Drax Group has been announced as the winner of a BritishAmerican Business Transatlantic Growth Award in the Midsize Growth and Investments category for its plans to deploy and develop the large-scale carbon removal technology bioenergy with carbon capture and storage (BECCS) in the US.
In the UK, Drax currently generates around 8% of the UK’s renewable power and has played a crucial role in decarbonising the country’s energy system through converting North Yorkshire’s Drax Power Station to biomass generation. The company also plans to install two BECCS units at the Selby site.
BAB is a trade association that incorporates the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
The organisation’s Transatlantic Growth Awards are an annual event, held to highlight the stories of businesses of all sizes that underpin the trade and investment relationship between the UK and the USA.
In 2024, Drax announced it would establish a new independent business unit which is focused on becoming the global leader in carbon removals. The new business will be headquartered in the Texas city of Houston, and will oversee the development and construction of new-build BECCS plants.
Duncan Edwards OBE, BritishAmerican Business’ CEO, said: “The strength of the US-UK trade and investment relationship is underpinned by organisations like Drax, who look across the Atlantic as a source of innovation, stability, and prosperity. We are pleased to recognise their commitment to investing in the future of carbon capture and sustainable energy in the United States.”
