May 26, 2017

June's issue of Energy Digital is live

Nell Walker
1 min
June's issue of Energy Digital is live
The June 2017 issue of Energy Digital Magazine is now live! This month, our lead feature focuses on French business success story ENGIE...

The June 2017 issue of Energy Digital Magazine is now live!

This month, our lead feature focuses on French business success story ENGIE. Nell Walker chatted with Managing Director Laure Vinçotte, quizzing her about ENGIE’s initiative to provide even the most resource-poor parts of the world with clean, reliable energy.

Andrew Smith from oil and gas firm Tracero also provides an in-depth analysis of the energy industry. In a contributed piece, Smith writes about how Naturally Occurring Radioactive Matter (NORM) can cause financial and procedural issues for oil and gas facility operators.

We then move on to energy-saving in our top 10 apps. Which apps can help you control your energy consumption habits at home, work and your commute?

Also, be sure to browse our exclusive company reports. For an in-depth insight into global energy developments, read our interviews with AXI International, Lake Turkana Wind Power and TNB Remaco.

Read the latest issue here.

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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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