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Drax Aims for $12.5 Billion US Power Push Drawn by Subsidies

Drax Group Plc, operator of the UK’s largest power station, aims to invest $12.5 billion building new biomass power plants in the US over the next decade, taking advantage of generous subsidies.

Reuters · 2d

UK’s Drax to invest up to $12.5 billion in US biomass power plants

British power generator Drax could invest up to $12.5 billion developing biomass plants with carbon capture and storage (BECCS) in the United States over the next decade, it said on Tuesday.

The Financial Times on MSN · 2d

Drax commits $12.5bn for US power plants as group is lured by IRA tax breaks

UK electricity group Drax is committing up to $12.5bn in the US over the next decade to build power plants to take advantage of the country’s lucrative subsidies and expectations of surging energy demand.

worldenergynews.com · 1d

Drax will invest up to $12 billion in US biofuel power plants

Drax, a British power generator, said that it could invest up $12.5 billion in developing biomass plants with Carbon Capture and Storage

Seeking Alpha · 2d

U.K.'s Drax eyes up to $12.5B for U.S. biomass power plants, boosted by tax breaks

Drax plans to invest $12.5B in U.S. biomass power plants with carbon capture tech, taking advantage of U.S. subsidies through the Inflation Reduction Act.

INTRODUCING ELIMINI: WORKING TO DELIVER CARBON REMOVALS AT MEGATON SCALE AND 24/7 RENEWABLE POWER

Elimini, a new US-based business with an ambition to be a leader in carbon removals, has today been launched at Climate Week ...

Bioenergy Insight1d

Drax’s new Elimini enterprise eyes “20 potential BECCS sites” in North America

Drax has launched Elimini, a new US-based business with an ambition to be a leader in carbon removals. The company is ...

The Chemical Engineer8h

Drax earmarks US$12.5bn for US BECCS expansion

UK-BASED renewable energy company Drax is expanding into the US with a new bioenergy with carbon capture and storage (BECCS) ...

carbon-pulse.com2d

CWNYC24: Drax launches ‘Elimini’ to spearhead global ambitions in carbon removal

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Karbon-X and Drax Officially Launch Revolutionary Partnership in Green Energy and Sustainability

New agreement to facilitate transactions in carbon offsets between Karbon-X Corp and Drax Group PLC accelerates large-scale carbon removal efforts and sustainable energy generation, paving the way for ...