The company failed to make the shortlist for a major new subsidy in 2023, and last month it coughed up 25 million pounds ($33 million) for regulatory breaches after misreporting data about wood pellet imports to the U.K. energy regulator Ofgem. Drax denied that the outcome of the regulatory investigation had anything to do with its pursuit of new revenue sources or the likelihood of future subsidies. The company told Land and Climate Review that the U.K. government is conducting a consultation on future support for biomass generators, which it welcomes.