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 Group largest steam turbine modernisation programme in UK history – upgrading its high-pressure and low-pressure turbines. This saves one million tonnes of CO2 a year, which is the equivalent of taking 275,000 cars off the road. The vast majority of the UK’s tens of millions of homes depend on fossil fuels for their heating, mainly gas but also fuel oil. These energy sources are unsustainable, have question marks over security of supply and produce more carbon dioxide emissions than sustainably sourced biomass over its lifecycle. By 2014, the conversion of the first two generating units at Drax power station from burning