Drax Group
Drax Group is a UK-based renewable energy company focused on low-carbon power generation, biomass production, and energy supply for businesses. It operates a portfolio of renewable assets, including biomass power plants, hydroelectric facilities, and pumped-storage sites across England and Scotland, and it produces compressed wood pellets for energy use. The company supplies electricity and gas to large industrial and commercial customers and offers energy management services. It also runs a bioenergy supply business with manufacturing facilities in the United States and Canada, supporting pellet production for customers in Europe and Asia. Drax is active in carbon capture and storage initiatives to support decarbonization. Most of its revenue comes from serving business customers and providing energy solutions.
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Past deals in Hydroelectric
Pinnacle Renewable Holdings
Acquisition in 2021
Pinnacle Renewable Energy Inc. is a manufacturer and distributor of industrial wood pellets, primarily used for electricity generation and home heating. The company operates nine production facilities in Western Canada and one in Alabama, with additional facilities under development. Pinnacle's products serve to displace fossil fuels in power generation, helping to produce renewable and baseload power for utilities and large-scale power generators. The company has secured long-term contracts with utilities in the U.K., Europe, and Asia, which cover approximately 99% of its production capacity until 2026. Additionally, Pinnacle owns the Westview port facility in Prince Rupert, British Columbia, which is utilized for the storage, handling, and loading of wood pellets. Founded in 1989 and headquartered in Richmond, Canada, Pinnacle Renewable Energy Inc. plays a significant role in the renewable energy sector.
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