Drax has agreed a £200m deal to acquire the battery storage investor Harmony Energy Income Trust (HEIT) as it looks to shore up the UK’s power supply. The deal represents a premium of 11 per ...

The controversial Drax power plant was handed £869million in public subsidies last year - equating to £2million a day – for mostly burning forest biomass, a new analysis has suggested.

LONDON, March 12 - British energy regulator Ofgem said on Wednesday that it had not found evidence of a breach of sustainability obligations by power company Drax (DRX.L), opens new tab ...

Drax’s former public affairs lead has accused the company of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets. Rowaa Ahmar was employed by ...

Drax said on Wednesday the deal had a value of around £24m. Drax has secured agreements to provide 434 megawatts of capacity primarily from its pumped storage and hydro assets. The UK power firm ...

Operating profits have fallen at power company Drax despite record levels of renewable energy generation, as the company ...