Why Drax Group strong position excites fund manager Gervais Williams

Drax Group PLC (LON:DRX) recently published its trading update for the first quarter of 2022 in which it delivered a strong system support performance as reliable, renewable electricity continued to support UK energy security and helped to keep the lights on for millions of British homes and businesses.

It advanced its strategy to increase biomass pellet production, with another 400Kt of capacity commissioned from two new pellet plants in the US and it progressed the engineering design work for its UK BECCS project, which will deliver negative emissions for the UK and pioneer BECCS technology at scale.

DirectorsTalk caught up with Fund Manager Gervais Williams for his thoughts on the sustainable energy stock…

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