Drax Group
Drax Group is a UK-based renewable energy company focused on generating low carbon and renewable electricity. It operates a diverse portfolio of power generation assets, including the Drax Power Station, which utilizes biomass and coal, as well as hydroelectric and pumped hydro storage facilities located in England and Scotland. The company produces compressed wood pellets as a sustainable alternative to fossil fuels and supplies electricity and gas to various commercial and industrial customers. Drax Group also engages in carbon capture and storage initiatives to further its decarbonization efforts. Incorporated in 2005 and headquartered in Selby, the company plays a significant role in the transition to a low-carbon energy system while supporting the electricity grid with system services.
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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