Company
Drax Group plc
Headquarters: Selby, United Kingdom
Founded: 2005
Employees: 2,809
CEO: Mr. Dwight Daniel Willard Gardiner
Market Cap
£1.89 Billion
GBP as of Jan. 1, 2024
US$2.40 Billion
Drax Group plc Categories
United Kingdom Utilities Utilities—RenewableUnited Kingdom Utilities United Kingdom Utilities—Renewable
Top Competitors by Market Capitalization
Industry: Utilities—Renewable
| Company | Market Cap (USD) |
|---|---|
| Constellation Energy | $37.00 B |
| Romande Energie Holding SA | $36.56 B |
| VERBUND AG | $32.66 B |
| CEZ AS | $23.17 B |
| Huaneng Lancang River Hydropower, Inc. | $22.51 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| China Yangtze Power Co. Ltd | $82.16 B |
| Iberdrola, SA | $81.95 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
Detailed Description
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 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. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it 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.
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Stocks & Indices
Drax Group plc has the following listings and related stock indices.
Stock: LSE: DRX wb_incandescent
Stock: FSX: D9F2 wb_incandescent
Stock: OTC: DRXGF wb_incandescent
Product & Services
Electrical power and byproducts of power product
Key People
Phil Cox C B E, Chairman Will Gardiner, Chief Executive
Financials
Revenue: £5,173.9 million (2021)
Operating income: £170.1 million (2021)
Net income: £79.2 million (2021)