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Overview
Drax Group is a British energy company that specializes in renewable and low-carbon energy generation. Its main focus is on providing sustainable, reliable and affordable energy to its customers. The company was founded in 2005 and is headquartered in Selby, North Yorkshire, UK. Drax is one of the largest energy companies in the UK, employing over 2,200 people and generating around 12% of the country's electricity. It has operations in biomass, hydro, gas and coal generation, as well as energy storage and supply. The company has made a commitment to become a carbon-negative company by 2030, meaning it will remove more carbon dioxide from the atmosphere than it emits. It is also actively working towards achieving net-zero carbon emissions by 2050 in line with the UK's target to tackle climate change. Drax is a public limited company and is listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index, which is an index of the 250 largest companies on the London Stock Exchange. The company's current CEO is Will Gardiner, who has been in the role since January 2018. Drax has received several awards and recognition for its commitment to sustainability and renewable energy. This includes being named as one of the world's most sustainable companies by Corporate Knights in 2021 and receiving the Renewable Energy Association's Company of the Year award in 2019.
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