Drax signs 250MW battery storage tolling agreement with Fidra EnergyDrax Group plc (LON:DRX) has announced that it has signed a tolling agreement with West Burton C Limited, a company owned by Fidra Energy(1), for 250MW (500MWh) of new BESS capacity. Our first BESS tolling agreement is an important step in our ambition for a gigawatt scale pipeline of battery storage opportunities, alongside our recent acquisitions of Flexitricity and three battery storage developments. Drax sees the agreement as a capital light opportunity to provide additional BESS capacity for the Group’s FlexGen portfolio, alongside physical ownership of BESS assets(3). In October 2025, Drax signed an agreement with Apatura Limited to acquire three BESS projects, which when fully commissioned will provide capacity totalling 260MW(3). Notes:(1) Battery Energy Storage | Flexible Battery Electricity | Fidra Energy(2) The cash flow that Drax expects to generate over the life of the contract when compared to the present value of the annual toll payments, is expected to deliver a return significantly above Drax’s WACC.