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Drax Piles Into Hinkley Debate With Biomass Conversion Offer

  • Filling gap with woodpellets would be cheapest, CEO says
  • Offshore wind would also deliver savings, report finds
Biomass fuel storage tanks at the Drax power station near Selby, U.K.

Biomass fuel storage tanks at the Drax power station near Selby, U.K.

Photographer: Simon Dawson/Bloomberg

The owner of what was once the U.K.’s biggest coal plant joined a growing list of companies jostling for position to fill a potential energy gap if the government drops plans for an 18-billion pound ($23 billion) nuclear station in Somerset.

Andy Koss, chief executive office of Drax Group Plc., said biomass is the U.K.’s most cost-effective form of energy on a whole-systems cost basis. The company, which converted three of its six units to biomass from coal, “stands ready” to convert the remaining three, he said.