In the UK, Drax was notified on Tuesday that the Financial Conduct Authority has commenced an investigation into the company covering the period January 2022 to March 2024 relating to certain historical statements regarding Drax’s biomass sourcing and the compliance of Drax’s 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance […]
In the UK, the Environment Agency has opened a second consultation into a permit variation application from Drax Power Limited in Yorkshire. The operator first applied for the variation in May 2023 to request permission to incorporate carbon capture at its bioenergy plant near Selby. At the time, the Environment Agency held a public consultation […]
In New York state, Elimini, a new US-based business with an ambition to be a leader in carbon removals, has been launched at Climate Week NYC. The company is dedicated to permanently removing carbon from the atmosphere while generating renewable, 24/7 power. Elimini will pair 24/7 renewable energy production with carbon capture technology through BECCS […]
In the UK, on May 31, 2023, Ofgem opened an investigation into whether Drax Power Limited was in breach of annual profiling reporting requirements relating to the Renewables Obligations (“RO”) scheme and other related matters. The investigation focussed on the data governance and controls Drax had in place to inform its reporting of profiling data […]
In the UK, DB Cargo UK announced that all trains operating for Drax Group at the UK’s largest renewable energy plant near Selby will now be powered by Hydro-treated Vegetable Oil. This switch to the environmentally friendly fuel is part of Drax Group’s ongoing efforts to reduce its carbon footprint. DB Cargo UK transports approximately […]
In the UK, 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. Drax joins Boeing as the second founder member of the Energy Innovation […]
