Drax Group plc

09/14/2021 | Press release | Distributed by Public on 09/14/2021 02:56

Leading B2B renewable energy supplier changes its name to Drax

  • The name change marks the next step in the renewable energy supplier's journey to help businesses and organisations become more sustainable, supporting the UK's climate goals
  • The rebrand follows the launch of Drax Electric Vehicles and Drax Electric Assets and aims to offer a partnership approach for customers, supporting the UK's journey to net zero

B2B renewable energy supplier Haven Power is changing its name to Drax, to deliver the products and services businesses and organisations need in order to support UK efforts to reach net zero.

Haven Power was acquired by Drax Group in 2009 and supplies more than 20,000 large industrial and commercial customers with over 12TWh of renewable sourced electricity each year - the equivalent annual power use of more than three million homes.

With the rebrand, Drax aims to partner with its business customers to support them in achieving their sustainability goals, delivering innovative solutions which help them optimise their energy use, reduce carbon emissions, and minimise costs.

The name change follows the launch of Drax Electric Vehicles, and Drax Electric Assets, which help businesses take control of their energy use through the electrification of their fleets and the optimisation of their operations.

Paul Sheffield, Managing Director of Drax's supply businesses, said:

'Drax has an impressive track record in sustainability - we've reduced Drax Group's carbon footprint by more than 90% in less than a decade.

'By more closely aligning our supply business to Drax, we can better support businesses and organisations with their own net zero ambitions using Drax's scale, knowledge and expertise in decarbonisation. It also demonstrates our commitment to enabling a zero carbon, lower cost energy future for our customers.'

Drax plans to deploy vital negative emissions technology, bioenergy with carbon capture and storage (BECCS), at its power station in North Yorkshire. This will permanently remove eight million tonnes of carbon dioxide from the atmosphere each year by 2030.

With the creation of a voluntary carbon market, business customers could purchase the permanent and verifiable negative emissions from Drax, helping difficult to decarbonise industries offset their own emissions. This supports efforts to decarbonise the UK's economy, protects jobs, and demonstrate climate leadership.

To find out more about the products and services available from Drax for businesses go to the website energy.drax.com

ENDS

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Ben Wicks
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Notes to editors

Drax is the largest supplier of renewable electricity to UK businesses Supplying 100% renewable electricity as standard to more than 370,000 sites through Drax and Opus Energy.

It offers a range of energy-related services including energy optimisation, as well as electric vehicle strategy and management.

For more information visit energy.drax.com.

About Drax

Drax Group's purpose is to enable a zero carbon, lower cost energy future and in 2019 announced a world-leading ambition to be carbon negative by 2030, using Bioenergy with Carbon Capture and Storage (BECCS) technology.

Its 3,400 employees operate across three principal areas of activity - electricity generation, electricity sales to business customers and compressed wood pellet production and supply to third parties.

Drax is already the largest decarbonisation project in Europe following the conversion of Drax Power Station in North Yorkshire to use sustainable biomass instead of coal. The company now plans to go further and become carbon negative by 2030 by deploying the vital negative emissions technology, bioenergy with carbon capture and storage, which will capture and permanently lock away more than 8Mt of CO2 per year.

Power generation

Drax owns and operates a portfolio of renewable electricity generation assets in England and Scotland. The assets include the UK's largest power station, based at Selby, North Yorkshire, which supplies five percent of the country's electricity needs.

Having converted Drax Power Station to use sustainable biomass instead of coal it has become the UK's biggest renewable power generator and the largest decarbonisation project in Europe. It is also where Drax is piloting the groundbreaking negative emissions technology BECCS within its CCUS (Carbon Capture Utilisation and Storage) Incubation Area.

Its pumped storage, hydro and energy from waste assets in Scotland include Cruachan Power Station - a flexible pumped storage facility within the hollowed-out mountain Ben Cruachan.

Pellet production and supply

Drax owns and has interests in 17 pellet mills in the US South and Western Canada which have the capacity to manufacture 4.9 million tonnes of compressed wood pellets (biomass) a year. The pellets are produced using materials sourced from sustainably managed working forests and are supplied to third party customers in Europe and Asia for the generation of renewable power.

Drax's pellet mills supply around 30% of the biomass used at its own power station in North Yorkshire, England to generate flexible, renewable power for the UK's homes and businesses.