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 as of December 31, 2024. 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.
- Headquarter Selby, United Kingdom
- Employees 3240 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Drax Group Plc
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Annual Revenue
$7.62 B (USD)-18.38as on Dec 31, 2024
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Net Profit
$659.79 M (USD)-6.33as on Dec 31, 2024
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EBITDA
$1.33 B (USD)25.81as on Dec 31, 2024
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Latest Funding Round
$434.79 M (USD), Grant
Oct 01, 2020
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Investors
Gov.uk
& 1 more
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Employee Count
3240
as on Dec 31, 2024
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Investments & Acquisitions
BMM Energy Solutions
& 2 more
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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.
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.
People of Drax
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Software Development Team
43 people
Finance and Accounting
25 people
Leadership Team
20 people
Head Team
16 people
Legal and Compliance
16 people
Senior Team
14 people
Product Management Team
13 people
Project Team
9 people
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Funding Insights of Drax
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 |
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Online government services and information are provided to users.
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Locked | Locked | Locked | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked |
Investor details for Drax
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Drax
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electric vehicle charging services
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Locked | Locked | 2005 | Locked | |
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Wood pellets are produced for commercial heating applications.
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Locked | Locked | 1989 | Locked | |
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Investment opportunities in infrastructure and private equity are facilitated by HEIT for various investor segments.
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Locked | Locked | 0 | Locked |
Complete acquisition details for Drax
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Drax
Detailed financials for Drax
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- Profit trends
- Statement rows
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Drax Comparisons
Peer comparison for Drax
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- Headcount comparison
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- Operating benchmarks
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Competitors of Drax
Detailed competitors of Drax
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Latest news on Drax
Complete news archive for Drax
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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.
As of Dec 31, 2024, the latest employee count at Drax is 3,240.
Annual revenue of Drax is $7.62B as on Dec 31, 2024.
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.
The ticker symbol of Drax is DRX on LSE.