Resolute Forest Products agrees to buy Quebec biomass power plant
February 23, 2022
BY Erin Krueger
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The U.S. Energy Information Administration currently expects renewables to account for nearly 26% of U.S. electricity generation this year, expanding to nearly 28% in 2027, according to the agency’s latest Short-Term Energy Outlook.
Biomass Magazine announced this week the eight companies selected to pitch to a group of angel investors and venture capital firms at the International Biomass Conference & Expo, taking place March 31 – April 2, 2026, in Nashville, Tennessee.
Drax is pleased to announce that it has signed an agreement to acquire Flexitricity Ltd., a U.K.-based optimizer of flexible energy assets, from Quinbrook. The transaction is expected to close during the first quarter of 2026.
The Alliance for Green Heat announced on Feb. 2 that firewood banks working with national forests sourced around 9,700 cords of firewood from federally managed lands during the 2025–2026 season—an increase of 35% over last year.
Drax on Feb. 3 announced plans to adapt its organizational structure to its evolving business. The company is launching a consulting process that could result in the reduction of more than 350 employees in the U.K. and U.S.
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