DRAX GRP. ORD 11 16/29P overview

VANCOUVER, British Columbia, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Drax commends the Government of Canada on the inclusion of biomass-using technologies in the Clean Technology and Clean Electricity Investment Tax Credits from the Fall Economic Statement (FES) released this week. Biomass is a key component of the clean energy sector with the potential to reduce reliance on diesel fuel in rural and remote communities. It is a proven dispatchable, renewable fuel source in the fight against climate...

VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Renewable energy company Drax has announced that five Canadian non-profits will receive over $450,000 from the second round of Drax Foundation donations. The latest round of funding will go to programs that benefit Indigenous communities, as well as over 1,200 children in programs through STEM education, and 20,000 people through the protection of biological diversity and sustainable forest management. 100% of these grants will reach...

VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) -- Drax has announced its first round of grant recipients who will be receiving funding from the newly created Drax Foundation. Launched in March 2023, the Drax Foundation funds initiatives that support education and skills development in Science, Technology, Engineering, and Math (STEM), as well as those that improve green spaces, enhance biodiversity, and support Indigenous communities within the communities Drax operates. In Canada,...

VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- Drax, a leading producer and supplier of sustainable biomass, commends the Government of Canada on its recent Budget 2023 plan that supports significant investments in clean energy technologies and the need for biomass to achieve a clean economy. The Budget 2023 plan specifically highlights biomass as a key component of the clean energy sector, acknowledging its potential to reduce reliance on diesel fuel in rural and remote...

VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Pinnacle Renewable Energy Inc., the Canada-based international supplier of sustainable bioenergy pellets, and British energy company Drax Group plc have announced that Drax’s acquisition of Pinnacle (first announced on February 8, 2021) has completed. The acquisition received overwhelming support from both sets of shareholders with 95.97% of Pinnacle’s and 99.99% of Drax’s shareholders voting in favour. It makes Drax the...

Inbound investment signals a vote of confidence in Pinnacle’s expertise in sustainable wood pellet production in Canada and the Southern US Combination positioned as the world’s leading sustainable biomass generation and supply business SELBY, United Kingdom, Feb. 08, 2021 (GLOBE NEWSWIRE) -- British energy company Drax has agreed to acquire Pinnacle at a price of C$11.30 per share, valuing Pinnacle at C$385 million. The acquisition brings together Drax, which owns the world’s largest...