Drax Group

Today, we have announced our Half Year Results for the six months ended 30 June 2024. Our CEO, Will Gardiner, gives his outlook on Drax’s performance below. 👉 https://lnkd.in/eed66Jbb

We welcome today’s announcement from the UK Government on GB Energy and its mission to make Britain a clean energy superpower. 🌍   This is an important step in the journey to deliver a zero carbon electricity system in 2030 and turbocharge economic growth. 💡   At Drax, we stand ready to support the UK’s decarbonisation efforts. 🤝   A prosperous future needs energy security and carbon removals – and technologies such as #BECCS can help to deliver both. 💭   Delivering BECCS at Drax Power Station and expanding Cruachan will provide dispatchable renewable power that complements the increased wind generation that GB Energy will focus on. ⚡ ➡️ Read more here: https://lnkd.in/gnhuTf2k

At Drax, we have a bold ambition and purpose and are collectively committed to making a tangible impact on the climate challenge we all face, while ensuring energy security and maximising benefit to society. 🤝 🌍 We asked our colleagues: What motivates you to be part of Drax? 💬 From working towards a #NetZero future, to knowing we’re making a positive difference in our communities, our colleagues share their motivations. Together, we make it happen. 👥 🔗 https://lnkd.in/eHcN29Kk

In his recent opinion piece for Energy Voice, Drax CEO Will Gardiner explains the significance of UK policy in the country's energy transition and the role of #BECCS in achieving #NetZero. 🗞️ Read more to find out: 🌿 What BECCS is and how it can play a key part in the UK's energy transition 👥 How BECCS can help to revitalise the #Humber region 🌍 Why the UK must keep pace in the global race to net zero Click the link in the comments to read more. 👇

👇📄 We support Patch's open letter on the need for speed and decisive guidance on the use of high-integrity #carboncredits.    We need to go further and faster, with both nature-based and engineered carbon removals required to reduce the amount of carbon in the atmosphere. 🌍   👥 At Drax, we're working with industry experts to develop high-integrity standards for carbon removals. This will ensure climate solutions such as bioenergy with carbon capture and storage (#BECCS) deliver a real climate benefit.    💬 As Brennan Spellacy states, "We’ve lost the luxury of waiting years for perfected roadmaps, it’s time to pull out all the stops in the fight against climate change."

📢 Today the Climate Change Committee released their latest progress report to the UK government. 📄 The 2024 report sets out the Committee’s assessment of how well we are delivering against our legal targets for reducing emissions. ⚠️ The message is clear: we are not on track to achieve our 2030 target without taking ambitious action. 🌍 The report recommends the need to finalise business models for large-scale deployment of engineered removals such as BECCS. ⚡️ These business models must be finalised quickly to enable projects to get underway towards meeting the Government’s ambitious target to remove at least 5 Mt of CO2 per year by 2030. 💬 Our CEO Will Gardiner responds. 👇

We’re less than 30 years away from the UK’s #netzero deadline - today, National Grid ESO has released its Future Energy Scenarios (FES) report, outlining credible ways to decarbonise our energy system as we strive towards the 2050 target. 🌍 💡 Importantly, the FES report highlights the critical role bioenergy with carbon capture and storage (#BECCS) will play in helping the UK reach net zero. 🔗 Read more from our CEO, Will Gardiner, or read the full report here: https://lnkd.in/eQJ3w6uH

On Monday, we welcomed members of the Greenhouse Gas Removal Future Leaders Network, a carbon dioxide removal network of around 150 carbon market professionals, to Drax Power Station. 🤝 As well as enjoying a tour of the Power Station, they got to visit the Drax #BECCS pilot, which captures carbon dioxide generated during the production of electricity from sustainable biomass. Plus, they got to immerse themselves in our Igloo room to see the UK BECCS model in focus. 🌿 ⚡ This was a great opportunity to bridge the collaboration gap between academia and industry and to engage with key industry players in the #carbonremoval space to discuss our exciting plans to develop BECCS at Drax, both in the UK and globally. 👥 🔗 Learn more: https://lnkd.in/eReNcUJf

To celebrate the 50th anniversary of Drax Power Station beginning to generate power, we’ve launched and named a new Ultrabulk A/S transport ship, the 'Ultra Yorkshire'. 🚢 We were honoured to participate in the launch ceremony in Japan, alongside members of the Ultrabulk team, the Shin Kirushima shipyard and a number of Japanese corporations. 🤝 We have a longstanding partnership with Ultrabulk, playing a key role in our biomass supply chain and enabling us to keep the lights on for millions of homes and businesses across the UK. 💡 🗞️ Read more in our press release: https://lnkd.in/gcF5M_9j

⏰ Our countdown to carbon negative has less than 2000 days to go. Drax was the first energy company in the world to announce an ambition to be carbon negative by 2030. We are confident we can achieve it – pioneering new technology is what we do best. 🌍 We have ambitious plans to develop the #carbonremoval technology, #BECCS, both in the UK and US. Plus, we have plans to build a new 600MW pumped storage hydro plant at our existing Cruachan facility, which will more than double its electricity generating capacity. 💡 Carbon negative by 2030: Together, we make it happen. 🤝 🔗 Learn more: https://lnkd.in/gGcTC3wu