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Drax Group PLC

  • Tuesday, 24 September, 2024
    Drax commits $12.5bn for US power plants as group is lured by IRA tax breaks

    UK electricity company’s investment comes as US economy faces energy supply crunch from AI demands

    Residential housing in the village of Drax, near the Drax Power Station
  • Thursday, 29 August, 2024
    Drax sustainability ruling clears path for subsidy extension

    UK’s biggest power station to pay £25mn for historic data failings but Ofgem probe finds no evidence of environmental breaches

    The Drax power station with a rape seed field in the foreground
  • Tuesday, 14 May, 2024
    Shipping
    Arise, bioship

    Back to the future

  • Wednesday, 24 January, 2024
    LexEDF
    EDF’s UK nuclear woes may prove timely for Drax Premium content

    Investing in Drax is not for the faint-hearted, with political announcements knocking the share price

    Workers at the construction site of the Hinkley Point C nuclear power plant
  • Wednesday, 24 January, 2024
    UK energy
    UK cannot prove sustainability of biomass power plants, warns watchdog

    Government has failed to evaluate industry carbon footprint claims, says NAO

    A protester holds an anti-Drax placard
  • Thursday, 18 January, 2024
    UK energy
    UK prepares to extend subsidy for Drax biomass power station

    Ministers plan for bill-payers to continue paying levy beyond 2027 deadline despite criticism from green campaigners

    Generators and turbo alternators operate to produce biomass fuel in Drax’s power station near Selby
  • Friday, 8 September, 2023
    Investments
    Manifold sells before CRH listing switch to New York

    Building materials chief receives €3mn

    Employees at work on a US hotel project
  • Wednesday, 28 June, 2023
    UK energy
    Drax rules out keeping UK coal plants open this winter

    Power group’s decision comes despite government request to maintain North Yorkshire facility

    Aerial image of Drax power station
  • Thursday, 15 June, 2023
    UK energy
    UK’s National Grid in talks with Drax to keep coal plant online

    Electricity network operator seeks deal with UK power company amid concerns over more energy market shocks

  • Wednesday, 31 May, 2023
    Drax faces formal investigation over wood pellets burnt for power

    Shares in energy group weaken after regulator Ofgem escalates probe it began last year

    Biomass fuel storage tanks in the Drax power station near Selby, UK
  • Wednesday, 31 May, 2023
    Moral Money
    The coming crackdown on the ESG ratings industry Premium content

    Also in today’s newsletter, UK power provider Drax crosses the Atlantic

    Sacha Sadan, head of environmental, social and governance issues at the UK’s Financial Conduct Authority, speaking at the Moral Money Europe Summit
  • Tuesday, 23 May, 2023
    UK power group Drax in US push to take advantage of green tax credits

    Company to spend $4bn on two new biomass plants in southern US with potentially more to follow

    Biomass domes at Drax Power Station in North Yorkshire, England
  • Wednesday, 26 April, 2023
    Drax faces probe over sustainable biomass claims

    Ofgem commissions external audit into whether energy company complied with UK rules

  • Thursday, 30 March, 2023
    Lex
    Drax: fears over crucial carbon capture project upset market Premium content

    Rollercoaster ride follows failure of carbon capture project to make it on to UK government’s priority list

  • Monday, 12 December, 2022
    UK energy
    ‘Contingency’ coal plants stood down after first big test of UK’s resilience

    National Grid says power supply situation has improved after icy weather disrupts travel and closes schools in parts of country

    A general view of the Drax power station in Selby, England
  • Thursday, 11 August, 2022
    Lex
    Drax/Kwarteng: biomass is a bad solution to renewables challenge Premium content

    The UK should focus on energy that is unequivocally renewable: wind and solar

    Generators and turbo alternators to produce biomass fuel in a Drax power station near Selby
  • Thursday, 11 August, 2022
    UK energy
    UK minister questions sustainability of Drax biomass fuel

    Kwarteng says shipping wood pellets from Louisiana is costly and ‘doesn’t make any sense’

  • Wednesday, 10 August, 2022
    UK energy
    UK energy groups under pressure to use windfall profits for green investment

    Ministers Zahawi and Kwarteng to meet power executives to discuss remedies for soaring household bills

    Consumer with energy bill
  • Wednesday, 3 August, 2022
    Moral Money
    Determining what’s ‘green’ is harder than it seems Premium content

    Plus, how many high-polluting companies slide by in the bond market

    Smoke rises from the cooling towers of a power station at night, illuminated by blue and yellow lights
  • Friday, 13 May, 2022
    Investments
    Directors’ Deals: Drax chief recycles shares into cash

    Adjusted earnings expected to be at top end of expectations

  • Wednesday, 13 April, 2022
    Biomass
    Biomass industry lobbies to weaken proposed EU woodland protection

    Producers of wood-based fuels including Drax have objected to classifying some forest areas as ‘no go’ for harvesting trees

    Generators and turbo alternators operate to produce biomass fuel in Drax Group Plc’s power station near Selby
  • Sunday, 2 January, 2022
    Energy sector
    Climate change and the battle for Canada’s forests

    In British Columbia, a hub of biomass production, activists want stricter controls to protect ancient trees

    An ancient western red cedar tree on Vancouver Island, British Columbia
  • Wednesday, 1 December, 2021
    Drax accelerates push to biomass

    UK power company says it aims to double pellet production despite critics

    Generators and turbo alternators operate to produce biomass fuel at Drax’s power station near Selby, UK
  • Monday, 25 October, 2021
    Drax faces complaint about ‘misleading’ biomass emission claims

    Campaigners say power station wrongly portrays burning wood pellets as carbon neutral

    Cooling towers at sunset
  • Thursday, 23 September, 2021
    UK energy
    Drax could delay retirement of UK coal power plants if requested

    Generators have been called back into action to help plug energy supply gap

    The Drax power station in North Yorkshire
Previous page You are on page 1 Next page

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