Mar 23, 2015

[INFOGRAPHIC] You Don't Know Jack About Tesla Motors

1 min
We’ve talked a lot about Tesla Motors in recent weeks, but how well do you know the tech innovator? The first electric car company to e...

We’ve talked a lot about Tesla Motors in recent weeks, but how well do you know the tech innovator?

The first electric car company to ever received Motortrend’s Car of the Year award, the vehicle manufacturer has been making waves with its line of sporty batteries-on-wheels. But we here at Energy Digital were surprised to find that the company is already worth more than Fiat, Mitsubishi, Suzuki or Isuzu, in addition to being the second oldest publicly-listed American automaker.

For more information on Tesla, we present to you this overlooked—by us anyway—infographic from 2014 creatd by After taking a peek at that, be sure to follow us on Twitter for more information in the world of renewable energy and green tech.

Share article

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.

Share article