The May edition of Energy Digital is now live!
Hello and welcome to the May edition of Energy Digital magazine.
Changing the face of real estate, JLL is looking at the future of cities to drive its transformation.
We speak to Emma Hoskyn, Director of Upstream Sustainability Services at JLL, to look at how sustainability has taken hold, and will ensure the company will further innovate to provide the services customers need.
In the US, President Trump has recently placed tariffs on solar equipment imports. Saltanat Berdikeeva discusses how such decisions will continue to impact the fastest growing sector in the country.
Wind power has also grown apace, where Danish wind energy company, Vestas, is set to expand into further markets. We caught up with Fransisco Ruiz, Head of Business Development in Latin American, to find out more.
Next, speak to some leading lights in energy space about the need to address the future of global charging infrastructures for electric vehicles.
We have also looked at the top 10 solar manufacturers in the world.
Enjoy the issue!
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.