Biomass is largely driven by political policy. That vetoed bill is geared to New Hampshire, but is a good example of policy shifts that can impact the biomass market. It's also why I'm skeptical of the United States power generation switching to biomass when natural gas seems to be the trend. I only see it being cofired with coal.
The EU doesn't seem to care about the cost and Drax seems to be making it work. Torrefied biomass is a game changer though if it can be done successfully. That will be the competitive advantage over other plants.
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