Pinnacle Renewable Energy Inc

Drax Group is a global leader in sustainable biomass energy and carbon removal, committed to enabling a zero carbon, lower-cost energy future. The company operates renewable electricity generation assets in the UK, including the largest power station converted from coal to biomass, supplying 5% of the country’s electricity. Drax also produces and supplies compressed wood pellets through its extensive network of pellet plants across Western Canada and the US South following its major acquisition of Pinnacle Renewable Energy Inc., significantly boosting production capacity and international reach. With operations centered on sustainability, Drax focuses on sourcing biomass from responsibly managed forests using by-products like sawdust that would otherwise be wasted. The company is pioneering Bioenergy with Carbon Capture and Storage (BECCS) technology aiming to become carbon negative by 2030 by permanently removing millions of tonnes of CO2 annually. Additionally, Drax supports around 250,000 UK businesses through its B2B energy supply brands Haven Power and Opus Energy while advancing environmental stewardship initiatives globally alongside community investment programs—all positioning it as a key player driving green innovation at scale amid growing climate challenges.