British power generator Drax has applied to build a new £500 million pumped storage hydro power station at its existing Cruachan hydro plant in Scotland, UK. The 600 MW project should be approved within the year, with its underground construction beginning in 2024 at completed by 2030. BP has announced plans to develop a 500 MW electrolysis plant to decarbonize its oil refining at a facility in Rotterdam in the Netherlands. The move comes as the company confirms that it will bid for the 1.4 GW Hollandse Kust West offshore wind development zones, which would likely provide power to the proposed green hydrogen production project. Renexia has commissioned its 30 MW Beleolico offshore wind project in Italy, which features…