Drax Group (LSE:DRX)

UK company
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Market Info - DRX

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Company Info - DRX

  • Market Cap£1.197bn
  • SymbolLSE:DRX
  • IndustryUtilities
  • Sector-
  • Currency
  • ISINGB00B1VNSX38

Company Profile

Drax Group PLC is an electric utility company that produces energy for large customers and businesses in the United Kingdom. Drax generates thermal energy through the use of coal and biomass fuel sources. The majority of the power that the company produces comes from coal fuel sources. The rest comes from the burning of compressed wood pellets, or biomass, sourced from forests in the American South. Drax primarily brings in revenue through the sale of power. The sale of United Kingdom renewable certificates also represents a significant revenue stream. The company is one of the U.K. 's largest producers of renewable power and controls Europe's single largest decarburization project by way of its biomass facilities.Drax Group PLC operates in the electricity generation industry within the UK. Its segments are electricity generation, supply of power to business customers and manufacturing of sustainable compressed wood pellets for use in electricity production.

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