heart of our planet''s unprecedented warming come from fossil fuel consumption and other human activities, clawing back these carbon outputs is a multi-faceted issue. In

UK''s largest renewable power station lights up for Poppy Appeal

Photo caption: L-R: Andy Lewis, Gav Kirk, Bruce Heppenstall (Drax Power Station Plant Director), Louie Munton and Christian Reeve. Media contacts: Kieran Wilson E: [email protected] T: 07729092807. About Drax. Drax''s purpose is to enable a zero carbon, lower cost energy future.

Drax and Pathway Energy agree heads of terms on sustainable

2 天之前· UK-based renewable energy leader Drax Group (Drax), and Pathway Energy LLC (Pathway), a carbon negative energy company, have reached heads of terms on a multi-year

Drax and Pathway Energy agree heads of terms on sustainable

1 天前· Drax Group and Pathway Energy LLC have reached heads of terms on a multi-year deal that could see Drax supply over 1 million metric tons of sustainable biomass pellets each year to Pathway''s proposed SAF plant on the U.S. Gulf Coast. Drax Group and Pathway Energy LLC have reached heads of terms on a multi-year deal that could see Drax supply

''Renewable energy apprentices'' kickstart careers at Drax

Drax''s pellet mills supply around 30% of the biomass used at its own power station in North Yorkshire, England to generate flexible, renewable power for the UK''s homes and businesses. Customers: Through its two B2B energy supply brands, Haven Power and Opus Energy, Drax supplies energy to 250,000 businesses across Britain.

World-leading engineering team appointed to Drax''s Cruachan

Drax is progressing an option to expand its existing Cruachan pumped storage facility in Scotland through the construction of a new 600 MW power station.Built adjacent to the existing underground plant, the new power station would effectively more than double the site''s total generation capacity to more than 1 GW.

Drax And Pathway Energy Announce First In Series Of New US SAF

1 天前· Drax Group, a leading UK-based renewable energy company, and Pathway Energy LLC, a carbon-negative energy firm, have entered into a multi-year agreement, which outlines the

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