What was the challenge?
Our client, Drax Power Ltd (Drax), is operating in an evolving energy market. They own one of the largest power stations in the UK and are embarking on a number of projects and programmes to meet their sustainability strategy: Drax was the first company in the world to announce an ambition to be carbon negative by 2030.
Drax wanted to transition away from coal-based electricity generation and move to a focus on renewable power, in advance of UK legislative changes. Before beginning a widespread transformation, the management team needed to ensure strategic alignment and understand the organisation’s current change initiatives.
They engaged us to articulate their strategy, prioritise the current portfolio of change initiatives, and establish a plan to deliver large scale change.
How did we help?
As part of an intensive analysis phase, we interviewed the management team; reviewed business plans and examined any existing initiative data. After consolidating this data set, we facilitated a series of workshops with the management team, we ensured that we had a holistic view of their business change portfolio.
We facilitated a number of focus sessions to ensure the board had a cohesive view of the company’s strategy. The portfolio of activities that linked to the consolidated strategy were prioritised. Based on these sessions, we produced a strategic ‘plan on a page’ detailing their strategy, the projects needed to deliver the strategy, and the KPIs to measure it.
We also stepped in to support some of their most strategically important programmes, which included a revising operations to re-focus from coal on to other energy sources; investigating viable, sustainable fuel options; streamlining their internal operations and building out the plan and approach to fully integrate their newly acquired assets into the Generation business.
What was the impact?
The engagement established a clear and simple strategy and ensured that all activity was aligned to delivering this strategy, which included:
- Establishing a transformation portfolio that is comprised of infrastructure, integration, revenue growth and cost saving initiatives.
- Designing and mobilising a portfolio office that now provides support and structure to Drax’s most complex change programmes.
- Embedding a framework to allow the identification and classification of viable fuel options – which is used to target further research and investigation.
- Creating a aligned vision and template for the integrated business, with a clear plan on how to reach integration goals
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