Drax Explores Options to Sell Biomass Power to UK Data Center

Bloomberg11-12

(Bloomberg) -- Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.Electricity use by data hubs in Britain will jump ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482877522?lang=en_US&edition=fundamental","thumbnail":"https://static.themebuilder.aws.arc.pub/bellmediainc/1717607291216.jpg","is_english":true,"pubTime":"2024-11-12 16:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482877522","market":"hk","top_or_hot":-1,"title":"Drax Explores Options to Sell Biomass Power to UK Data Center","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.Electricity use by data hubs in Britain will jump ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/technology/2024/11/12/drax-explores-options-to-sell-biomass-power-to-uk-data-center/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Drax Explores Options to Sell Biomass Power to UK Data Center</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDrax Explores Options to Sell Biomass Power to UK Data Center\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 16:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/technology/2024/11/12/drax-explores-options-to-sell-biomass-power-to-uk-data-center/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.Electricity use by data hubs in Britain will jump ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/technology/2024/11/12/drax-explores-options-to-sell-biomass-power-to-uk-data-center/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LYY.SI","symbol_name":"中云集团","start_time":0,"source_url":"https://www.bnnbloomberg.ca/business/technology/2024/11/12/drax-explores-options-to-sell-biomass-power-to-uk-data-center/","article_id":"2482877522","we_media_id":null,"thumbnails":["https://static.themebuilder.aws.arc.pub/bellmediainc/1717607291216.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482877522","pubTimestamp":1731401240,"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYY.SI":"中云集团","PW":"Power REIT","BK4084":"特种房地产投资信托","BK6051":"信息科技咨询与其它服务","BK4234":"特殊用途房地产信托"},"translate_title":"Drax探索向英国数据中心出售生物质发电的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYY.SI":1,"PW":1},"content_text":"(Bloomberg) -- Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.Electricity use by data hubs in Britain will jump sixfold in the next 10 years as a boom in artificial intelligence requires increased computing heft, National Grid Plc said earlier this year. Drax’s plan would “co-locate” a data center with biomass generation, avoiding reliance on a power grid already under strain.“The growing demand for 24/7 power to meet the needs of data centers represents a potential opportunity for generators like Drax,” the Selby-based company said in a statement on Tuesday. “Drax has received positive engagement with data-center providers.”The company also said it sees full-year earnings near the top end of analysts’ estimates, reflecting “continued strong performance across the business.” The shares surged as much as 7.6%, the most since July, and traded up 7.3% as of 8:43 a.m. in London.Drax is looking at various options for locking in power sales, since the future of UK subsidies remains unclear. It’s awaiting a decision from the new government on a so-called bridging mechanism, which would see taxpayers support its biomass plant beyond 2027 when current subsidy agreements expire. The generator is a key cog in the UK’s electricity supply, accounting for 6% of the total. Biomass generation provides a reliable backup when calm or cloudy weather causes wind and solar production to halt.©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482877522"}