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 underserved groups.
Caroline Bleay
Communications Manager, Canada 
780-502-1571
[email protected] Group’s purpose is to enable a zero carbon, lower cost energy future and in 2019 announced a world-leading ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) technology. Drax’s around 3,000 employees operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production and supply to third parties. For more information, visit http://www.drax.com/ca 
Pellet production and supplyThe Group has 18 operational pellet plants and developments with nameplate production capacity of around five million tons a year. Drax is targeting eight million tons of production capacity by 2030, which will require the development of over three million tons of new biomass pellet production capacity. The pellets are produced using materials sourced from sustainably managed working forests and are supplied to third party customers in Europe and Asia for the generation of renewable power. 
(GlobeNewsWire)