SOURCE: University of Saskatchewan
February 16, 2021
BY Greg Basky, USask research profile and impact
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Drax is pleased to announce that it has signed an agreement to acquire Flexitricity Ltd., a U.K.-based optimizer of flexible energy assets, from Quinbrook. The transaction is expected to close during the first quarter of 2026.
Renewable energy company Drax has announced the donation of $20,000 to the Center for Children and Families. The 2025 fundraising efforts banked the highest dollar amount Drax has raised through its event.
The Alliance for Green Heat announced on Feb. 2 that firewood banks working with national forests sourced around 9,700 cords of firewood from federally managed lands during the 2025–2026 season—an increase of 35% over last year.
Drax on Feb. 3 announced plans to adapt its organizational structure to its evolving business. The company is launching a consulting process that could result in the reduction of more than 350 employees in the U.K. and U.S.
The U.S. exported 891,093.3 metric tons of wood pellets in November, up from 814,292.2 metric tons in October and 874,171.2 metric tons in November 2025, according to data released by the USDA Foreign Agricultural Service on Jan. 29.