Drax Group plc
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- Drax Group plc (Ticker: DRXGY) is a renewable energy company engaged in power generation from sustainable biomass, hydroelectric and pumped hydro storage assets; production of compressed wood pellets; and sales of renewable electricity to industrial and commercial customers. The company operates Drax Power Station in North Yorkshire, the UK's largest single source of renewable electricity which provides 5% of the UK's total energy annually or enough power for 5 million homes, alongside hydro assets across four sites in England and Scotland including Cruachan and Glenlee; it maintains a global bioenergy supply chain with 16 manufacturing facilities in the United States and Canada producing 4 million tonnes of sustainable biomass pellets annually from forest residuals for its own generation and customers in Europe, Asia and emerging markets such as sustainable aviation fuel. Drax Group serves business-to-business markets through its retail segment offering 100% renewable electricity and gas sourced from biomass, hydro and pumped storage which collectively deliver 10% of the UK's renewable power; it targets the energy, industrial and commercial sectors with flexible, dispatchable low-carbon solutions including grid support services and system stability amid rising demand from electrification. Founded in 2005 and headquartered at Drax Power Station in Selby, North Yorkshire, United Kingdom, the company employs over 3,200 people across the UK, US, Canada and Japan with no listed subsidiaries or parent entities. Recent strategic developments include the October 2025 agreement to acquire a 260MW/520MWh portfolio of three short-duration battery energy storage system projects from Apatura for £157.2 million in staged payments through 2028, with operations starting in 2027 and an option on eight additional sites totalling 289MW to bolster its FlexGen portfolio; the launch of Elimini, an independently operated wholly owned subsidiary in 2024 focused on scaling bioenergy with carbon capture and storage for carbon dioxide removals at megaton scale including 11 deals with eight companies and over 20 potential BECCS sites in North America; ongoing £100 million investments in refurbishing Cruachan Power Station and Glenlee hydro assets to enhance long-duration storage; a new partnership with NGIS announced in October 2025 to map carbon stocks in North American biomass sourcing areas; and progress toward a UK government support mechanism for Drax Power Station to ensure long-term biomass generation viability.
Drax Group plc (DRXGY) M&A Call Transcript
UK's Drax to buy Bluefield Solar Income Fund in $755 million deal
Drax Group plc (OTCMKTS:DRXGY) Short Interest Down 29.5% in March
e-STORAGE to Deliver 420 MWh Battery Energy Storage System for Drax in the United Kingdom
Drax Group plc (DRXGY) Q4 2025 Earnings Call Transcript
UK's power firm Drax Group says it could cut over 10% jobs
Short Interest in Drax Group plc (OTCMKTS:DRXGY) Grows By 43.5%
Drax Group plc (DRXGF) Q2 2025 Earnings Call Transcript
Drax Group gets bullish appraisal from JP Morgan analysts
Drax Group plc (DRXGF) Q4 2024 Earnings Call Transcript
Drax price target raised to 1,220 GBp from 1,190 GBp at Barclays
Karbon-X and Drax Officially Launch Revolutionary Partnership in Green Energy and Sustainability
Drax Group shares up 6% on the back of a 'solid' set of prelims
Drax posts 66% jump in annual profit, raises dividend
Ex-Rolls-Royce boss East joins carbon capture startup working with Drax Group
Drax, Vistry and Nokia among 110 European companies at largest discounts to US peers
Drax Group plc (DRXGF) Q2 2023 Earnings Call Transcript
Could Drax Group be the world's largest carbon removal companies, asks Barclays?
Drax gets another buy recommendation, this time from Jefferies
Drax Group: Govt's Green Day kicked the down the road, says US bank