Welcome to our dedicated page for Drax Group news (Ticker: DRXGY), a resource for investors and traders seeking the latest updates and insights on Drax Group stock.
Drax Group (DRXGY) is a renewable energy and carbon removals company whose news flow centers on biomass-based power generation, pellet production, and the development of bioenergy with carbon capture and storage (BECCS) technology. Company announcements emphasize its purpose of enabling a zero carbon, lower cost energy future and an ambition to become carbon negative by using BECCS to deliver renewable power and permanent carbon removals.
News about Drax often highlights developments in its three principal areas of activity: electricity generation, electricity sales to business customers, and compressed wood pellet production and supply to third parties. Coverage includes updates on its large power station in North Yorkshire, pumped storage and hydro assets in Scotland, and expansion of pellet production capacity in regions such as Canada and the United States.
Investors and observers following DRXGY can expect stories on BECCS project milestones, biomass supply agreements, and partnerships that support sustainable forestry and carbon removals. Recent communications have described agreements with forestry companies to secure sustainable fiber for BECCS operations in the US Southeast, as well as the launch of Elimini, a Drax subsidiary focused on carbon removals and 24/7 renewable power.
Drax news also features community and philanthropic initiatives through the Drax Foundation and Community Fund, including grants for STEM education, biodiversity projects, and green space improvements in the regions where it operates. Updates on collaborations with universities and research institutions, such as partnerships with Louisiana State University, provide additional context on how Drax engages with education and energy research. This news page brings together these themes to help readers follow the company’s operational, sustainability, and community-related developments.
Drax Group (OTC:DRXGY) has appointed Deidra L. Jackson as Senior Vice President of Corporate Affairs for North America, effective August 4, 2025. Jackson will lead the company's corporate affairs strategy and stakeholder engagement across North America, including government relations, media, industry partnerships, and community outreach.
Jackson brings over 20 years of experience in public affairs, corporate communications, and policy advocacy. She previously served as Chief External Affairs Officer at Ridgeline Advocacy Group and Senior Advisor at FTI Consulting. Her career includes senior roles at BASF, ICF Consulting, Shell Oil Products US, and PricewaterhouseCoopers. Based in Washington, D.C., she will report to Drax Group's Chief Sustainability Officer Miguel Veiga-Pestana.
Elimini, a new US-based company focused on carbon removals and 24/7 renewable power, has launched at Climate Week NYC. The company aims to lead in carbon removal through bioenergy with carbon capture and storage (BECCS) technology. Elimini has secured 11 carbon dioxide removal deals with eight companies, two biomass supply agreements, and formed an Advisory Council. It's exploring over 20 potential BECCS sites in North America and projects in six other countries.
The launch comes as research shows 74% of Americans are concerned about climate change, with only 37% believing the government is doing enough to support carbon removal technologies. Elimini plans to sell carbon removals generated at Drax Power Station and has partnered with universities for research collaborations. The company aims to provide alternatives for powering communities while meeting climate commitments.
A new economic analysis by MNP reveals that Drax Group contributed $1 billion to the Canadian economy and supported over 3,000 jobs in 2023. Drax operates 10 pellet plants across British Columbia and Alberta, producing sustainable biomass wood pellets for renewable power generation in the UK and Asia. The company's commitment to local sourcing is evident, with nearly 75% of goods and services purchased from provincial suppliers.
The report highlights Drax's significant impact on rural communities, providing 26% and 18% of total employment income in Entwistle and Burns Lake respectively. Drax's operations support various sectors, including high-skilled manufacturing, engineering, and transportation. The company's use of residuals and by-products from local sawmills also contributes to waste reduction and wildfire prevention.
Renewable energy company Drax has donated $291,585 to five U.S. non-profits focused on STEM education and environmental sustainability. The recipients include The Boys and Girls Clubs of America (Mississippi), The Texas Alliance for Minorities in Engineering (TAME), The Houston Audubon, The Central Creativity Foundation, and The Gulf Coast Center for Ecotourism and Sustainability. These funds will support thousands of children across Texas, Louisiana, and Mississippi, offering them access to STEM education and environmental programs. The Boys and Girls Clubs of America received $70,000 to enhance STEM opportunities in Central Mississippi and the Gulf Coast. TAME was awarded $80,000 to support free engineering programs for underrepresented students in Texas. The Houston Audubon, focused on protecting the natural environment, received $25,000. The Central Creativity Foundation, in collaboration with LaSTEM, got $66,585 to host energy camps in Mississippi and Alabama. Lastly, $50,000 went to The Gulf Coast Center for Ecotourism & Sustainability to promote environmental stewardship and sustainable tourism along the Gulf Coast.
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