Drax: latest developments and connections

What's happening

Reports per dayLast 90 days

90 days agoDrag either end to show only events that began in that periodToday

Earlier this month

A rewiring project involving a subsea cable is being discussed to meet network transmission needs in the Highlands and Aberdeenshire.

Some support1 report

One to three months ago

UBS upgraded Drax following a solar deal, noting Drax's reliance on Yorkshire biomass operations.

Some support1 report

Gone quiet

No new reports in 90+ days

Drax made a £548 million acquisition of Bluefield Solar, while a US rival simultaneously acquired Ramsdens for £230 million.

Some support2 reports
Zenobē has a tolling agreement with Drax. The Wallace project is located in Ayr, Scotland. International lenders include ABN AMRO. ContourGlobal has projects in Chile and plans for Arizona.

Some support1 report
The FCA reviewed Drax's market statements and accounts regarding its power plant operation in Selby, while Ofgem found reporting failures concerning biomass sourcing.

Some support2 reports

Around Drax this week

News at the entities that move Drax most

Louisiana Structural
High fuel and fertilizer prices are increasing operating costs in Louisiana's Acadiana region.

Moves Drax
11:24
Yorkshire Structural
A Brora collection is made in Yorkshire, with celebrity endorsement driving fashion sales.

Moves Drax
Tue 11:20
Financial Conduct Authority Structural
The Financial Conduct Authority published a Handbook Notice on cryptoassets, and TNFD guidance began using LEAP data to assess water risks.

Moves Drax
08:54
UBS Mentioned together
Kioxia is highlighted as a major winner in Japan's tech sector amid broader market commentary from UBS.

Moves Drax
00:22
Harold Wilson Shared context
John Simpson covered the Islamic revolution in Tehran, while political figures like Burnham and Wilson were involved in related commentary.

Moves Drax
Tue 23:22
Metlen Energy & Metals Transactional
Kyriakos Mitsotakis attended the inauguration of an energy facility belonging to Metlen Energy & Metals.

Moves Drax
Thu 09:00

Connections

The 14 strongest of 18, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.

Bluefield Solar Income Fund Structural

Bluefield Solar Income Fund became a subsidiary of Drax following its acquisition, integrating into Drax's power generation portfolio.

Well supportedSep 17

Drax → Bluefield Solar Income Fund
Bluefield Solar Income Fund → Drax
Louisiana Structural

Drax operates pellet mills within the operational context of Louisiana.

Some supportJun 11

Drax → Louisiana
Louisiana → Drax
Yorkshire Structural

Drax operational viability is dependent on the biomass resource base and operations within the region of Yorkshire.

Some supportAug 25

Drax → Yorkshire
Yorkshire → Drax
Will Gardiner Structural

Will Gardiner serves as the Chief executive of Drax.

Some supportSep 17

Drax → Will Gardiner
Will Gardiner → Drax
Financial Conduct Authority Structural

The Financial Conduct Authority formally reviews Drax's market statements and accounts as part of its regulatory oversight.

Some supportJun 18

Drax → Financial Conduct Authority
Financial Conduct Authority → Drax
National Energy System Operator Operational

Drax facilities are functionally integrated into the balancing mechanism of the national energy grid, responding to operational calls from the NESO.

Well supportedSep 17

Drax → National Energy System Operator
National Energy System Operator → Drax
Aberdeenshire Structural

A critical functional dependency exists between the two entities via a subsea cable connection, facilitating a supply relationship.

Some supportSep 22

Drax → Aberdeenshire
Aberdeenshire → Drax
North Yorkshire Shared context

Drax is a village geographically contained within the larger administrative area of North Yorkshire.

Some supportSep 25

Drax → North Yorkshire
North Yorkshire → Drax

Show all 14 connections

Selby Shared context

Drax operates its power plant within the geographical context of Selby.

Some supportJun 18

Drax → Selby
Selby → Drax
UBS Mentioned together

UBS upgraded Drax's financial rating following a solar deal.

Some supportAug 25

Drax → UBS
UBS → Drax
Mississippi Shared context

Drax facilities are located near Gloster, Mississippi.

Some supportJun 11

Drax → Mississippi
Mississippi → Drax
Metlen Energy & Metals Transactional

Metlen Energy & Metals is involved in a contract with Drax.

Some supportAug 9

Drax → Metlen Energy & Metals
Metlen Energy & Metals → Drax
Harold Wilson Shared context

Harold Wilson's political ideas are cited as having influenced the energy sector in which Drax operates.

Some supportSep 28

Drax → Harold Wilson
Harold Wilson → Drax
Ayr Mentioned together

The provided evidence does not describe any relationship between Drax and Ayr.

Some supportJul 2

Drax → Ayr
Ayr → Drax

History

Events by the month they began

September 2026

1 event

Sep 22, 2026A rewiring project involving a subsea cable is being discussed to meet network transmission needs in the Highlands and Aberdeenshire.

August 2026

1 event

Aug 25, 2026UBS upgraded Drax following a solar deal, noting Drax's reliance on Yorkshire biomass operations.

July 2026

2 events

Show 1 earlier month

June 2026

1 event

Jun 18, 2026The FCA reviewed Drax's market statements and accounts regarding its power plant operation in Selby, while Ofgem found reporting failures concerning biomass sourcing.