A power company’s potent vision: From neutral to negative emissions
Drax Group drastically reduced its carbon footprint by shifting from coal to biomass. CEO Will Gardiner discusses the costs and challenges to scaling up its model.
Drax, a power-generation company that provides 6 percent of the United Kingdom’s electricity, is moving from coal-based power plants to plants based on biomass, a source of renewable energy. The company uses wood pellets, mostly sourced from sustainable forests in the southeastern United States, to generate steam and then electricity.
Drax Group CEO Will Gardiner spoke with McKinsey about why the company made the switch, how industry should harness carbon-capture technologies to reach zero emissions, and what the costs and challenges to scaling up its model might look like. “We are, broadly based, neutral in terms of CO2,” he said. “What we’re working on now is to see if we can go another step, which is to capture the CO2 that comes out of the power station and end up with negative emissions.”
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Πηγή: mckinsey
