Drax Group Plc - Company Profile
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Drax Group Plc (Drax) is a biomass-fuelled electricity generator, which generates electricity using compressed wood pellets instead of coal. It has operations in various areas, including electricity generation; electricity sales to business customers; and manufacturing of compressed wood pellets for use in the production of electricity. The company operates power stations in the UK that include Drax Power; Drax Biomass Inc.; Drax Energy Solutions; and Opus Energy. It sources biomass pellets from the US, Canada, Latvia, Estonia, Portugal, the UK, Lithuania and Brazil, among others; and operates biomass-compressed wood pellet production facilities and processing facilities in the US. Drax is headquartered in Selby, North Yorkshire, the UK.
Drax Group Plc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Product: | Transmission |
Electricity | Distribution |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company selected ANDRITZ to modernize its Cruachan pumped storage power plant in Scotland, the UK. |
2024 | Contracts/Agreements | In March, the company partnered with Karbon-X for carbon removals from bioenergy with carbon capture and storage. |
2024 | Contracts/Agreements | In March, the company entered into a partnership with Louisiana State University to provide assistance to students and promote research in the fields of sustainable forestry and renewable energy. |
Competitor Comparison
Key Parameters | Drax Group Plc | Centrica Plc | EDF Energy Holdings Ltd | SSE Plc | E.ON UK Plc |
---|---|---|---|---|---|
Headquarters | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
City | Selby | Windsor | London | Perth | Coventry |
State/Province | North Yorkshire | England | Greater London | Scotland | England |
No. of Employees | 3,551 | 21,014 | - | 12,180 | 8,000 |
Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Will Gardiner | Chief Executive Officer; Director | Executive Board | 2018 | - |
Andy Skelton | Chief Financial Officer; Director | Executive Board | 2019 | - |
Andrea Bertone | Chairman - Designate | Executive Board | 2024 | - |
Miguel Veiga-Pestana | Chief Sustainability Officer | Senior Management | 2023 | - |
Jason Shipstone | Chief Innovation Officer | Senior Management | 2019 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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