{ "schemaVersion": 1, "organisationId": "O-5e0a682a220c45bd953dde86fdbdd422", "slug": "drax-grp", "name": "DRAX GRP", "updatedAt": "2026-10-04T15:13:45.87194Z", "sections": [ { "type": "OVERVIEW", "text": "Drax Group plc is a renewable-energy company whose core businesses span electricity generation, sustainable biomass pellet production, and the sale of electricity and energy services. Its main operating groupings include Pellet Production, Biomass Generation, Flexible Generation, and Energy Solutions. [https://www.drax.com/about-us/][T11047804][T11264582]\n\nDrax’s generation business is centred in the UK, while its pellet supply chain includes North American operations; the company describes its footprint as spanning four countries. [https://www.drax.com/investors/annual-report/][https://www.drax.com/us/what-we-do/pellet-operations/] Its stated purpose is “to enable a zero carbon, lower cost energy future.” [https://www.drax.com/about-us/our-purpose-and-strategy/]\n\nFor the year ended 31 December 2025, Drax reported IFRS revenue of £5.391 billion and 2,974 employees worldwide. [T4648140][https://www.drax.com/investors/annual-report/]\n[T11047804][T11264582][T4648140][https://www.drax.com/about-us/][https://www.drax.com/investors/annual-report/][https://www.drax.com/us/what-we-do/pellet-operations/][https://www.drax.com/about-us/our-purpose-and-strategy/]", "updatedAt": "2026-10-04T15:13:45.87194Z" }, { "type": "PRODUCTS", "text": "Drax’s products include industrial biomass fuel pellets, wholesale electricity and gas, and renewable certificates—Renewables Obligation Certificates (ROCs) and Renewable Energy Guarantees of Origin (REGOs). Its pellet business sells to external customers as well as supplying Drax’s own biomass generation; pellet sales can include vessel freight under CIF terms. The company also sells electricity and gas directly to non-domestic customers through Energy Solutions. [T9220469][https://www.drax.com/what-we-do/pellet-sales/]\n\nDrax’s generation businesses provide grid-support services, including ancillary services and availability to support the electricity system. Its operating capabilities include four 645 MW biomass-fired units at Drax Power Station and 440 MW of pumped-storage capacity at Cruachan, which can reach full load in 30 seconds. The wider flexible-generation portfolio includes pumped hydro, batteries and open-cycle gas turbines. [T9220469][https://www.drax.com/what-we-do/drax-power-station/][https://www.drax.com/uk/what-we-do/cruachan-power-station/][https://www.drax.com/what-we-do/flexible-generation/]\n\nIn FY2025, external revenue was £5,355.4 million. By segment, Pellet Production generated £329.3 million (about 6.1%); Biomass Generation £2,314.7 million (about 43.2%); Flexible Generation £78.1 million (about 1.5%); and Energy Solutions £2,633.3 million (about 49.2%). These percentages are calculated from reported segment revenues and total external revenue; segment revenues include different product and service lines, rather than representing sales of a single product. [T9220469][https://www.drax.com/financial-news/full-year-results-for-the-twelve-months-ended-31-december-2025/]\n[T9220469][https://www.drax.com/what-we-do/pellet-sales/][https://www.drax.com/what-we-do/drax-power-station/][https://www.drax.com/uk/what-we-do/cruachan-power-station/][https://www.drax.com/what-we-do/flexible-generation/][https://www.drax.com/financial-news/full-year-results-for-the-twelve-months-ended-31-december-2025/][https://www.drax.com/what-we-do/pellet-sales/][https://www.drax.com/what-we-do/drax-power-station/][https://www.drax.com/uk/what-we-do/cruachan-power-station/][https://www.drax.com/what-we-do/flexible-generation/][https://www.drax.com/financial-news/full-year-results-for-the-twelve-months-ended-31-december-2025/]", "updatedAt": "2026-10-04T15:13:45.87194Z" }, { "type": "GEOGRAPHY", "text": "Drax’s FY2025 revenue was concentrated in the UK: £5,123.6 million, or approximately 95.0% of total revenue. The remaining revenue was attributed to Asia (£251.2 million; 4.7%), North America (£8.4 million; 0.2%) and Europe excluding the UK (£7.5 million; 0.1%). The report does not provide separate revenue figures for the US and Canada [P7426935][T13216085]. At 31 December 2025, non-current assets were located mainly in the UK (£2,309.7 million; 78.7%), followed by the US (£541.6 million; 18.5%), Canada (£84.2 million; 2.9%) and Asia (£0.2 million) [T517515].\n\nDrax’s generation and storage footprint includes Drax Power Station near Selby, North Yorkshire; the Cruachan pumped-storage station in Argyll and Bute, Scotland; and hydroelectric schemes at Lanark and Galloway in Scotland [https://www.drax.com/what-we-do/drax-power-station/][https://www.drax.com/what-we-do/cruachan-power-station/][https://www.drax.com/what-we-do/hydro-electric-schemes/]. Its pellet operations span the US South and Western Canada, with listed facilities in Alabama, Louisiana and Mississippi, as well as British Columbia and Alberta [https://www.drax.com/us/what-we-do/pellet-operations/]. Drax announced that its Leola and Russellville, Arkansas, operations would be idled from November 2025 and that it would wind down its Williams Lake, British Columbia, plant by the end of 2025 [https://www.drax.com/us/press_release/drax-idling-operations-in-arkansas/][https://www.drax.com/ca/press_release/drax-ceasing-operations-at-its-williams-lake-plant/].\n\nDrax’s pellet sales serve customers in Europe, North America and Asia, with exports routed through Vancouver and Prince Rupert; the company also reports contracted third-party sales in Asia and Europe, but does not give a regional revenue breakdown for pellet sales [https://www.drax.com/what-we-do/pellet-sales/][P52893555]. Drax lists an office in London, and its registered office is at Drax Power Station near Selby [https://www.drax.com/contact-us/][https://find-and-update.company-information.service.gov.uk/company/05562053].\n[P7426935][T13216085][T517515][P52893555][https://www.drax.com/what-we-do/drax-power-station/][https://www.drax.com/what-we-do/cruachan-power-station/][https://www.drax.com/what-we-do/hydro-electric-schemes/][https://www.drax.com/us/what-we-do/pellet-operations/][https://www.drax.com/us/press_release/drax-idling-operations-in-arkansas/][https://www.drax.com/ca/press_release/drax-ceasing-operations-at-its-williams-lake-plant/][https://www.drax.com/what-we-do/pellet-sales/][https://www.drax.com/contact-us/][https://find-and-update.company-information.service.gov.uk/company/05562053]", "updatedAt": "2026-10-04T15:13:45.87194Z" }, { "type": "SEGMENTS", "text": "Drax reports four business segments: Pellet Production, which produces and sells biomass pellets; Biomass Generation, which generates and sells electricity from UK biomass assets; Flexible Generation, covering electricity generation from pumped-storage, run-of-river hydro and OCGT assets, as well as processing and selling waste-derived pellets; and Energy Solutions, which supplies electricity to UK non-domestic customers. [P82149476][P90568575][P72887698][P23815140][P29495739]\n\nFor FY2025, external revenue was £329.3m for Pellet Production, £2,314.7m for Biomass Generation, £78.1m for Flexible Generation and £2,633.3m for Energy Solutions, out of £5,355.4m total. These equate to approximately 6.2%, 43.2%, 1.5% and 49.2%, respectively; percentages are calculated from reported external revenue and may not sum exactly to 100% due to rounding. Inter-segment sales are excluded from this comparison. [T9220469]\n\nDrax published H1 2026 results on 30 July 2026; the percentages above represent the latest verified full-year revenue mix, for FY2025. [https://www.drax.com/financial-news/half-year-results-for-the-six-months-ended-30-june-2026/]\n[P82149476][P90568575][P72887698][P23815140][P29495739][T9220469][https://www.drax.com/financial-news/half-year-results-for-the-six-months-ended-30-june-2026/]", "updatedAt": "2026-10-04T15:13:45.87194Z" }, { "type": "HISTORY", "text": "Drax’s history began with construction of Drax Power Station in 1967, following discovery of the Selby coalfield; its first generating unit came online in 1974, and the station officially opened in 1975. After passing through National Power and AES, Drax Group plc listed in London in 2005. The company expanded into electricity supply with its 2009 acquisition of Haven Power. [https://www.drax.com/about-us/our-history/][https://www.drax.com/press_release/leading-b2b-renewable-energy-supplier-changes-its-name-to-drax/]\n\nA major shift came as Drax converted generating units from coal to biomass: the first conversion began operating in 2013, three units had been converted by 2016, and a fourth conversion was completed in 2018. In 2017, Drax acquired Opus Energy, expanding its supply business; in 2019 it completed the purchase of ScottishPower’s pumped-storage, hydro and gas-generation assets. It acquired Canadian pellet producer Pinnacle Renewable Energy in 2021. In 2026, Drax completed its acquisition of energy-asset optimiser Flexitricity. [https://www.drax.com/about-us/our-history/][https://www.drax.com/uk/press_release/drax-closer-coal-free-future-fourth-biomass-unit-conversion/][https://www.drax.com/investors/completion-acquisition-opus-energy-group-limited/][https://www.drax.com/press_release/completion-deal-means-drax-will-play-bigger-role-heart-great-britains-energy-system/][https://www.drax.com/investors/completion-of-the-acquisition-of-pinnacle-renewable-energy-inc/][https://www.drax.com/press_release/drax-completes-acquisition-of-ai-enabled-asset-optimisation-platform/]\n[https://www.drax.com/about-us/our-history/][https://www.drax.com/press_release/leading-b2b-renewable-energy-supplier-changes-its-name-to-drax/][https://www.drax.com/uk/press_release/drax-closer-coal-free-future-fourth-biomass-unit-conversion/][https://www.drax.com/investors/completion-acquisition-opus-energy-group-limited/][https://www.drax.com/press_release/completion-deal-means-drax-will-play-bigger-role-heart-great-britains-energy-system/][https://www.drax.com/investors/completion-of-the-acquisition-of-pinnacle-renewable-energy-inc/][https://www.drax.com/press_release/drax-completes-acquisition-of-ai-enabled-asset-optimisation-platform/]", "updatedAt": "2026-10-04T15:13:45.87194Z" } ], "sources": [ { "id": "https://www.drax.com/about-us/", "href": "https://www.drax.com/about-us/", "label": "www.drax.com" }, { "id": "T11047804", "href": "https://app.finbar.com/go?id=T11047804", "label": "DRAX GRP — Press release (2025 Y), p27", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 27 }, { "id": "T11264582", "href": "https://app.finbar.com/go?id=T11264582", "label": "DRAX GRP — Press release (2025 Y), p31", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 31 }, { "id": "https://www.drax.com/investors/annual-report/", "href": "https://www.drax.com/investors/annual-report/", "label": "www.drax.com" }, { "id": "https://www.drax.com/us/what-we-do/pellet-operations/", "href": "https://www.drax.com/us/what-we-do/pellet-operations/", "label": "www.drax.com" }, { "id": "https://www.drax.com/about-us/our-purpose-and-strategy/", "href": "https://www.drax.com/about-us/our-purpose-and-strategy/", "label": "www.drax.com" }, { "id": "T4648140", "href": "https://app.finbar.com/go?id=T4648140", "label": "DRAX GRP — Press release (2025 Y), p47", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 47 }, { "id": "T9220469", "href": "https://app.finbar.com/go?id=T9220469", "label": "DRAX GRP — Press release (2025 Y), p34", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 34 }, { "id": "https://www.drax.com/what-we-do/pellet-sales/", "href": "https://www.drax.com/what-we-do/pellet-sales/", "label": "www.drax.com" }, { "id": "https://www.drax.com/what-we-do/drax-power-station/", "href": "https://www.drax.com/what-we-do/drax-power-station/", "label": "www.drax.com" }, { "id": "https://www.drax.com/uk/what-we-do/cruachan-power-station/", "href": "https://www.drax.com/uk/what-we-do/cruachan-power-station/", "label": "www.drax.com" }, { "id": "https://www.drax.com/what-we-do/flexible-generation/", "href": "https://www.drax.com/what-we-do/flexible-generation/", "label": "www.drax.com" }, { "id": "https://www.drax.com/financial-news/full-year-results-for-the-twelve-months-ended-31-december-2025/", "href": "https://www.drax.com/financial-news/full-year-results-for-the-twelve-months-ended-31-december-2025/", "label": "www.drax.com" }, { "id": "P7426935", "href": "https://app.finbar.com/go?id=P7426935", "label": "DRAX GRP — Press release (2025 Y), p30", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 30 }, { "id": "T13216085", "href": "https://app.finbar.com/go?id=T13216085", "label": "DRAX GRP — Press release (2025 Y), p30", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 30 }, { "id": "T517515", "href": "https://app.finbar.com/go?id=T517515", "label": "DRAX GRP — Press release (2025 Y), p30", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 30 }, { "id": "https://www.drax.com/what-we-do/cruachan-power-station/", "href": "https://www.drax.com/what-we-do/cruachan-power-station/", "label": "www.drax.com" }, { "id": "https://www.drax.com/what-we-do/hydro-electric-schemes/", "href": "https://www.drax.com/what-we-do/hydro-electric-schemes/", "label": "www.drax.com" }, { "id": "https://www.drax.com/us/press_release/drax-idling-operations-in-arkansas/", "href": "https://www.drax.com/us/press_release/drax-idling-operations-in-arkansas/", "label": "www.drax.com" }, { "id": "https://www.drax.com/ca/press_release/drax-ceasing-operations-at-its-williams-lake-plant/", "href": "https://www.drax.com/ca/press_release/drax-ceasing-operations-at-its-williams-lake-plant/", "label": "www.drax.com" }, { "id": "P52893555", "href": "https://app.finbar.com/go?id=P52893555", "label": "DRAX GRP — Press release (2025 Y), p37", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 37 }, { "id": "https://www.drax.com/contact-us/", "href": "https://www.drax.com/contact-us/", "label": "www.drax.com" }, { "id": "https://find-and-update.company-information.service.gov.uk/company/05562053", "href": 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release (2025 Y), p26", "documentId": "D-48e0ba0d30be48db962f761771537bda", "page": 26 }, { "id": "https://www.drax.com/financial-news/half-year-results-for-the-six-months-ended-30-june-2026/", "href": "https://www.drax.com/financial-news/half-year-results-for-the-six-months-ended-30-june-2026/", "label": "www.drax.com" }, { "id": "https://www.drax.com/about-us/our-history/", "href": "https://www.drax.com/about-us/our-history/", "label": "www.drax.com" }, { "id": "https://www.drax.com/press_release/leading-b2b-renewable-energy-supplier-changes-its-name-to-drax/", "href": "https://www.drax.com/press_release/leading-b2b-renewable-energy-supplier-changes-its-name-to-drax/", "label": "www.drax.com" }, { "id": "https://www.drax.com/uk/press_release/drax-closer-coal-free-future-fourth-biomass-unit-conversion/", "href": "https://www.drax.com/uk/press_release/drax-closer-coal-free-future-fourth-biomass-unit-conversion/", "label": "www.drax.com" }, { "id": "https://www.drax.com/investors/completion-acquisition-opus-energy-group-limited/", "href": "https://www.drax.com/investors/completion-acquisition-opus-energy-group-limited/", "label": "www.drax.com" }, { "id": "https://www.drax.com/press_release/completion-deal-means-drax-will-play-bigger-role-heart-great-britains-energy-system/", "href": "https://www.drax.com/press_release/completion-deal-means-drax-will-play-bigger-role-heart-great-britains-energy-system/", "label": "www.drax.com" }, { "id": "https://www.drax.com/investors/completion-of-the-acquisition-of-pinnacle-renewable-energy-inc/", "href": "https://www.drax.com/investors/completion-of-the-acquisition-of-pinnacle-renewable-energy-inc/", "label": "www.drax.com" }, { "id": "https://www.drax.com/press_release/drax-completes-acquisition-of-ai-enabled-asset-optimisation-platform/", "href": "https://www.drax.com/press_release/drax-completes-acquisition-of-ai-enabled-asset-optimisation-platform/", "label": "www.drax.com" } ] }