Jul 10, 2018

The July issue of Energy Digital is live!

Sophie Chapman
1 min
Welcome to the July issue of Energy Digital magazine. This month...

Welcome to the July issue of Energy Digital magazine.

This month, DNV GL CEO Ditlev Engel discusses the company’s plans for the future, which will help reshape the energy industry.

We’re also looking at how smart lighting has emerged as a crucial component for smart buildings and cities alike. Andy Heaton, CEO of enModus, tells us more.

We’ve also taken a look at the world’s top 10 smart cities, previously ranked by EasyPark. Analysing 19 factors which sets a smart city apart from others, from digitisation and sustainability, to cutting-edge transportation options and governmental services, we take a look at which cities made the list. 

On top of this, we explore the biggest and best events and conferences around the world, celebrating all areas within the energy industry.

Enjoy this month’s issue of Energy Digital, and if you have any feedback or stories to share, head over to Twitter @EnergyDigital

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
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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