Drax Group Plc - Company Profile

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Drax Group Plc: Segment Analysis

Business Description

Drax Group plc (Drax) generates, carries out wholesale trade, and retails electricity; and distributes wood pellets. It sells electricity on wholesale basis to national distribution grid and retails it through Drax Energy Solutions. Drax includes Drax Power; Drax Biomass Inc.; Drax Energy Solutions; and Opus Energy. Drax Power is a power station in Selby, North Yorkshire, which connects directly into the national electricity distribution grid.

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Business Segments

Overview

Manages a global supply chain of compressed wood pellets that are a source of low carbon. The pellets are manufactured from the residue and are the by-products of agriculture and forestry. Has facilities in the south US and Western Canada where the company has 17 operational and development sites.

Performance

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Overview

Supplies renewable electricity and gas to industrial and corporate customers in the UK. Provides non-generation system support and energy management services as well. In FY2022, the segment’s capital expenditure stood at GBP2.6 million, which decreased 71.1% YoY.

Performance

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Overview

Provides power and system support services to the electricity grid. Generates electricity through coal and biomass and the power plant is operated by Drax Power. Owns and operates a portfolio of pumped storage, hydro and gas-fired power generation assets in the UK. In FY2022, the segment’s capital expenditure stood at GBP174.3 million, which grew 63.5% YoY.

Performance

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