Drax

Drax and Mitsubishi Heavy Industries Sign Pioneering Deal Towards Delivery of the World's Largest Negative Emissions Project

Thursday, June 10, 2021 - 9:12am

TOKYO, June 10, 2021 - (JCN Newswire) - Drax Group and Mitsubishi Heavy Industries Engineering, Ltd., part of Mitsubishi Heavy Industries (MHI) Group, have agreed a long-term contract for Drax to use its carbon capture technology, the Advanced KM CDR processTM, in what would be the largest deployment of negative emissions in power generation anywhere in the world.

Key Points: 
  • TOKYO, June 10, 2021 - (JCN Newswire) - Drax Group and Mitsubishi Heavy Industries Engineering, Ltd., part of Mitsubishi Heavy Industries (MHI) Group, have agreed a long-term contract for Drax to use its carbon capture technology, the Advanced KM CDR processTM, in what would be the largest deployment of negative emissions in power generation anywhere in the world.
  • Drax is already the largest decarbonisation project in Europe, having converted its power station to use sustainable biomass instead of coal, reducing its emissions by more than 85%.
  • By deploying BECCS technology, Drax aims to go further - becoming carbon negative by 2030.
  • Drax is the first company to sign a contract to deploy carbon capture technology at scale in the UK.

Black & Veatch appointed to Drax Technical Services Framework

Tuesday, May 4, 2021 - 10:35am

b'Major UK power provider Drax has awarded Black & Veatch a role on the company\xe2\x80\x99s Technical Services Framework.\nDrax\xe2\x80\x99s existing biomass and hydro renewable power generation assets provide power for the equivalent of more than 5.1 million homes.

Key Points: 
  • b'Major UK power provider Drax has awarded Black & Veatch a role on the company\xe2\x80\x99s Technical Services Framework.\nDrax\xe2\x80\x99s existing biomass and hydro renewable power generation assets provide power for the equivalent of more than 5.1 million homes.
  • Black & Veatch will provide the company with:\nSupport programme management and project delivery, from product development through to decommissioning\n\xe2\x80\x9cTo provide Drax with strength in depth we will be using not just our UK power professionals, but expertise from across our global power business.
  • For the last six years Black & Veatch has ranked second in Power, in the USA\xe2\x80\x99s influential ENR Top 500 Design Firms report.
  • This gives a sense of the world-class talent Drax will be able to draw upon,\xe2\x80\x9d Harmer added.\nThe Drax win comes at a significant time for Black & Veatch\xe2\x80\x99s global power business with the recent announcement that the company will cease participation in any new coal-based power design and construction.\nOther recent successes for Black & Veatch\xe2\x80\x99s Europe energy team include:\nSecuring an extension to its technical services framework with E.ON\xe2\x80\x99s Business and Community Solutions Business.

Drax Group deploys Solace to improve its IT infrastructure

Thursday, April 8, 2021 - 9:00am

Drax needed a unified, real-time view of its data to maximise the efficiency and the environmental footprint of its supply chain and energy production.

Key Points: 
  • Drax needed a unified, real-time view of its data to maximise the efficiency and the environmental footprint of its supply chain and energy production.
  • Solace is a key element of Drax's Data and Integration Hubs, which allow easy access to data sources, wherever they are.
  • With this capability, Solace will help Drax to dynamically manage demand fluctuations, storage, and energy delivery across the UK.
  • Mark Leonard, Director of IT at Drax Group, said: "Having efficient IT infrastructure is key to delivering our purpose of enabling a zero carbon, lower cost energy future for our business customers.

Drax to Acquire Pinnacle Renewable Energy – a Major Canada-Based International Supplier of Sustainable Biomass Fuel

Monday, February 8, 2021 - 1:00pm

The acquisition brings together Drax, which owns the worlds largest sustainable biomass power station in the UK, with Pinnacle, one of the leading global producers of high-quality compressed wood pellets.

Key Points: 
  • The acquisition brings together Drax, which owns the worlds largest sustainable biomass power station in the UK, with Pinnacle, one of the leading global producers of high-quality compressed wood pellets.
  • This Canadian-UK combination will be positioned as the worlds leading sustainable biomass supply and power generation business.
  • Drax is the largest decarbonisation project in Europe having converted the UKs biggest coal-fired power station to use sustainable biomass, delivering carbon savings of more than 80%.
  • As the UKs biggest single-site renewable electricity generator, Drax produces enough renewable electricity for four million homes.

Drax Wins TMI Award for Best Portal Technology Solution, Using ICD

Thursday, December 12, 2019 - 4:00pm

SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ --ICD, the leading independent trading and investment risk management technology company, announced today that UK-based energy company Drax won this year's Corporate Recognition Award for Best Portal Technology Solution, using ICD Portal .

Key Points: 
  • SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ --ICD, the leading independent trading and investment risk management technology company, announced today that UK-based energy company Drax won this year's Corporate Recognition Award for Best Portal Technology Solution, using ICD Portal .
  • "We needed a new portal solution to improve our control environment, streamline our workflow and automate our manual processes," explains Lisa Dukes, Deputy Group Treasurer at Drax.
  • "With ICD's portal technology and its global trade desk and account team, we could achieve straight-through processing with Reval and ensure we are applying industry best practices.
  • The integrated portal solution allows Drax to easily research, trade and report on money market funds , providing straight-through processing of data from ICD Portal into the Reval treasury management system .

Inawisdom Announce Successful Partnership with Renewable Powerhouse, Drax Group

Friday, May 10, 2019 - 1:16pm

Inawisdom is delighted to announce its partnership with Drax Group which is harnessing incredible results for the B2B renewable electricity supplier.

Key Points: 
  • Inawisdom is delighted to announce its partnership with Drax Group which is harnessing incredible results for the B2B renewable electricity supplier.
  • Drax Group partnered with Inawisdom to deploy state-of-the-art Artificial Intelligence across its data and has since been able to provide a much higher standard of customer service.
  • Our relationship with Drax Group has been a success story from the start, said Neil Miles , CEO and co-founder of Inawisdom.
  • Our partnership with Inawisdom and AWS has enabled us to draw insight and intelligence from our data, which was previously too complex to see, reported Bjoern Reinke, Smart Director from Drax Group.