When was Drax founded?

Drax was founded in 2005 and raised its 1st funding round 4 years after it was founded.

Where is Drax located?

Drax is headquartered in Selby, United Kingdom. It is registered at DRAX POWER STATION,SELBY,NORTH YORKSHIRE,YO8 8PH.

Who is the current CEO of Drax?

Dorothy Thompson and Will Gardiner s of Drax.

How many employees does Drax have?

As of Mar 31, 2026, the latest employee count at Drax is 2047.

Is Drax a funded company?

Drax is a funded company, having raised an undisclosed amount across 11 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Jun 23, 2009.

When was the latest funding round of Drax?

Drax's latest funding was a $***** Grant (prize money) round on Oct 01, 2020, with participation from 1 investor.

Where does Drax rank among its competitors?

Drax ranks 2nd amongst 75 active competitors, of which 5 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Babcock & Wilcox, which secured an undisclosed amount in Jun, 2025.

Who are the top competitors of Drax?

Drax's top competitors include Neoen, Abengoa and Enel Green Power. Among them, Babcock & Wilcox secured the most recent funding round in June, 2025.

Drax - 2026 Company Profile, Team, Funding & Competitors

Drax is a public company based in Selby (United Kingdom), founded in 2005. It operates as a Developer of renewable electricity generation and sustainable biomass production facilities. Drax has raised an undisclosed amount in funding. The company has 75 active competitors, including 5 funded and 24 that have exited. Its top competitors include companies like Neoen, Abengoa and Enel Green Power.

Company Details

Developer of renewable electricity generation and sustainable biomass production facilities. Operations include the generation of power from biomass, solar, wind, and hydropower sources. Storage assets and flexible generation systems support grid stability. Sustainable wood pellets are produced for internal use and sale to third parties for energy generation.

Website: drax.com
Social
Registered Address: DRAX POWER STATION,SELBY,NORTH YORKSHIRE,YO8 8PH

Key Metrics

Founded Year

2005

Location

Selby, United Kingdom

Stage

Public

Latest Funding Round

Grant (prize money), Oct 01, 2020, $*****

Investors

Europa & 1 more

Ranked

2^nd among 75 active competitors

Employee Count

2,047 as on Mar 31, 2026

Investment & Acquisitions

Bluefield Solar Income Fund & 9 more

Similar Companies

Neoen & 75 more

Exit Details

Public

View Drax's full profile

Drax is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DRAX GLOBAL s.r.o. CIN: 19913583 , Czech Republic, Active	Dec 05, 2023	-	-
DRAX, INDUSTRIES INC. CIN: 1844519 , United States, Active	Jan 12, 2014	$0 - $1M (As on Dec 31, 2021)	-	-
DRAX RIVER HYDRO LIMITED CIN: 5956747 , United Kingdom, Active	Oct 04, 2006	-	-
DRAX GROUP PLC CIN: 5562053 , United Kingdom, Active	Sep 12, 2005	-	3122 (As on Jan 31, 2021)

Drax got listed on Dec 15, 2005.

Click here to take a look at Drax's IPO in detail

Drax has raised funding over 11 rounds. Its first funding round was on Jun 23, 2009. Its latest funding round was a Grant (prize money) round on Oct 01, 2020 for $*****. 1 investor participated in its latest round. Drax has 2 institutional investors.

Here is the list of recent funding rounds of Drax:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2020	3656006	Grant (prize money)	9662244	8586467	9543286	7222804
Jun 01, 2020	6754356	Grant (prize money)	2083740	5315633	2984056	Europa
Mar 06, 2020	6830148	Grant (prize money)	1220712	9691409	5357746	Gov

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Drax's employee count trend

Drax has 2,047 employees as of Mar 26. Here is Drax's employee count trend over the years:

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Top competitors of Drax include Neoen, Abengoa and Enel Green Power. Here is the list of Top 10 competitors of Drax, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Neoen 2008, Paris (France), Acquired	Producer of solar wind and battery energy storage power projects	$28.3M	SA.GOV.AU, Omnes Capital & 14 others	67/100
2nd	Drax 2005, Selby (United Kingdom), Public	Developer of renewable electricity generation and sustainable biomass production facilities	-	Europa, Gov	65/100
3rd	Abengoa 1941, Seville (Spain), Public	Provider of energy and water & waste management services	-	EIG Global Energy Partners, First Reserve ... & 4 others	65/100
4th	Enel Green Power 2008, Rome (Italy), Acquired	Operator of hydroelectric solar wind geothermal and biomass power plants	-	Absa Group, Macquarie & 4 others	63/100
5th	Babcock & Wilcox 1867, Akron (United States), Public	Manufacturer of steam generation equipment and environmental control technology systems	-	Vintage Capital Management, GALLOWAY CAPITAL ... & 3 others	61/100
6th	INNIO 2018, Jenbach (Austria), Public	Manufacturer of gas engines for power generation and compression applications	-	Europa, Advent International	56/100
7th	Char Technologies Public	Developer of technology converting organic waste into renewable energy products	-	ArcelorMittal, Sustainable Development Technology Canada ... & 4 others	54/100
8th	Ignitis Group 1991, Vilnius (Lithuania), Public	Operator of electrical power distribution networks and renewable energy assets	-	European Investment Bank, EBRD	50/100
9th	Centuri 2014, Phoenix (United States), Public	Provider of construction and maintenance services for energy utility infrastructure	-	-	45/100
10th	Kapco 1996, Pakistan, Unfunded	Operator of power plant facilities for electricity generation and distribution	-	-	44/100

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Drax has made 4 investments in companies including Smart Green Shipping and C-Capture. Drax has also acquired 6 companies including Bluefield Solar Income Fund and Flexitricity.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 2026	Acquisition	Bluefield Solar Income Fund	2013	St. Peter Port (United Kingdom)
Jan 21, 2026	Acquisition	Flexitricity	2004	Edinburgh (United Kingdom)
Mar 25, 2025	Acquisition	Heitp		United Kingdom