Mar 6, 2019

The March edition of CSO Magazine is live!

Andrew Woods
1 min
Hello and welcome to the March edition of CSO magazine!

Hello and welcome to the March edition of CSO magazine!

Our cover star this month is energy giant Uniper. Embarking on a root-and-branch digital transformation journey, Rene Greiner, VP of Data Integration, and Stephan Van Aaken, VP of Data Integration, describes how the company is gearing up to become a more data-driven firm.

“From the first moment, it became clear we needed one fundamental thing: a ‘single point of truth’,” explained Greiner.

“A major driver of the profitability of your portfolio is, of course, how you manage your assets,” added Van Aaken, highlighting how data analytics can be a valuable tool.

Elsewhere in the magazine, we sit down with Inmarsat’s Director of Energy Innovation, Gary Bray, to discuss how the global satellite communications giant is supporting energy companies with their sustainability goals.

Meanwhile, Candace Saffery Neufeld of Alpha Energy outlines the company’s plans to bring affordable, green electricity to 2.7bn people around the world.

On top of this, Dr James Robey, Head of Environmental Sustainability at Capgemini, discusses the firm’s latest goal to help its clients save 10mn carbon tonnes through leveraging technology.

For our top 10 ranking this month, we discover the top ten renewable energy companies and we’ll also round up this month’s must-attend events.

Check out the latest issue!

 

 

 

 

 

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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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