Drax Group plc (DRXGY) Research

Drax Group plc, founded in 2005 and based in Selby, United Kingdom, primarily engages in the generation of renewable power across the UK. The company's activities are managed through three core divisions: Generation: This segment is responsible for delivering sustainable, on-demand electricity to the national grid, along with providing essential system support services. Customers: This division offers energy management solutions and grid support services that are not related to power generation. Pellet Production: This segment focuses on the manufacturing and supply of low-carbon fuel. Among its significant assets, Drax owns and runs the Drax Power Station in Selby, North Yorkshire, which has a substantial 2,000-megawatt (MW) generating capacity. Its portfolio also includes hydroelectric facilities such as the 440 MW Cruachan Power Station, a pumped hydro storage plant situated in Argyll and Bute, and the 126 MW Lanark and Galloway hydro-electric stations located in southwest Scotland. Additionally, Drax operates the Daldowie fuel plant, which processes sludge into dry, low-odour fuel pellets. Beyond these operations, the group is involved in producing and selling compressed wood pellets, and it acts as a supplier of renewable electricity.

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