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Acq - P2P | Acquired



About Pinnacle Renewable Energy

Pinnacle specializes in the production and sale of wood pellets used as fuel in thermal power generation plants in Europe and Asia.On April 13th, 2021 Pinnacle Renewable Energy was acquired by Drax Group.05M.

Pinnacle Renewable Energy Headquarters Location

350 - 3600 Lysander Lane

Richmond, British Columbia, V7B 1C3,



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Latest Pinnacle Renewable Energy News

Wood Pellets Market Expected to Surpass US$ 26 Billion by 2032 amid Rising Demand for Carbon Neutral and Sustainable Fuel | Future Market Insights, Inc.

Sep 15, 2022

A significant reduction in the emission of greenhouse gasses is increasing the consumption of wood pellets in the industrial sector. Continued innovations in combustion technology are to be accredited for the impressive growth of the wood pellets market. Key Takeaways from the Market Study North America accounts for the revenue of US$ 200 Million in 2022 Europe is projected to account for approximately 78% of the global market share Asia Pacific is projected to account for 11% of the market share  Forest and wood waste derived wood pellets to experience highest uptake, flourishing at a 10.4% CAGR until 2032 By end use industry, residential applications to account for a revenue of US$ 3.5 Billion in 2022 “The manufacturers are increasing the availability of self-cleaning systems in wood pellet boilers that require minimal user input. Even though these boilers are gaining popularity, they require frequent maintenance in order to have the highest working proficiency.” says an analyst at FMI. Market Competition Key players in the wood pellets market are Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC. The United Kingdom's energy company Drax Group PLC announced the acquisition of Canada-based wood pellet producer Pinnacle Renewable Energy Inc. in February 2021. With the addition of Pinnacle's 11 sites, Drax will own 17 pellet plants and development projects. In April 2021, Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui OSK Lines (MOL), a leading international marine transport group, signed an MoU agreement to develop and deploy an environmentally friendly bulk carrier. More Insights Available FMI, in its new offering, presents an unbiased analysis of the global wood pellets market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032. The study reveals essential insights on the basis of feedstock (Forest and Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops), end-use industry (Residential/Commercial Heating, CHP/District Heating, Co-firing) & region. Table of Content     3.1. Market Segmentation     3.3. Raw material trend About the Chemicals & Materials Domain at Future Market Insights  The healthcare domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts Explore Related Research Reports of Chemicals & Materials:     Wood Coating Resins Market Overview : Wood Coating Resins Market: Global Industry Analysis and Opportunity Assessment 2016-2026 Biomass Pellets Market Outlook : Biomass Pellets Market by Source, End Use & Region - Forecast 2022 - 2032 Wood Coatings Market Trends : Wood Coatings Market by Product, End Use, Application, Type & Region - Forecast 2022-2032 Wood Plastic Composites Market Outlook : Wood Plastic Composites Market by Product, Application & Region - Forecast 2022 - 2032 ABOUT FUTURE MARKET INSIGHTS, INC. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries. Contact Us:

  • Where is Pinnacle Renewable Energy's headquarters?

    Pinnacle Renewable Energy's headquarters is located at 350 - 3600 Lysander Lane, Richmond.

  • What is Pinnacle Renewable Energy's latest funding round?

    Pinnacle Renewable Energy's latest funding round is Acq - P2P.

  • Who are the investors of Pinnacle Renewable Energy?

    Investors of Pinnacle Renewable Energy include Drax Group, Prospect Co and ONCAP.

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