Drax Group plc
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Dwight Daniel Willard Gardiner
- Full Time Employees
- 2,974
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Drax Power Station Selby NY United Kingdom YO8 8PH
- IPO Date
- Dec 20, 2005
- Website
- drax.com
- Similar Companies
- Business
- Drax Group plc Drax Group plc is a renewable energy company engaged in sustainable biomass pellet production, renewable power generation from biomass, hydro-electric and pumped hydro storage assets, and the sale of renewable electricity to businesses. The company operates through Pellet Production, Biomass Generation, Flexible Generation, and Energy Solutions segments; it manufactures compressed wood pellets at facilities across the United States and Canada for its own use and customers in Europe and Asia, generates renewable electricity primarily at Drax Power Station in England supplemented by Cruachan Power Station and hydro-electric schemes in Scotland, and provides renewable power, electrification services including electric vehicle fleet support and electric asset management, smart meters, and power purchase agreements to approximately 9,000 UK businesses and over 2,300 small-scale generators. Founded in 2005 and headquartered at Drax Power Station in Selby, North Yorkshire, United Kingdom, Drax employs over 3,200 people across the UK, US, Canada, and Japan, with global operations focused on decarbonization through bioenergy supply chains and development of bioenergy with carbon capture and storage (BECCS) via its Elimini subsidiary launched in 2024. Recent developments include the October 2025 agreement to acquire three battery energy storage system projects totaling 260MW from Apatura Limited for £157.2 million, with completions expected in 2025-2026 and an option on eight additional sites (289MW); a November 2025 low-carbon dispatchable Contracts for Difference agreement covering all four biomass units at Drax Power Station; ongoing Cruachan Expansion and £100 million refurbishments at Cruachan and Glenlee hydro sites following the 2019 acquisition of ScottishPower hydro assets; and expansion of its pellet production capacity toward 5.4 million tonnes annually across 18 sites.
Company News
Drax Group plc (DRXGY) Q2 2026 Earnings Call Transcript
Drax Group H1 Earnings Call Highlights
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%
FTSE 100 Live: London blue-chips flat as Entain and ABF lead fallers
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 plc (DRXGF) Full Year 2023 Results Earnings Call Transcript
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