Drax power station build a 626 MW oxygen-fuelled combustion power station adjacent to the existing Drax site. National Grid would simultaneously construct a pipeline to transport to the Yorkshire coast for sequestration. In July 2014 the project was awarded €300 million funding from the European Commission. In September 2015 Drax announced it would not be making any further investments into the CCS scheme after completion of the feasibility study because negative changes to government support for renewable energy had made the project too financially risky, plus drops in the company's share price due to the same uncertainty had reduced Drax's ability to raise
Drax power station Selby Coalfield discovery in 1967 the Board would build three large power stations to use its coal. These were; an expansion of the station at Ferrybridge, a new station at Eggborough, and the biggest being Drax. In 1983/84 Drax was presented with the Hinton Cup, the CEGB's ""good house keeping trophy"". The award was commissioned by Sir Christopher Hinton, the first chairman of the CEGB. Authority to carry out preparatory works was granted in December 1964, leading to full permission in March 1966, on the basis that the station would be designed to accommodate six 660 MW units, but that