Drax Group plc (LON:DRX), trading as Drax, is a power generation business.
The principal downstream enterprises are based in the UK and include Drax Power Limited, which runs the biomass fuelled Drax power station, near Selby in North Yorkshire.
The Group also runs an international biomass supply chain business.
Power generation and system services
Drax Power Station provides 11% of the UK’s renewable power, providing a secure, reliable and flexible source of renewable energy to support more intermittent renewables, such as wind and solar. The current capacity of Drax Power Station is 2.6GW, with 1.3GW of latent capacity.
Cruachan Power Station, affectionately known as the ‘Hollow Mountain’, resides deep inside Ben Cruachan mountain in Argyll and Bute. It can reach full generating capacity in less than 30 seconds. The station currently has a capacity of 440 megawatts (MW), with work under way to increase this to 480MW.
Drax Group acquired the Lanark and Galloway run-of-river hydro schemes, located in south-west Scotland on 31 December 2018. The combined capacity of these schemes is 126MW.
Biomass production
Drax’s Pellet Production operations are strategically located in the U.S. and Canada, This part of our business has nameplate capacity of c. 5Mt and produces c.4Mt of pellets each year, for internal use and sale to third parties.
B2B energy supply and electrification solutions
Drax Energy Solutions is an electricity supplier which supplies renewable power as
standard and aims to help customers in their decarbonisation journey.
Drax supports thousands of small scale generators, buying renewable power including
hydro, wind, solar and anaerobic digestion through Power Purchase Agreements (PPAs).
