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The Latest Breaking News from Drax

US stocks rise on faster economic growth despite Nvidia nerves – as it happened

Live coverage as US GDP figures show faster economic growth but Nvidia share price falls in after hours trading

The Guardian - UK

British energy giant reports violating toxic pollutant limits at Louisiana wood pellet facilities

British energy firm Drax Global, already facing scrutiny for violating environmental regulations, disclosed this year that its Louisiana wood pellet production facilities emit hazardous air pollutants above permitted limits

The Independent UK

Biomass power station produced four times emissions of UK coal plant, says report

Drax received £22bn in subsidies despite being UK’s largest emitter in 2023, though company rejects ‘flawed’ research

The Guardian - UK

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Wood pellets production boomed to feed EU demand. It’s come at a cost to Black people in the South

Wood pellet production has skyrocketed across the US South to feed the European Union’s push

The Independent UK

Drax Group to give shareholders £300m windfall as profits rise

Owner of North Yorkshire power station earned £393m in government subsidies for biomass

The Guardian - UK

Drax Gets The O.K. For A Carbon Capture Project That Could Drain £40bn From Bill-Payers’ Pockets

The UK Government has recently given the green light for Drax’s project to install carbon capture technology at the North Yorkshire site.

inkl

Disney Lets Buyers Access Streaming Ad Inventory Via Google, The Trade Desk

DRAX direct unlocks incremental demand for Hulu, Disney Plus

Broadcasting & Cable

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Power struggle: fears for UK energy generation as green projects delayed

Path to relying solely on green power appears long as series of problems collides with reality of keeping the lights on

The Guardian - UK

Fury at plan to extend Drax subsidy to burn trees for electricity

Climate groups and MPs criticise proposals for consumers to foot bill to support biomass plant after existing scheme ends in 2027

The Guardian - UK

National Grid says blackouts less likely this winter

Higher gas storage levels in Europe help leave Great Britain in stronger position, says operator

The Guardian - UK

Drax denies use of subsidy loophole to avoid £639m payout to households

Bloomberg alleges Drax idled an electricity generating unit and resold its biomass pellets rather than return money to bill payers

The Guardian - UK

Scotland set for new £500 million pumped storage hydro plant - if UK steps up

APPROVAL has been granted to an energy firm for the construction of a new underground pumped storage hydro plant in Argyll.

The National (Scotland)

First Minister calls on UK Government to provide support for power storage

Drax has pledged to build a £500 million facility in Argyll and Bute if it receives support from the UK Government.

The Independent UK

Kirkcudbright's Dark Space Planetarium receives funding boost from Galloway Hydro owners

Drax Foundation has given the visitor attraction £25,000 to help improve access to science, technology, engineering and mathematics

Daily Record

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The Independent UK

Grant Shapps urged to end support for burning forest wood and crops for energy

Scientists and activists raise doubts over sustainability claims and whether biomass should be part of national net zero strategies

Birmingham Post

New Drax-based carbon capture and storage solution backed by government

Promethean Particles has been gratned funding from the Department for Energy Security and Net Zero

The Guardian - UK

UK to run only one coal-fired power plant this winter

Energy company Drax scraps plan to bring two others out of retirement to help guard against power cuts

Birmingham Post

Drax adds its weight to calls for faster action on UK's Net Zero targets as coal return ruled out

Climate Change Committee's latest report is backed by group CEO keen to invest in UK and US

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Daily Record

Salmon tagged to monitor progress down Dumfries and Galloway river

The journey of the 40 tagged salmon will be tracked using 33 receivers installed along the river bank

The Guardian - UK

European Central Bank raises interest rates to fight inflation; Nationwide to lift fixed mortgage rates – as it happened

UK mortgage holders face worst squeeze since 1990s crash, while Europe’s central bank hikes borrowing costs to battle inflation

The Guardian - UK

National Grid in talks with Drax to revive coal-fired units

Plans for North Yorkshire plant discussed as return of scheme to pay customers to reduce electricity during peak times confirmed

The Guardian - UK

Why did National Grid use coal to meet surge in electricity demand?

When rising temperatures put a strain on electricity supply on Monday, National Grid turned to coal to ease the pressure, rather than renewables

Birmingham Post

Entrepreneur engineers new Sunderland business after putting retirement on hold

Steve Tobbell, 63, launched new firm Tobbell Engineering Solutions after getting enquiries soon after leaving Nissan

Birmingham Post

Hargreaves workers to strike at Drax over pay dispute

The firm started a significant contract at the Selby power station in 2021

Insider UK

New business group launched to rival CBI ahead of crunch vote

The British Chambers of Commerce has managed to get the likes of BP, Heathrow and Drax onboard as founding members

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