Top Companies in biomass power generation Industry Overview:

Top Companies biomass power generation Industry size is projected to approach nearly US$ 82.87 billion by 2030, with a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2024 to 2030.

Driven by increased global attention on renewable energy, carbon neutral, this outcome of biomass power generation market grow significantly. As a result, biomass energy, which comes from organic sources like wood pellets, agricultural wastes, and is even available from waste materials, is gaining popularity as a renewable alternative to fossil fuels. Market expansion is being driven by government incentives, technological advances and increasing demand for clean energy. Prominent companies, such as Drax Group, Enviva LP, Babcock & Wilcox, Vattenfall AB, and Ørsted A/S, are pouring significant resources into biomass infrastructure, carbon capture technologies, and strategic acquisitions to bolster their market presence. This department is also seeing growing investments and partnerships, as companies look to new ideas to drive efficiency and lower their environmental footprint. Biomass Power Generation Market to Observe Heightened Sales Due to Increasing Transformation in Energy Policies across the World to Sustainable Alternatives

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Top 5 Companies in biomass power generation

Drax Group plc (UK): A leading renewable energy producer, Drax has transformed a coal-fired power station into a major biomass facility . They are pioneers in sustainable biomass and are investing heavily in Bioenergy with Carbon Capture and Storage (BECCS) technology, aiming for carbon negativity . Drax has a significant presence in European and North American markets, involved in both pellet production and power generation .  

Babcock & Wilcox Enterprises, Inc. (USA): A global leader in energy and environmental technologies, Babcock & Wilcox provides advanced solutions for biomass power generation, including efficient combustion systems . The company offers a wide range of boiler products and environmental systems for power and industrial applications, focusing on clean energy . With a global footprint, they serve clients across Europe, North America, and Asia .  

Vattenfall AB (Sweden): A major European energy company committed to a fossil-free future, Vattenfall utilizes biomass in numerous combined heat and power plants across Sweden, the Netherlands, and the UK . They aim to achieve net-zero emissions by 2040, with biomass as a key component of their renewable energy portfolio . Vattenfall integrates biomass with other renewable sources like hydro, wind, and solar .  

Ameresco, Inc. (USA): A leading provider of energy efficiency and renewable energy solutions in North America, Ameresco develops, constructs, and operates biomass-fueled power plants . They focus on delivering integrated sustainable technologies, helping clients achieve their energy and sustainability goals through biomass and other renewable projects . Ameresco has a growing portfolio of renewable energy assets and a strong reputation as an Energy Service Company (ESCO) . 

Ørsted A/S (Denmark): While globally recognized for offshore wind power, Ørsted also has a significant presence in bioenergy, operating biomass-based heat and power plants, primarily in Europe . Ørsted is committed to a diverse renewable energy portfolio, leveraging its expertise in large-scale energy projects across various technologies . Their bioenergy assets contribute to their vision of a world powered by green energy . 

Latest Mergers and Acquisitions:

• Drax Group:Acquired BMM Energy Solutions (Sep 2023) to enhance EV charging infrastructure offerings . Also acquired a wood pellet plant in Princeton, BC (Aug 2022) and Pinnacle Renewable Energy (Apr 2021) to strengthen its biomass supply chain .  
   
• Babcock & Wilcox Enterprises: Divested its renewable parts and services subsidiary (Jun 2024) to Hitachi Zosen Inova AG . Acquired Fossil Power Systems (Feb 2022) to enhance firing equipment and safety systems capabilities .   
• Ørsted A/S: Acquired Eversource's stake in the Sunrise Wind offshore wind project (Jul 2024) . Acquired the German and French onshore wind platform Ostwind (H2 2022) .
• Vattenfall AB: Sold its heat business in Berlin (Apr 2024) . Sold three UK offshore wind projects to RWE (Dec 2023) . Acquired German solar developer Solizer (2023) .
• Ameresco, Inc.: Acquired a wind farm in West County Cork, Ireland (Nov 2022) .   

Recent Developments in the Market:

The biomass power generation market is experiencing consistent global growth, driven by environmental concerns, government support, and technological advancements . Innovations are improving plant efficiency and sustainability, including advancements in feedstock handling, combustion, and emission control . There's increasing interest in advanced technologies like gasification and pyrolysis . Sustainable sourcing of biomass feedstock, such as agricultural and forestry residues, is a key focus . Market growth projections show a positive outlook with CAGRs ranging from 3% to over 7% .   

New Funding or Investment:

• Drax Group plc:Initiated a £300 million share buyback program (Aug 2024) . Secured over £0.7 billion in new debt financing (2024) . Investing approximately £80 million in upgrading the Cruachan pumped storage hydro plant .   
   
• Babcock & Wilcox Enterprises:Received up to $10 million in funding from West Virginia (Dec 2024) for its BrightLoop™ hydrogen and carbon capture project . Awarded a $246 million contract for a coal-to-natural gas conversion project (Nov 2024) .   
   
• Ørsted A/S: Adjusted its business plan (Feb 2025) to prioritize value-focused capital allocation . Completed financing and divestment of shares in three U.S. solar and battery projects (Dec 2024) . Received a significant investment with Equinor acquiring a 9.8% minority stake (Oct 2024) .
• Vattenfall AB: Plans to invest SEK 170 billion (2025-2029) in fossil-free electricity generation . Capital generated from the sale of its German heat business provides financial flexibility .
• Ameresco, Inc.: Ongoing project developments and acquisitions indicate continued investment in their renewable energy portfolio.

The biomass power generation market is a vital and growing sector within the renewable energy landscape. The leading companies are strategically positioning themselves through acquisitions, technological advancements, and financial investments to capitalize on the increasing global demand for sustainable energy.