Drax

About Drax

Drax Global is committed to enabling a zero carbon, lower cost energy future through engineering, technology, and innovation. Their ambition is to reach net zero across their value chain by 2040, focusing on decarbonizing supply chains and promoting sustainable energy solutions.

Products & Services

Pellet Sales:Sales of biomass pellets as a renewable energy source.

Energy Solutions:Energy services and solutions through Drax Energy Solutions and Opus Energy, focusing on sustainable energy provision.

Carbon Removals:Bioenergy with Carbon Capture and Storage (BECCS) to remove carbon dioxide from the atmosphere.

Biomass:Sourcing and utilization of biomass for renewable energy generation.

Pumped Storage Hydro:Hydroelectric energy storage and generation, including operations at Cruachan Power Station.

Specialties

Bioenergy with Carbon Capture and Storage (BECCS) Biomass Sourcing and Operations Pumped Storage Hydro Sustainable Energy Solutions Carbon Removals

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Subsidies T: - FT: Subsidies	A: 125000000 MR: - FA: hundreds of millions of pounds FAN: 125000000	D: 2024-04-25 FD: 2024-04-25	1 investors
2	RT: Grant T: - FT: Grant	A: 150000 MR: - FA: $150,000 FAN: 150000	D: 2023-06-21 FD: 2023-06-21	1 investors

Subsidies Latest

2024-04-25

$125.0M

1 investor (Pro only)

Grant 2023-06-21

$150K

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

A

Andrea Bertone

Chair

W

Will Gardiner

CEO

F

Frank Lemmink

Group Chief Financial Officer

D

David Nussbaum

Senior Independent Non-Executive Director

J

John Baxter

Independent Non-Executive Director

J

John Baxter CBE

Independent Non-Executive Director

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Recent News

Drax Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised