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Drax joins World Economic Forum's First Movers Coalition

September 5, 2023

BY Drax Group

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DNV gives greenlight to methodology for carbon removals delivered by BECCS

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By Drax Group plc

June 21, 2024

Carbon CapturePelletsPowerBusiness

DNV, the independent energy expert and assurance provider, has validated a new methodology for the certification of net carbon dioxide removals delivered using bioenergy with carbon capture and storage (BECCS).

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Toyota Tsusho Corp. on June 17 announced that the 75-MW Yatsushiro Biomass Power Plant has begun commercial operations. The facility, located in Yatsushiro City, Kumamoto Prefecture, Japan, can be fueled with both wood chips and wood pellets.

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Valmet has announced it has been selected to supply a 50-megawatt (MW) pellet-fired heating plant to a district heating facility in Mölndal, Sweden. The new heating plant is expected to begin operations in late 2026.

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Drax Group was recognized with a BritishAmerican Business Transatlantic Growth Award in the Midsize Growth and Investments category. Drax received the award for its plans to deploy and develop BECCS projects the U.S.

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Renewables are currently expected to account for 23% of U.S. electricity generation in 2024, increasing to 25% in 2025, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released June 11.

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