Drax Group Biomass Energy and Carbon Capture Strategy
ad-hoc-news.deDrax Group is transitioning its UK power operations from coal to biomass, currently providing about 10% of the UK's electricity. The company is now focusing on scaling carbon capture and storage (CCS) to achieve negative emissions by 2030. While the company benefits from long term power purchase agreements, it faces risks from potential subsidy cuts and ongoing scrutiny regarding the sustainability of its wood pellet supply chain from North America and Europe.
