Green Transportation Video Series: The Hyperloop
In the new year, Energy Digital will be adding a sector to its coverage: Green Transportation!
I couldn't be more excited, as it's a topic I'm very interested in and enjoy. So, to kick things off, I'd like to introduce our Green Transportation Video Series, in which we'll be showcasing some of the coolest and most innovative forms of green transit in the world today.
First up: The Hyperloop.
What is the Hyperloop you ask? This video will get you all caught up on Elon Musk's incredibly fast train.
Sounds crazy, right? Well, it could truly become a reality, as the project has begun to move forward .
What do you think? Los Angeles to San Francisco in 20-30 minutes? Is that possible, or is this just one giant pipe dream? Let us know on Twitter @EnergyDigital and on Facebook at /EnergyDig.
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.