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.
Headquarters
United Kingdom
Address
Drax Power Station, Selby, North Yorkshire , YO88PH
Website
www.drax.com
Telephone
44 1757 618381
No of Employees
3,551
Industry
Power
Ticker Symbol & Exchange
DRX (LON)
Revenue (2022)
$9.8B
-3.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
560.6%
(2022 vs 2021)
Market Cap*
$2.4B
Net Profit Margin (2022)
XYZ
589.4%
(2022 vs 2021)
* As of and is in US$
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 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. |
| 2024 | Plans/Strategy | In January, the company announced its plans to introduce an independent carbon removal business in Houston, the US. |
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 | - |
| Karen McKeever | Chief Human Resources Officer | Senior Management | 2021 | - |
| 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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