Drax Group is a renewable energy company based in the United Kingdom, founded in 2005. The company's focus is on enabling a zero carbon, lower cost energy future. Drax operates a portfolio of sustainable biomass, hydro-electric, and pumped hydro storage assets in England and Scotland, making it the UK’s largest source of renewable electricity.
In addition to power generation, Drax also operates a global bioenergy supply business with manufacturing facilities in the United States and Canada. It employs 3,400 people across the UK and North America, contributing to the growth and development of the renewable energy sector.
In April 2024, Drax Group secured a £125.00M Post-IPO Debt investment, marking a significant milestone in its expansion and sustainability efforts. The company's ambition to be carbon negative by 2030 is aligned with its utilization of Bioenergy with Carbon Capture and Storage (BECCS) technology to remove CO2 from the atmosphere at scale. This commitment reinforces Drax Group's position as a leader in the pursuit of reliable renewable electricity and environmental responsibility.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Debt | £125.00M | - | 04 Apr 2024 |
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