Drax Group
Company description
Drax Group is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses.
Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK’s largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.
Company details
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Company updates
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May 19, 2022
Selby District Council grants planning permission for 100 MW Drax battery storage system
Aura Power has been granted planning permission by Selby District Council for a 100 MW battery storage system at Drax Power Station in North Yorkshire, UK. The system will provide enough electricity...
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June 29, 2021
Drax to develop new 600 MW hydropower station in Scotland
Drax Group, a renewable energy company, starts the planning process for the construction of a new underground pumped storage hydropower station with an energy capacity of 600 MW at Cruachan facil...
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March 15, 2021
DRAX cancels plans for gas power station in North Yorkshire
DRAX has axed its plans to develop new gas generation at Drax Power Station in North Yorkshire, UK. The total cost of this operation will be GBP13 million (US$18.06 million). The decision is in line...
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February 12, 2021
Drax to buy Canadian biomass producer Pinnacle
Drax has agreed to acquire Pinnacle at a price of CAD11.30 (US$8.88) per share, valuing Pinnacle at CAD385 million (US$302.6 million). Drax already owns and operates wood pellet mills in the Southern...
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February 12, 2019
CO2 capture starts at 4 GW power station in the UK
Drax Group has announced that the bioenergy carbon capture and storage (BECCS) pilot project at Drax Power Station in north-east England has started capturing carbon dioxide.
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October 17, 2018
US$920 million asset sale leads to UK's first 100% renewable energy business
Iberdrola, through its subsidiary ScottishPower, has agreed to sell its traditional generation assets in the United Kingdom to Drax Smart Generation, a subsidiary of the Drax Group for GBP702 million...
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August 23, 2018
Fourth unit of 4 GW coal-fired power station in England switched to biomass
Drax Group has announced that it has switched on its fourth biomass generating unit at Drax power station. Located in North Yorkshire, north-east England, the 3,906 MW power station&nbs...
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