Drax
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Drax

https://www.drax.com/
Last activity: 27.03.2025
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Categories: B2BEnergyTechFutureITProductionServiceStorageSupplyVehiclesWood
Drax's 2,600-strong employees operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production.
Power generation:
Drax owns and operates a portfolio of flexible, low carbon and renewable electricity generation assets across Britain. The assets include the UK’s largest power station, based at Selby, North Yorkshire, which supplies five percent of the country’s electricity needs.
Having converted two thirds of Drax Power Station to use sustainable biomass instead of coal it has become the UK’s biggest renewable power generator and the largest decarbonisation project in Europe.
Its pumped storage, hydro and energy from waste assets in Scotland include Cruachan Power Station – a flexible pumped storage facility within the hollowed-out mountain Ben Cruachan. It also owns and operates four gas power stations in England.
Customers:
Drax owns two B2B energy supply businesses:
Haven Power, based in Ipswich, supplies electricity and energy services to large Industrial and Commercial sector businesses.
Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity, energy services and gas to small and medium sized (SME) businesses.
Pellet production:
Drax owns and operates three pellet mills in the US South which manufacture compressed wood pellets (biomass) produced from sustainably managed working forests. These pellet mills supply around 20% of the biomass used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.
For more information visit www.drax.com

The Drax Electric Vehicles (https://energy.drax.com/electric-vehicles) and Drax Electric Assets (https://energy.drax.com/electric-assets/) teams energise businesses and organisations by making electrification straightforward and hassle-free.

Electrification can save you money and reduce carbon emissions.
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Website visits
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Location: United Kingdom, England, Camblesforth
Employees: 1001-5000
Phone: +44 1757 618381
Total raised: $3.77M
Founded date: 2005

Funding Rounds 1

DateSeriesAmountInvestors
17.07.2020-$3.77M-

Mentions in press and media 57

DateTitleDescription
28.03.2025Drax's Bold Moves: Powering the Future with Storage and SustainabilityDrax Group is on a mission. The UK’s largest power company is not just generating electricity; it’s reshaping the energy landscape. Recent deals signal a strategic pivot towards sustainability and efficiency. Drax is betting big on battery ...
27.03.2025Drax strikes deal to develop 400,000 tonne ash facilityDrax has agreed a 20-year joint venture deal that will see the development of an ash processing facility close to its power station. The new facility is expected to begin operations by the end of 2026 and produce 400,000 tonnes of ash per y...
25.03.2025Drax agrees £200m deal for battery storage investorDrax has agreed a £200m deal to acquire the battery storage investor Harmony Energy Income Trust (HEIT) as it looks to shore up the UK’s power supply. The deal represents a premium of 11 per cent to HEIT’s closing price on 24 March, the las...
12.03.2025Drax secures capacity agreements in £43m deal-
07.03.2025Drax ‘misled’ government over wood sourcing, ex lobbyist alleges-
25.11.2024The government is turning its back on the industries that fuel Britain-
10.11.2024Three Drax power plants delayed due to grid connection hold-ups-
23.10.2024Carbon removal industry calls on U.S. government for regulation-
22.10.2024Smart Green Shipping secures £1M from DraxRenewable energy leader Drax Group (Drax) and Smart Green Shipping are partnering to use innovative FastRig technology which could be used to decarbonise the shipping sector. The project will see Drax invest £1m in the initiative, matched b...
07.10.2024Scotland and the City are leading the way to net zero-
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