EVs for the Elite
This week we highlight some of the top stories from Energy Digital in 2012. Check back to see which stories make the cut.
Today's electric vehicle market is becoming quite familiar with the world of luxury vehicles and sports cars. That shouldn't be surprising considering recent advancements in battery systems have enabled electric cars to rival some of the features of many of their gas-powered counterparts. After all, nothing says "modern" quite like a sleek supercar with a practically silent engine that can go from 0 to 60 mph in less than five seconds. So for those of you who feel like ditching the Prius for something a little more James Bond-like, here's a list of some of the hottest, most exclusive EVs on the market today:
Drax advances biomass strategy with Pinnacle acquisition
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).
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.