The company’s investment in these projects is worth $40 million
The plants have a combined capacity of 85.7MW
Presently, sustainably sourced biomass is the only reliable, dispatchable, renewable fuel on the market that is readily available today and can re-place fossil fuels for both power and heat generation.
It will support technologies that produce low cost biofuels, derived from renewable resources and can power heavy duty vehicles that are difficult to electrify with current technologies, including airplanes and ships
The acquisition is forecast to help the company’s annual operational capacity reach 4.9 million tonnes of sustainable biomass pellets from 2022
It has launched three new innovation challenges across those areas to help the UK transition to clean and green energy and tackle climate change
The acquisition is expected to more than double Drax’s biomass production capacity
NEXE Innovations’ coffee pods achieve 100% breakdown by composting within 10 weeks, with no negative effects on the quality of the resulting compost
Renewable energy sources have proliferated in the last decade, helping the UK to transition to a cleaner, greener energy future. However, this has also caused some instability on the energy grid, as sources such as wind and solar power are intermittent.
Pacific6 Enterprises, a Long Beach-based social benefit investment firm is providing the funding