Moneypoint Generating Station 2025

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Operating for more than 50 years, the Ratcliffe-on-Soar power station closed in September 2024. Its buildings, cooling towers and other structures will be decommissioned and demolished, making the site and surrounding land suitable to be redeveloped as a zero-carbon technology and energy hub for the East Midlands.
In 2021, its owner, the ESB Group, announced the facility would be closed and replaced with a green-energy hub. It has two Heavy Fuel Oil (HFO) storage tanks with a capacity of 50,000 tonnes which can be used as a back-up fuel if required.
The closure of the Ratcliffe-on-Soar plant a staple of Britains energy infrastructure for over five decades represents not just the end of coal power but a clear shift towards a cleaner, more sustainable energy future. This bold transition brings huge optimism for the future, but with it comes challenges.
EDF Energy Holdings and General Nuclear International are currently owning the project having ownership stake of 66.5% and 33.5% respectively. Hinkley Point C-1 is a type of PWR reactor. It will feature 241 fuel assemblies in the core of reactor, the place where fission occurs and energy is released.
Who owns Drax Power station? The owners are Drax Group, a company listed on the London Stock Exchange that is part of the FTSE 250 Index that includes some of the UKs largest businesses. Drax Power Limited is the power station operator and is also owned by Drax Group.
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Moneypoint power station is a three-unit coal-fired power plant with a total capacity of 915 MW. The plant is owned by ESB Group.
A flywheel synchronous condenser to stabilize the grid was ordered for operation at Moneypoint by 2022. In 2019, the government launched its climate action plan which included a commitment to end the burning of coal in Moneypoint by 2025, and replace coal-fired generation with low-carbon and renewable technologies.

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