Drax Group plc (LON: DRX)
London flag London · Delayed Price · Currency is GBP · Price in GBX
655.00
+1.50 (0.23%)
Nov 22, 2024, 4:39 PM BST

Drax Group Company Description

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom.

It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets.

The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.

The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland.

It also owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets.

In addition, the company manufactures and sells compressed wood pellets; and supplies renewable electricity.

Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

Drax Group plc
Drax Group logo
Country United Kingdom
Founded 2005
Industry Utilities - Renewable
Sector Utilities
Employees 3,551
CEO Dwight Daniel Gardiner

Contact Details

Address:
Drax Power Station
Selby, YO8 8PH
United Kingdom
Phone 44 17 5761 8381
Website drax.com

Stock Details

Ticker Symbol DRX
Exchange London Stock Exchange
Fiscal Year January - December
Reporting Currency GBP
ISIN Number GB00B1VNSX38
SIC Code 4911

Key Executives

Name Position
Dwight Daniel Willard Gardiner Group Chief Executive Officer and Executive Director
Andrew Keith Skelton A.C.A. Chief Financial Officer and Director
Mark Strafford Head of Investor Relations
Hillary Berger Group General Counsel
Karen McKeever Chief Human Resources Officer
Jason Shipstone Chief Innovation Officer
Paul Sheffield Chief Commercial Officer
Tim Cole Head of Customer Marketing
Miguel Veiga-Pestana Chief Sustainability Officer
Laurie Fitzmaurice President of Global BECCS