About Drax
Drax is a company based in Selby (United Kingdom) founded in 2005. It operates as a Green Energy-as-a-Service and Direct-to-Consumer (D2C). The company has 3,240 employees. Drax has completed 3 acquisitions, including BMM Energy Solutions, HEIT and Pinnacle Renewable Energy. Drax offers products and services including Bioenergy with Carbon Capture and Storage (BECCS), Pellet Sales, and Pumped Storage Hydro.
- Annual Revenue$7.22 B (USD)-11.94as on Dec 31, 2025
- Net Profit$98.3 M (USD)-86.14as on Dec 31, 2025
- EBITDA$1.04 B (USD)-26.93as on Dec 31, 2025
- Latest Funding Round$434.79M (USD), Grant
Oct 2020
- InvestorsGov.uk
& 1 more
- Employee Count3,240
- Investments & AcquisitionsBMM Energy Solutions
& 2 more
Products & Services of Drax
Drax offers a comprehensive portfolio of products and services, including Bioenergy with Carbon Capture and Storage (BECCS), Pellet Sales, and Pumped Storage Hydro.
Carbon dioxide is captured during bioenergy production process.
Biomass pellets are sold for energy generation purposes.
Hydroelectric energy is generated through pumped storage systems.
Apps and channels of Drax
its YouTube channel Drax has 1.22K subscribers and 30 videos.
Videos from Drax
The most watched videos on Drax's YouTube channel, Drax (1.22K subscribers). Click a video to play it here.
More on Drax.
Funding Insights of Drax
- Total Rounds 11
- Last Round Grant — $434.79M
- First Round $177.41M
(Jun 2009)
- Investors Count 2
Latest 10 of 11 funding rounds of Drax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $434.79M | Grant | – | – | |
| Jun 2020 | $94,429 | Grant | – | – | |
| Mar 2020 | $48.61M | Grant | – | – | |
| Jan 2020 | $19.84M | Grant | – | – | |
| Jun 2019 | $634,215 | Grant | – | – | |
| Sep 2018 | $290.03M | Grant | – | – | |
| Feb 2018 | $41.16M | Grant | – | – | |
| Feb 2017 | $10.43M | Grant | – | – | |
| Dec 2016 | $99.14M | Grant | – | – | |
| Jul 2014 | $407.79M | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Drax
Drax has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Gov.uk and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Drax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Drax
231 people are tracked at Drax (63 in leadership, 7 in board & advisors, 161 in team); the tracked headcount is 3,240.
| Name | Role | Group |
|---|---|---|
Will Gardiner | CEO | Leadership |
Esa Heiskanen | Chief Officer, Capital Projects | Leadership |
Christopher Nurse | Head Of Treasury FX & Derivatives | Leadership |
Chris Bowlas | Head Of Commercial (capital Projects) | Leadership |
Adam Ogg | Finance Business Partner: Capital Projects & Innovation | Leadership |
Sloan Woods-Wyatt | Group Head Of Partnerships And Crisis Management | Leadership |
Lois Cheatle Aca | Finance Business Partner | Leadership |
Christine Hough | Head Of Quantitative Portfolio Management | Leadership |
Andy Skelton | Chief Financial Officer, Drax Group | Leadership |
Paul Sheffield | Managing Director, Customers | Leadership |
Steve Austin | Director Of Engineering - Capital Projects | Leadership |
Anna Thomas | Head Of Workplace & DPS Estates | Leadership |
Nick Lymberis | Senior Finance Business Partner - Core Services | Leadership |
Hannah Steedman | Chief Strategy & Transformation Officer | Leadership |
Dan Godfrey | Head Of Business Finance, Customers | Leadership |
Amy Boosey | Director Customer Operations | Leadership |
Les Lemmon | Head Of Mechanical Engineering | Leadership |
Thomas Hutchinson | Senior Business Partner To Capital Projects And Innovation | Leadership |
James Cresswell | Head Of Fp&a | Leadership |
Nicola Garrett | Head Of Compliance Governance | Leadership |
211 more people are available in the full profile.
Complete people profiles for Drax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Board tenure
- Professional contacts
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IPO & Listings of Drax
Drax is a publicly listed company on the LSE with ticker symbol DRX in UK, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date15 Dec 2005
- Listed onLSE: DRX
- Listed entityDrax Group plc
- Exchange sectorUtilities
- ISINGB00B1VNSX38
- Share price785.50 GBX (+0.64% on the day) · 2026-10-09
- Market capitalisation2,628,691,691.00 GBX
- Price to earnings100.7
- EPS (diluted, trailing year)0.08 GBX
- Dividend yield3.88%
- Volume (last session)407,899
Financials of Drax
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 5.36B GBP | 73.0M GBP | 775.7M GBP |
| 2024 | 6.08B GBP | 526.6M GBP | 1.06B GBP |
| 2023 | 7.45B GBP | 562.2M GBP | 843.8M GBP |
| 2022 | 8.16B GBP | 85.1M GBP | 902.1M GBP |
| 2021 | 5.17B GBP | 79.7M GBP | 647.0M GBP |
Detailed financial statements for Drax
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Drax
Drax has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include BMM Energy Solutions, HEIT and Pinnacle Renewable Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Investment opportunities in infrastructure and private equity are facilitated by HEIT for various investor segments. | heitp.co.uk | United Kingdom | 0 | Mar 2025 | $258.58M | |
Electric vehicle charging services | bmm-ltd.com | Caldercruix, United Kingdom | 2005 | Sep 2023 | •••• | |
Wood pellets are produced for commercial heating applications. | pinnaclepellet.com | Prince George, Canada | 1989 | Feb 2021 | $301.73M |
Complete acquisition details for Drax
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Drax
7 dated milestones of Drax across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Drax is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $177.4M.
- Funding Latest funding round, Grant, of $434.8M.
- Acquisition Acquires Pinnacle Renewable Energy.
- Acquisition Acquires BMM Energy Solutions.
- Acquisition Acquires HEIT.
Web traffic of Drax
The website of Drax (drax.com) receives about 67.5K visits a month and ranks #538,325 among all websites worldwide, #7,552 in Energy Industry.
- Monthly visits67.5K
▼ 2.6% vs previous month
- Unique visitors30.8K
per month
- Global rank#538,325
among all websites
- Category rank#7,552
Heavy Industry and Engineering · Energy Industry
- Bounce rate47%
- Pages per visit1.8
- Average visit27 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with Drax. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bioenergy-news.com | bioenergy-news.com | 100% | – | #937,221 | – |
| skeletontech.com | 91% | 55.9K | #704,241 | View details | |
utilityweek.co.uk | utilityweek.co.uk | 88% | – | #870,014 | – |
havenpower.com | havenpower.com | 87% | – | – | – |
| scottishpower.com | 87% | 96.2K | #456,348 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 32 similar websites and full traffic analytics for Drax
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 32 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Latest news on Drax
Complete news archive for Drax
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Drax
10 companies that operate in the same segment as Drax (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Drax
Drax was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Drax is headquartered in Selby, United Kingdom.
Will Gardiner is the current CEO of Drax.
Drax has 3,240 employees.
Annual revenue of Drax is $7.22B as on Dec 31, 2025.
A zero carbon energy future is pursued by Drax through innovative engineering and technology. Biomass sourcing, bioenergy with carbon capture and storage (BECCS), and pumped storage hydro solutions are developed. Operations span across the United Kingdom, Canada, the United States, and Japan. Sustainable practices are emphasized in energy generation and carbon removal. Community support and STEM education are also prioritized through the Drax Foundation.
Drax offers Bioenergy with Carbon Capture and Storage (BECCS), Pellet Sales, and Pumped Storage Hydro.
Yes, Drax is publicly traded on LSE under the ticker symbol DRX.
Drax has made 3 acquisitions, including BMM Energy Solutions, HEIT, and Pinnacle Renewable Energy.
Drax has 2 investors. Key investors include Gov.uk, and European Union.
Drax operates through Drax Group.