Company
Drax Group
LON:DRX
Drax Group is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK.
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Drax punished too hard for use of factoring, suggests JP Morgan
JP Morgan admits it previously underestimated the use of these tools
Drax hails government support for biomass with carbon capture
Drax is in talks with the government over plans to add carbon capture technology to its biomass power plant
Drax cancels Mississippi meetings on biomass pollution concerns
Drax cancelled the meeting amid scrutiny over it's carbon-neutral biomass operations
Energy CfDs get funding boost, but is it too much?
The government has lifted funding for the latest contract for different round, but how does it all work?
Drax denies accusations it withheld money from households
Drax has repeatedly lowered output from one of its biomass units since last year, a move which meant payments to households were avoided
Drax shares higher on approval for new £500mln hydro plant
Drax has been granted approval to build another facility at the Cruachan pumped hydro storage site
Drax subsidies in doubt over biomass sustainability questions, Lords hear
Drax could lose out on government subsidies if found to have misreported on the source of its wood pellets, the House of Lords heard
Drax, EDF deny government request to keep running back-up coal power stations
Drax and EDF have confirmed the closure of their contingency coal-fired power stations
Drax US projects ‘highly attractive’ – broker
Drax US investment plans should attract strong returns, RBC analysts claim
Drax plans to shift carbon capture to the US lack ‘fundamentals’, says Citi
Citi analysts expressed uncertainty over Drax's £7bn carbon capture investment plan
Renewables could push world into 'new era’ this year - report
Increased adoption of wind and solar energy could lead to a fall in fossil fuel power production this year, according to think tank Ember
‘No room’ for new coal plants – report
Mining shares slipped after Global Energy Monitor said there was 'no room' for new coal plants in the future
Drax a 'buy' as bioenergy ‘still critical to net zero’
Liberum analysts rated Drax a buy, noting its bioenergy with carbon capture plans were still critical in the UK
Drax still a 'top pick’ in utility sector - JP Morgan
Drax group remains a 'top pick,' according to JP Morgan
Rolls-Royce one of few to welcome government 'Green Day' moves
Rolls-Royce was among few firms to be reassured after the government's 'Green Day,' with several others left calling for more clarity
Drax shares hit as it misses out in ‘Powering up Britain’ plan
Drax Group has seen its plans rejected under the government’s new carbon capture programme
Drax and EDF rule out back-up coal power stations for next winter
Drax and EDF have both said they will not keep back-up coal power stations open next year, after the government told National Grid to renew the deal
Drax may be tempted across the Atlantic by US green subsidies
Drax may be tempted across the Atlantic by the US Inflation Reduction Act, according to Bloomberg, as it mulls a £2bn investment in carbon capture tech
Coal stations turned on as National Grid battens down for coldest night this year
Drax and EDF energy have been told to warm back-up coal power stations as a host of supply woes threaten to strike the UK
Drax’s bumper profits spark calls to end wood burning subsidies
Drax reported an 84% increase in pre-tax earnings, fuelling calls to scrap subsidies
Drax workers threatening power plant closure with nine days of strikes
Drax workers from its Yorkshire wood-pellet fired plant will strike for nine days between February and April