Drax Group Plc - Company Profile
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Drax Group Plc (Drax) is a renewable energy company primarily involved in power generation, sustainable biomass production, and the sale of renewable electricity. The company operates a portfolio of sustainable biomass, hydro-electric, and pumped hydro storage assets, and is also involved in the global bioenergy supply business, manufacturing compressed wood pellets. Drax's products, including sustainable biomass pellets and renewable electricity, are used by businesses across various industries. The company’s customers include businesses in the Europe and Asia, and it sells renewable electricity to industrial and commercial customers in the UK. The company operates manufacturing facilities in the US and Canada and has generation assets across multiple sites in England and Scotland. Drax is headquartered in Selby, North Yorkshire, the UK.
Headquarters
United Kingdom
Address
Drax Power Station, Selby, North Yorkshire , YO88PH
Website
www.drax.com
Telephone
44 1757 618381
No of Employees
2,974
Industry
Power
Ticker Symbol & Exchange
DRX (LON)
Revenue (2024)
$7.1B
-11.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-86.1%
(2024 vs 2023)
Market Cap*
$3.4B
Net Profit Margin (2024)
XYZ
-84.3%
(2024 vs 2023)
* As of and is in US$
Drax Group Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product:- | Transmission |
| Electricity | Distribution |
| Ancillary services | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed an agreement to acquire Bluefield Solar Income Fund for GBP561 million. |
| 2026 | Corporate Changes/Expansions | In May, the company commissioned Hirwaun Power Station in South Wales, the UK. |
| 2026 | Acquisitions/Mergers/Takeovers | In April, the company acquired Flexitricity Limited from Quinbrook. |
Competitor Comparison
| Key Parameters | Drax Group Plc | Uniper SE | Centrica Plc | EDF Energy Holdings Ltd | SSE Plc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | Germany | United Kingdom | United Kingdom | United Kingdom |
| City | Selby | Duesseldorf | Windsor | London | Perth |
| State/Province | North Yorkshire | Nordrhein-Westfalen | Berkshire | Greater London | Scotland |
| No. of Employees | 2,974 | 6,863 | 22,066 | 11,222 | 15,197 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrea Bertone | Chairman | Executive Board | 2024 | 65 |
| Will Gardiner | Chief Executive Officer; Director | Executive Board | 2018 | 62 |
| Frank Lemmink | Director; Chief Financial Officer | Executive Board | 2025 | 58 |
| Miguel Veiga-Pestana | Chief Sustainability Officer | Senior Management | 2023 | - |
| Daniel Peacock | Chief Financial Officer - Interim | Senior Management | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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