Drax Group reported operational and financial performance in the first half of 2024. For the six months ending June 30, 2024, Drax’s adjusted EBITDA reached £515 million, up from £417 million in H1 2023. Net debt decreased from £1,274 million to £1,035 million. Operating profit rose to £518 million from £392 million, and profit before tax increased to £463 million from £338 million. The pellet production segment saw improvements, producing 2.0 million tons of pellets, up from 1.9 million tons in H1 2023, with better margins. …Drax Group CEO Will Gardiner highlighted the company’s achievements and future plans: “Drax has delivered a strong operational performance, playing an important role in supporting the UK energy system with dispatchable, renewable power, while supporting thousands of jobs throughout our supply chain.