DRX 📈 Drax Group PLC - Overview

Drax Group PLC is a leading renewable energy company in the United Kingdom, operating through three key segments: Pellet Production, Generation, and Customers. The company's Pellet Production segment is responsible for manufacturing and selling biomass pellets, a crucial component in generating clean energy.

The Generation segment is the backbone of Drax's renewable power generation capabilities, providing dispatchable power and system support services to the national electricity grid. This segment plays a vital role in ensuring a stable and reliable energy supply to the UK.

The Customers segment focuses on supplying electricity and gas to non-domestic customers, offering a range of sustainable energy solutions to businesses and organizations across the country.

Drax Group's portfolio of power stations is impressive, with the flagship Drax Power Station located in Selby, North Yorkshire, being one of the largest power stations in the UK. The company also operates Cruachan Power Station, a pumped storage hydro station with an installed capacity of 440 megawatts (MW), situated in Argyll and Bute, Scotland. Additionally, Drax owns and operates Lanark and Galloway hydro-electric power stations, with a combined installed capacity of 126 MW, located in southwest Scotland.

Furthermore, the company's Daldowie fuel plant is a state-of-the-art facility that processes sludge and converts it into dry, low-odour fuel pellets. Drax also manufactures and sells compressed wood pellets, further expanding its range of sustainable energy products. The company's commitment to renewable energy is evident in its mission to supply 100% renewable electricity to its customers.

Founded in 2005, Drax Group PLC is headquartered in Selby, North Yorkshire, and has established itself as a pioneer in the UK's renewable energy sector. For more information, visit their website at https://www.drax.com.