Drax shares soar as firm announces buyback and expects profit at ‘top end’ of estimates Business Power generation group Drax reported an increase in profit in the first half and forecast that its earnings for the full year would come at the "top end" of expectations.
Drax trading on track for the year as it awaits Westminster’s carbon capture sign-off ENERGY Drax awaits the green light from the government on a bridging mechanism for its carbon capture project
Active Energy seeks buy-out on its wood-coal biomass hybrid eNERGY The company has been trying to develop a greener, coal-wood hybrid form of biomass
UK carbon capture strategy ‘outdated and unrealistic’ as costs doubled to £20bn March 13, 2024 Will Gardiner, chief executive, said the group continues to play an "essential role," in the UK's power mix
Drax bumps up dividend as pellet-burning fuels bumper profit February 29, 2024 Will Gardiner, chief executive, said the group continues to play an "essential role," in the UK's power mix
UK government greenlights second stage of controversial Drax carbon capture project January 16, 2024 The decision letter, published this afternoon penned by the energy security and net zero minister Claire Coutinho, said that the government is satisfied the site can achieve 95 per cent capture efficiency and approved the site's zero rating.
Drax shares jump over nine per cent as company expected to win multi-billion pound carbon capture contract January 8, 2024 Drax's carbon capture storage programme could be set for multi-billion pound government sign-off
Green Britain: Fossil fuels fall to just 35 per cent of UK energy supply January 2, 2024 Britain’s energy mix is at its greenest ever according to the latest figures from Drax, one of the country’s largest electricity generators. The energy company said the UK had its greenest year on record in 2023, according to the Times, with renewable and cleaner energy imported from Europe pushing fossil fuels out of the energy [...]
Government facing legal challenge over burning trees for energy in net-zero plan November 13, 2023 The case alleges that the Government’s Biomass Strategy is unlawful and will undermine the UK’s ability to achieve net zero by 2050.
Drax sustains its biomass hopes with carbon capture push November 2, 2023 Drax's biomass terminals have been at the centre of controversy in the UK's push to reach net zero and bolster energy security.