Drax's Bold Move Towards Flexible Power
Update: 2025-12-11
Description
Drax Group projects a positive full-year earnings outlook for 2025, driven by strong performance in flexible generation, pellet production, and biomass power operations. The company aims to generate £3 billion in free cash flow from 2025-2031, returning over £1 billion to shareholders and investing up to £2 billion in new projects. Drax is diversifying into battery energy storage, gas-fired power plants, and data centers to meet growing demand, particularly from data-intensive industries. With £2.3 billion in forward power sales secured and biomass/hydro output fully hedged, Drax is well-positioned to navigate the UKs shifting energy landscape.
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