Drax

company 2 Deals 2 Partners

Drax Group is a UK-based renewable energy company operating approximately 3 GW of biomass, hydro, and pumped hydro generation assets, primarily in the UK. It focuses on sustainable biomass production in North America and developing Bioenergy with Carbon Capture and Storage (BECCS) technology.

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Founded 1999 3,000 employees

Renewable Energy CompanyOperatorDeveloper

Strategic Overview

Aiming to be carbon negative by 2030 through Bioenergy with Carbon Capture and Storage (BECCS).
Investing in sustainable biomass supply chain and production facilities in North America.
Developing new pumped hydro storage capacity to support grid stability and renewable energy integration.

Deal History (2)

Drax acquires Flexitricity to enhance AI-driven battery energy storage system (BESS) operations

Buyer Storage United Kingdom Apr 1, 2026

Quinbrook sells Flexitricity to Drax

Buyer Other null Jan 21, 2026

Investment Focus

Technologies

Storage1

Other1

Geography

United Kingdom1

null1

Key People

Will Gardiner

CEO

Andy Skelton

CFO

Track Record

3,050

MW Total

Deals Completed

Years Active

Notable projects: Drax Power Station (Biomass conversion), Cruachan Pumped Hydro Storage, BECCS Project at Drax Power Station

Detailed Analysis

Technologies

BiomassHydropowerPumped Hydro StorageCarbon Capture and Storage (CCS)Bioenergy with Carbon Capture and Storage (BECCS)

Sectors

Energy TransitionUtilities

Geographies

United KingdomUnited StatesCanada

Deal Stage

OperatingGreenfield

Deal Structure

Direct InvestmentPartnershipAcquisition

Subsidiaries

Drax Biomass Inc.Drax Generation Enterprise Limited

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