Jan 14, 2014

World Future Energy Summit this month

Admin
2 min
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The World Future Energy Summit is the world’s foremost event dedicated to renewable energies, energy efficiency and clean technologies. The summit, scheduled for Jan. 20-22, includes a world-class Conference, an international exhibition, the Project & Finance Village, the Young Future Energy Leaders program, as well as a number of corporate meetings and concurrent social events.

Hosted by Masdar, Abu Dhabi's multi-faceted renewable energy company, and staged at the Abu Dhabi National Exhibition Centre, the WFES Conference attracts world leaders, international policy makers, industry experts, investors from the public and private sector and media, who gather in Abu Dhabi to discuss practical and sustainable solutions to future energy challenges.

The WFES Exhibition is an international business platform that connects project owners and solution providers to investors and buyers from the public and private sector.

The annual meeting committed to promoting the advancement of future energy, energy efficiency and clean technologies by engaging political, business, finance, academic and industry leaders to drive innovation, business and investment opportunities in response to the growing need for sustainable energy. This leading edge information is combined with relevant debates in panel discussions with industry leaders, expert advisors and analysts.

At WFES 2013 more than 200 eminent speakers, head of states and ministers discussed the issues surrounding the future of energy, which gave attendees the opportunity to meet industry colleagues and share knowledge and experiences which will further our collective goal of clean, secure and sustainable energy.

WFES is where world leaders come to talk – and listen. The debates on the Summit floor and discussion on the exhibition floor influences thinking around the globe.

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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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