UK’s Drax to invest up to $12.5 billion in US biomass power plants

British power giant Drax could invest up to $12.5 billion developing biomass plants with carbon capture and storage (BECCS) in the United States over the next decade. Drax, which generates around 6% of Britain's electricity, said it is still committed to the UK but sees opportunities in the U.S. for its BECCS technology. Its new Houton-based business, Elimini, is reviewing more than 20 potential sites for BECCS projects and has around 100 staff. Advertisement · Scroll to continue Elimini plans to have its first U.S. project up and running by the end of ...