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Drax Group Plc: Overview

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Drax Group Plc (Drax) is a biomass-fuelled electricity generator, which generates electricity from coal and biomass. It operates across various principal areas of activities, including electricity generation; electricity sales to business customers; and manufacturing of compressed wood pellet for use in the electricity production. The company operates power stations in the UK that includes Drax Power; Drax Biomass Inc.; Haven Power; 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.

Headquarters United Kingdom

Address Drax Power Station, Selby, North Yorkshire , YO88PH


Telephone 44 1757 618381

No of Employees 3,122

Industry Power

Ticker Symbol & Exchange DRX (LON)

Revenue (2021) $7.1B 22.2% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 150.5% (2021 vs 2020)

Market Cap* $4.0B

Net Profit Margin (2021) XXX 141.3% (2021 vs 2020)

* As of and is in US$

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30+

Power Plants

Receive regular updates of upcoming projects for Drax Group Plc to keep you on top of all opportunities, with detailed information on each power plant.

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Tenders & Contracts

Easily identify the involved stakeholders, monetary value, opening and closing dates of tenders, and awarded contracts for Drax Group Plc.

3

Energy Storage Projects

Understand the energy storage landscape for Drax Group Plc, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

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Products and Services

Products Services
Electricity Distribution
Transmission
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In March, the company entered into an agreement with Allied Glass to provide 66GWh 100% renewable electricity per year from one of Drax’s run of river hydro-electric schemes located in Scotland.
2021 Contracts/Agreements In December, the company selected Worley to begin the front-end engineering design (FEED) work on its BECCS project.
2021 Contracts/Agreements In September, the company and National Farmers Union of England and Wales partnered to boost UK energy crop market.
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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 - England
No. of Employees 3,122 19,704 - 11,689 -
Entity Type Public Public Private Public Private
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Key Financial Charts

Net Income Growth

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Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
Philip Cox Chairman Executive Board - -
Will Gardiner Chief Executive Officer; Director Executive Board 2018 -
Andy Skelton Director; Chief Financial Officer Executive Board 2019 -
Esa Heiskanen Chief Officer Capital Projects Senior Management 2019 -
Jason Shipstone Chief Innovation Officer Senior Management 2019 -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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