Drax Group
Drax Group plc, 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. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index
Annual Report
Read our carbon capture, sustainable bioenergy and power generation stories, as well as thinking from Drax''s leaders and business updates. Media Contacts A prosperous future needs energy security and carbon removals – BECCS delivers both >
Drax Group
Drax Group plc, 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.
Drax and Pathway Energy agree heads of terms on biomass supply
3 天之前· UK-based renewable energy company Drax and Pathway Energy (Pathway), a carbon negative energy company, have reached heads of terms on a multi-year deal that could see
Drax and Pathway Energy agree heads of terms on biomass
3 天之前· UK-based renewable energy company Drax and Pathway Energy (Pathway), a carbon negative energy company, have reached heads of terms on a multi-year deal that could see Drax supply over 1 million tonnes of sustainable biomass pellets each year to Pathway''s proposed sustainable aviation fuel (SAF) plant on the US Gulf Coast. Under a separate agreement,
Drax and Pathway Energy agree heads of terms on sustainable
3 天之前· Drax Group and Pathway Energy LLC have reached heads of terms on a multi-year deal that could see Drax supply over 1 million metric tons of sustainable biomass pellets each year to Pathway''s proposed SAF plant on the U.S. Gulf Coast. Gevo Inc. and LG Chem Ltd. are extending their joint development agreement. The agreement extension
Drax says 2030 plan needs biomass
2 天之前· The Drax plant near Selby, is the UK''s single largest source of renewable power, providing 2.6GW of dispatchable secure generation. Last year it provided 4% of the UK''s electricity and 8% of
Drax and Pathway Energy agree heads of terms on sustainable
3 天之前· Drax Group and Pathway Energy LLC have reached heads of terms on a multi-year deal that could see Drax supply over 1 million metric tons of sustainable biomass pellets each
Drax and Pathway Energy agree heads of terms on biomass
3 天之前· UK-based renewable energy company Drax and Pathway Energy (Pathway), a carbon negative energy company, have reached heads of terms on a multi-year deal that could see
6 FAQs about [Bahamas drax power ltd]
What happened to Drax Power Station?
One significant change was the emergence of vertically integrated companies, combining generation, distribution and supply interests. In certain cases, it became necessary for generation assets to be divested, and so in 1999 Drax Power Station was acquired by the US-based AES Corporation for £1.87 billion (US$3 billion).
How many generating companies did Drax Power Station have?
Three generating companies and 12 regional electricity companies were created. As a result of privatisation, Drax Power Station came under the ownership of National Power, one of the newly formed generating companies. Over the years that followed privatisation, the map of the industry changed dramatically.
Did Drax buy Opus Energy?
In 2016, Drax Group acquired Opus Energy for £340 million funded by a new acquisition debt facility of up to £375 million. In October 2017, Drax sold Billington Bioenergy for £2 million to an AIM-listed energy company called Aggregated Micro Power Holdings.
How has Drax changed over the last 15 years?
Over the last 15 years Drax has transitioned from a UK-based coal-fired power generator to an international renewable energy company. With the development of carbon removal opportunities utilising BECCS technology, I believe that Drax is at the forefront of the energy transition, and I am excited to be a part of that.
When did Drax Group acquire Haven Power & Billington Bioenergy?
In 2009, Drax Group acquired Haven Power – enabling it to sell electricity directly. In 2015, the Group acquired Billington Bioenergy, specialists in providing sustainable biomass pellets for domestic energy systems.
Why did Drax push back the start of new gas-fired power stations?
In November 2024, Drax Group Plc pushed back the start of three new gas-fired power stations in South Wales, Suffolk, and Bedfordshire to next year because of delays in getting the units connected to the grid. Drax had previously stated that the facilities would start in Autumn 2024. Drax Group's key asset is Drax Power Station.