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Drax boosts 2025 profit outlook, plans data center, faces UK probe over biomass sourcing.
Drax, a UK energy company, expects 2025 core profits near the top of market forecasts, driven by strong performance in biomass, flexible generation, and renewables.
It plans to repurpose its Yorkshire coal power station into a 100MW data center by 2027, using existing infrastructure.
The company forecasts £3 billion in free cash flow from 2025 to 2031, funding investments in renewable energy, data centers, and energy security.
It holds £2.3 billion in contracted power sales through early 2027.
Drax faces a UK financial watchdog investigation over biomass wood sourcing practices, following whistleblower allegations.
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Drax aumenta las perspectivas de ganancias para 2025, planea un centro de datos, se enfrenta a una investigación del Reino Unido sobre el abastecimiento de biomasa.