Mar 15, 2016

Energy Digital March 2016 Magazine is OUT NOW!!! Read the Latest Edition of Energy Digital Today.

Glen White, CEO Energy Digital
2 min
Latest Edition of Energy Digital - March 2016...

“People 'over-produce' pollution because they are not paying for the costs of dealing with it.” 

-- Ha-Joon Chang

The path to sustainability continues to be the hottest topic in the energy sector and this month’s edition of Energy Digital gets in how major companies like Google, Ikea, Sony, Walmart and Microsoft are using renewable energy in a big way. With companies and cities alike taking the pledge to go 100 percent renewable in the near future, we highlight some of the biggest initiatives underway in 2016 and the monumental benefits that come along with them.  

Also this month, we take a look inside the Breakthrough Energy Coalition, a committee made up of tech billionaires such as Bill Gates that look to accelerate the pace of private sector investment in clean energy. “The existing system of basic research, clean energy investment, regulatory frameworks, and subsidies fails to sufficiently mobilize investment in truly transformative energy solutions for the future,” the Clean Energy Coalition said in its mission statement. The coalition, which will be a public-private partnership between governments, research institutions and investors, is based on the principle that technology will solve our global energy issues.

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Enjoy the issue from the team at Energy Digital!

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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