Overview
Description
Drax Group Plc is a British energy company primarily focused on electricity generation. It operates one of the largest power stations in the United Kingdom, located in North Yorkshire, which has transitioned from coal to sustainable biomass as its main source of fuel. This transition highlights Drax Group's commitment to reducing carbon emissions and contributing to the UK’s renewable energy goals. The company is actively involved in the development of carbon capture and storage technologies, aiming to lead the charge in creating negative emissions solutions.
Drax Group Plc plays a crucial role in the energy sector by providing a substantial portion of the UK’s renewable energy supply. Its activities also support energy security and the decarbonization efforts of national infrastructure. The company’s focus on sustainable energy solutions aligns with global trends towards renewable energy, making it a significant player in the shift towards greener energy alternatives across the power industry.
About
CEO
Mr. Dwight Daniel Willard Gardiner
Employees
3250
Address
Drax Power Station
Selby, YO8 8PH
Selby, YO8 8PH
Phone
44 17 5761 8381
Website
Instrument type
Common stock
Sector
Utilities
Industry
Utilities - Renewable
Country
United Kingdom
MIC code
XLON