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 coal storage area, flue gas desulphurisation plant and gypsum handling facilities. The station is the third largest coal-fired power station in Europe, after Bełchatów Power Station in Poland, and Neurath Power Station in Germany. It produces around 24 terawatt hours (TWh) (86.4 petajoules) of electricity annually. Although it generates around 1,500,000 tonnes of ash and 22,800,000 tonnes of carbon dioxide each year, it is the most carbon-efficient coal-fired power plant in the United Kingdom. The design life was set out in terms of number of start-ups and operating "cycles", but with the presumption that the station would operate as a