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Drax Group PLC

Drax Group plc is a UK-based renewable power generation company operating through four segments: Pellet Production, Biomass Generation, Flexible Generation, and Energy Solutions. It produces and sells biomass pellets, generates and sells electricity from biomass, pumped storage, run-of-river hydro, and OCGT assets, and processes and sells waste-derived pellets. The company also supplies electricity to non-domestic customers. Its assets include Drax Power Station in Selby, North Yorkshire; Cruachan Power Station, a 440 MW pumped storage hydro station in Argyll and Bute; Lanark and Galloway hydro-electric power stations with 126 MW in south-west Scotland; and the Daldowie fuel plant, which processes sludge into dry low-odour fuel pellets. Drax Group plc was incorporated in 2005 and is based in Selby, United Kingdom.

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Fidra Energy reaches financial close on 500MW West Burton C battery storage project

Fidra Energy has reached financial close on its 500MW/1.1GWh West Burton C battery energy storage system project in Nottinghamshire, England. The European BESS developer, backed by EIG and the National Wealth Fund, secured £231 million in new loan facilities from a consortium of international lenders, adding to existing investment commitments from its backers. Total investment in the project is estimated at around £250 million. Construction is expected to begin later in 2026, with the facility becoming fully operational in 2028, and Sungrow will supply the batteries while H&MV Engineering serves as principal designer and contractor. Fidra has also signed a long-term offtake agreement with Drax Group for 50% of the project's capacity, and the project secured a 15-year UK capacity market award in March 2025.
DRX.LSE ▲Sungrow Power… ▲
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Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Supply
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Fidra Energy · Capital · Positive Fidra Energy reached financial close and secured £231 million in loan facilities for its project.
DRX.LSE · Demand · Positive Drax Group signed a long-term offtake agreement for 50% of the project's capacity.
300274.CS · Demand · Positive Sungrow will supply batteries for the 500MW project, securing a large order.
H&MV Engineering · Demand · Positive H&MV Engineering will serve as principal designer and contractor for the project.
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Power Technology·76dRead more →
DRX.LSE

Drax Appoints Dr. LeMia Jenkins as VP of Government and Regulatory Affairs for North America

Drax Group has appointed Dr. LeMia Jenkins as Vice President of Government and Regulatory Affairs for North America. She will lead the company's government and regulatory strategy across the United States and Canada, overseeing engagement with federal, state, provincial, and local policymakers and regulators. Dr. Jenkins brings more than 20 years of experience, most recently serving as Chief of Staff at the Mississippi Public Service Commission, and has held senior leadership roles at Pinterest, Walmart, and Caesars Entertainment. She holds a doctorate in education from the University of Mississippi.
DRX.LSE
DRX.LSE · Regulation · Neutral Appointment of a VP for government and regulatory affairs signals proactive engagement but no immediate policy change or impact.
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PR Newswire·104dRead more →
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