Potential offtaker

Drax Group plc

www.drax.com

Estimated electricity consumption

N/A

Countries of production presence

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Drax Group plc is a UK-based power generation company that has been at the forefront of the energy sector for over 50 years. The company operates in the power generation sector and is focused on delivering sustainable, reliable, and affordable energy to its customers. Drax Group plc is committed to decarbonisation and has made significant investments in renewable energy, biomass, and carbon capture technologies.

The company's primary focus is on power generation, and it operates a number of power plants across the UK. Drax Group plc is the owner and operator of the Drax Power Station, which is the largest power station in the UK and one of the largest in Europe. The power station is located in North Yorkshire and has a capacity of 3.9 GW. The power station is capable of generating enough electricity to power 6 million homes.

Drax Group plc has been a pioneer in the use of biomass as a fuel source for power generation. The company has converted three of its six generating units at the Drax Power Station to use biomass instead of coal. The use of biomass has reduced the carbon footprint of the power station by 80%, making it one of the most sustainable power plants in the world.

The company has also invested in carbon capture technologies, which capture carbon dioxide emissions from power plants and store them underground. Drax Group plc has partnered with C-Capture, a UK-based company, to develop a new carbon capture technology that is more efficient and cost-effective than existing technologies. The company plans to use this technology to capture carbon dioxide emissions from its biomass power plants and store them underground.

In addition to power generation, Drax Group plc is also involved in corporate energy and corporate PPA (power purchase agreement) services. The company provides energy solutions to businesses and organisations across the UK, helping them to reduce their carbon footprint and achieve their sustainability goals. Drax Group plc offers a range of renewable energy solutions, including wind, solar, and biomass, as well as energy storage and demand response services.

The company also offers corporate PPA services, which allow businesses to purchase renewable energy directly from a generator. This helps businesses to reduce their carbon footprint and achieve their sustainability goals, while also providing them with a reliable and cost-effective source of energy. Drax Group plc has signed a number of corporate PPA agreements with businesses across the UK, including Amazon, ScottishPower, and Haven Power.

Drax Group plc is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company aims to become carbon negative by 2030, which means that it will remove more carbon dioxide from the atmosphere than it emits. To achieve this goal, Drax Group plc will continue to invest in renewable energy, biomass, and carbon capture technologies, as well as exploring new technologies and innovations.

In conclusion, Drax Group plc is a UK-based power generation company that is committed to decarbonisation and sustainability. The company has made significant investments in renewable energy, biomass, and carbon capture technologies, and is a pioneer in the use of biomass as a fuel source for power generation. Drax Group plc also offers corporate energy and corporate PPA services, helping businesses across the UK to reduce their carbon footprint and achieve their sustainability goals. The company's ambitious targets to become carbon negative by 2030 demonstrate its commitment to sustainability and its role as a leader in the energy sector.

✓ Science Based Targets member
✓ Declared Net Zero commitment