Through our integrated value chain and flexible lower-carbon energy proposition, we are supporting the UK’s electricity revolution.
Our core activities
Our activities are underpinned by safety, sustainability, operational excellence and expertise in our markets.
- Pellet Production – a leading producer of wood pellets from sustainable low-value commercial forestry residues
- Power Generation – generates 6% of the UK’s electricity and 11% of its total renewable electricity
- B2B Energy Supply – A leading supplier of low-carbon energy solutions to industrial and business customers
- Meeting the needs of a changing energy landscape and creating value for stakeholders
- Underpinned by safety, sustainability, operational excellence and expertise in our markets
- Moving from our 2016 EBITDA of £140m (2017: £229m) to our 2025 EBITDA ambition of £425m
The Group employs 2,500 people.
As well as corporate offices in London and Yorkshire, Drax Group operates in several locations around the world:
Drax Power Station is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe. Located near Selby, North Yorkshire, it is connected directly into the national electricity distribution grid and has a capacity of 3,906 megawatts (MW).
It supplies 6% of the country’s electricity needs, including 11% of its renewable power, and a host of system support services. Four of its six power generation units have been upgraded from burning coal to use sustainable biomass in the form of compressed wood pellets, sourced from responsibly managed working forests.
As well as being an important strategic asset nationally, Drax Power Station is also vital to the local economy. Whereas 700+ people are employed at the plant throughout the year, 3,650 jobs depend on Drax throughout Yorkshire and the Humber. The economic impact of Drax in that region was £419.2m in 2016.
Drax distribution terminals are located in four ports on the east and west coasts of England – Hull, Tyne, Immingham and Liverpool – routing fuel from ships for onward delivery.
Drax Biomass is headquartered in Monroe, Louisiana. It manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.
Drax Biomass owns and operates three wood pellet manufacturing plants: Amite BioEnergy in Gloster, Mississippi; Morehouse BioEnergy near Bastrop, and LaSalle BioEnergy, near Urania, both in Louisiana. Its port facility is also located in Baton Rouge, Louisiana.
Business electricity specialist Haven Power is based in Ipswich, Suffolk. It supplies and manages electricity for large Industrial and Commercial sector customers, as well as small businesses. Haven Power can supply 100% renewable electricity, sourced from Drax Power.
Its first class customer service was recognised when it was named ‘Supplier of the Year’ at the 2016 Energy Awards.
Opus Energy is based in Oxford, Northampton and Cardiff. It supplies electricity and gas to businesses. Opus Energy has partnerships with over 2,300 independent UK renewable energy generators, providing a market for excess power from energy sources such as wind, solar, hydro and anaerobic digestion.
It was awarded Utilities Provider of the Year 2017 at the British Small Business Awards.
We have agreed to acquire Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation from Iberdrola. The acquisition agreement was amended on 3 December and is subject to Drax shareholder approval on 21 December. The acquisition is expected to complete on 31 December 2018.
A planning application to Repower up to two coal units to gas and build battery storage at Drax Power Station is being considered by the Planning Inspectorate. The project could export its first electricity into the National Grid in 2023.
We began to pilot the first bioenergy carbon capture storage (BECCS) project of its kind in Europe in October 2018, which, if successful, could make Drax the world’s first carbon negative power station.
In 2019 Siemens will begin a three-year project to upgrade the turbines on biomass units 1, 2 and 3, delivering efficiencies and maintenance savings which will cut the cost of renewable electricity production.
We plan to build and operate four, 299 MW open cycle gas turbine (OCGT) power stations in England and Wales:
B2B Energy Supply
Investment in a new technology platform will provide commercial opportunities, a reduced cost to service and an enhanced customer experience.
Digitisation of supply will provide us with a scalable, world-class data analytics capability and build upon the opportunity our on-schedule smart meter rollout creates to deliver targeted and tailored customer propositions.