Drax plays a key role in the British energy market, generating and supplying low-carbon energy, and providing energy solutions to industrial and business consumers across the country. It is the U.K.’s largest source of renewable power by output, with its portfolio of sustainable bioenergy, hydro-electric, and pumped storage hydro assets spread across England and Scotland.

Drax also has 17 operational and development pellet production sites across North America supplying sustainable biomass to power companies throughout Europe and Asia.

Wood fiber used in pellet production is a byproduct of sustainable forest management and the manufacture of solid wood products.

Since acquiring Pinnacle Renewable Energy in 2021, it has expanded its footprint across North America and transformed into a truly international business. In the medium-term, Drax plans to be the first power company in the world to capture carbon from 100% biomass feedstock, removing carbon from the atmosphere and creating ‘negative emissions’. Drax has an ambition to capture 12 MtCO2 a year by 2030 globally (including 8MtCO2 at the Drax Power Station in Yorkshire), to support the rapid decarbonisation of the global power sector.

Reflecting the international nature of Drax’s businesses, this study investigates its economic impact in the U.K., U.S., and Canada. It considers Drax’s own operations, the economic activity supported by its procurement spending and the impact of the wage payments to employees