Biomass Power Market Top Companies & Manufacturers Companies

Section 1 — Biomass Power Market Companies Overview

Why Biomass Power Market Is Expanding?

The global biomass power market is expanding on the strength of converging policy mandates, energy security imperatives, and growing recognition of biomass as a dispatchable, baseload-capable renewable energy source that can replace coal and gas in existing power infrastructure. Market Research Future estimates the biomass power market at USD 137.81 billion in 2024, growing from USD 143.87 billion in 2025 to USD 221.30 billion by 2035, at a CAGR of 4.4% over the forecast period. North America remains the largest regional market, holding approximately 45% of global share in 2025, driven by federal Renewable Fuel Standard (RFS) incentives, state-level renewable portfolio standards, and a well-established woody biomass supply chain across the U.S. South and Pacific Northwest. Asia-Pacific is the fastest-growing region, as China, Japan, India, and South Korea expand biomass power capacity to diversify from coal and to meet rising electricity demand with dispatchable renewable generation.

Why These Companies Are Leading the Market?

Market Research Future's competitive assessment identifies four structural factors that consistently separate global biomass power market leaders from regional and smaller operators.

Market Research Future's assessment is that biomass power market leadership through 2035 will be defined by companies that combine policy-secured revenue (CfDs, long-term PPAs, REC certificates), feedstock supply certainty (vertical integration or long-term biomass supply contracts), and technology evolution toward BECCS — which transforms biomass power from a renewable energy source into a negative-emissions asset, creating an entirely new value stream from carbon removal credits as carbon markets mature through the 2030s.

Section 2 — Top Companies in the Global Biomass Power Market — MRFR Rankings (2026)

MRFR has identified and profiled the following leading biomass power companies globally, evaluated on revenue performance, generation capacity, geographic presence, feedstock strategy, technology innovation, and policy positioning.

*Rankings based on MRFR analysis. Revenue figures sourced from official company filings and investor relations disclosures. Biomass-specific revenues are embedded within broader enterprise revenues for diversified utilities.

Section 3 — Detailed Company Profiles

1. Drax Group plc | LSE: DRX | Drax, North Yorkshire, England, UK

Drax Group is the largest single source of renewable electricity in the UK and the largest generator of biomass power in the world by installed capacity. It operates four biomass generation units at Drax Power Station in North Yorkshire with a total biomass generation capacity of around 2,535 MW. The company is also the world’s largest sustainable biomass pellet producer with its North American pellet manufacturing operations in the United States (Mississippi, Louisiana) and Canada, making it the only major biomass power company with significant vertical integration across both pellet production and power generation. Drax’s biomass generation is fuelled by sustainable forest leftovers and wood pellets that are certified under internationally-recognised sustainability guidelines. Its Pellet Production division supplies its own demand as well as third-party utility customers.

2. Ørsted A/S | Nasdaq Copenhagen: ORSTED | Fredericia, Denmark

Ørsted is a global renewable energy leader and one of the world's largest offshore wind developers, with bioenergy operations comprising a significant component of its Danish energy portfolio through biomass-fired combined heat and power (CHP) plants and waste-to-energy facilities that supply district heating to major Danish cities including Copenhagen, Aarhus, and Aalborg. Ørsted's bioenergy plants operate on wood chips and agricultural residues under strict Danish sustainability certification requirements, and the company has converted a substantial proportion of its original coal and natural gas CHP fleet to biomass combustion since its transformation from a fossil fuel company (formerly DONG Energy) beginning in 2017. Biomass CHP remains critical to Ørsted's Danish district heating obligations and supports the company's ability to balance intermittent renewable electricity generation with firm, dispatchable heat and power output.

3. RWE AG | ETR: RWE | Essen, Germany

RWE AG is one of Europe's largest energy companies, operating a diversified generation portfolio spanning renewable energy (wind, solar, hydro), biomass, pumped storage, and residual conventional generation across more than 15 countries. Its biomass power operations are centered on the 1,540 MW Amer power station in the Netherlands — one of Europe's largest biomass co-firing facilities — which has progressively increased its biomass fuel ratio as RWE accelerates its coal phase-out commitments. RWE also operates biomass co-firing capabilities at other Dutch and German power assets, and its biomass trading and origination teams source wood pellets, agricultural residues, and other eligible biomass feedstocks from global supply chains for use in its plants and for third-party sale.

4. Vattenfall AB | State-owned | Solna, Sweden

Vattenfall is a Swedish state-owned energy company generating and distributing electricity and heat across Sweden, Germany, the Netherlands, Denmark, Finland, and the United Kingdom, with biomass and waste-to-energy forming a core component of its heat and power generation portfolio in each of these markets. Its biomass CHP plants supply district heating to major Nordic cities — including Stockholm, Uppsala, and Gothenburg — alongside coal and gas facilities being progressively retired, with Vattenfall having committed to eliminating fossil fuels from its heat production by 2030 in its core markets. The company operates some of Europe's largest biomass-fired heat plants, including facilities in the Netherlands (Nuon Diemen, co-fired) and Germany, alongside its extensive Swedish biomass district heating network.

5. Fortum Oyj | Nasdaq Helsinki: FORTUM | Espoo, Finland

Fortum Oyj is a Finnish state-controlled energy company, operating in the Nordic countries and Poland. Its generation portfolio includes nuclear, hydro, wind, solar and biomass combined heat and power facilities providing residential and industrial customers with electricity and district heating. The company’s district heat infrastructure in Finland is based on biomass CHP operations, with a significant share of heat demand met by biomass in cities such as Espoo and Joensuu, and in Poland, where the Fortum Zabrze CHP plant supplies heat to the Zabrze metropolitan area. Fortum’s biomass strategy is focused on the use of local wood chips and agricultural leftovers in its CHP plants, which decreases the carbon intensity of district heat delivery and supports Finland’s national bioenergy ambitions.

6. Enviva LLC | Private (post-restructuring) | Bethesda, Maryland, USA

Enviva LLC is the world's largest producer of industrial wood pellets, operating ten production facilities across the U.S. Southeast with a combined annual pellet production capacity exceeding 6 million metric tons. Its wood pellets — produced from sustainably sourced wood residues, forest thinnings, and low-value roundwood certified under the Sustainable Forestry Initiative (SFI) and Forest Stewardship Council (FSC) frameworks — are primarily exported to utility-scale biomass power customers in the United Kingdom, European Union, Japan, and South Korea. Enviva's major customers include Drax Group (approximately 15% of Drax's fuel supply historically), as well as European power utilities converting coal plants to biomass combustion under national renewable energy mandates.

7. Green Plains Inc. | Nasdaq: GPRE | Omaha, Nebraska, USA

Green Plains Inc. is a diversified agri-energy company operating a network of ten ethanol production facilities across the U.S. Midwest, with a growing portfolio of high-value co-products including Ultra-High Protein (UHP) animal feed, renewable corn oil, and other biomass-derived value-added products.  Its ethanol production is considered a biomass-based liquid fuel under the Renewable Fuel Standard (RFS), contributing to the fulfillment of green energy goals in addition to its direct biomass energy value. Green Plains has been methodically repositioning itself from a commodity ethanol producer to a precision fermentation and protein recovery company, with UHP and renewable corn oil offering higher-margin income streams to its core ethanol and bioenergy business.

8. Abengoa S.A. | Private (restructuring) | Seville, Spain

Abengoa S.A. was historically one of Spain's largest renewable energy companies, operating biomass-to-power plants, cellulosic ethanol facilities, concentrated solar power projects, and bioenergy cogeneration systems across Europe, the Americas, Africa, and the Middle East. Its biomass energy portfolio included DOE-funded cellulosic ethanol and biomass cogeneration facilities in the United States — including the landmark Hugoton, Kansas biorefinery capable of converting 325,000 dry tons of agricultural residues into 25 million gallons of cellulosic ethanol annually alongside biomass-generated electricity — and biomass CHP plants across Spain and Latin America.

9. Biomass Energy (US) | Private | United States

Biomass Energy represents the broader category of U.S.-based biomass power producers operating community-scale, utility-scale, and industrial biomass facilities across the United States, encompassing operators that generate electricity and heat from agricultural residues, forest residues, municipal solid waste, and dedicated energy crops. This segment of the U.S. biomass power market includes rural-focused operators that serve both renewable energy mandates and rural economic development objectives — as biomass energy projects create local employment in feedstock harvesting, transportation, and plant operations, with the sector generating

Section 4 — M&A Activity Tracker

The global biomass power sector has seen significant strategic activity from 2023 through 2025, with transactions focused on supply chain restructuring, CHP plant fuel conversions, renewable energy portfolio expansion, and the landmark resolution of Enviva's Chapter 11 restructuring.

Key Trend: MRFR's analysis identifies three dominant strategic themes reshaping the biomass power competitive landscape through 2026: (1) government-contracted revenue certainty — exemplified by Drax's CfD signing — as the essential prerequisite for large-scale biomass and BECCS capital investment; (2) CHP plant fuel conversion from coal and gas to biomass as the primary near-term capacity expansion pathway for European district heating operators; and (3) financial restructuring and supply chain stabilization, with Enviva's Chapter 11 emergence removing the largest near-term risk to global biomass pellet supply security.

Section 5 — R&D Investment & Innovation Signals

Global biomass power companies have directed R&D investment in 2025–2026 toward bioenergy with carbon capture and storage (BECCS), advanced gasification, AI-driven plant optimization, and novel feedstock processing technologies that expand the range of eligible biomass inputs.

• Drax Group announced in August 2025 a partnership with a leading technology firm to develop advanced carbon capture and storage solutions at Drax Power Station, targeting BECCS deployment that would make Drax the world's largest negative-emissions power station — capable of removing approximately 8 million tonnes of CO2 per year from the atmosphere while generating reliable, dispatchable renewable electricity.
• Ørsted launched an initiative in July 2025 integrating artificial intelligence into its biomass CHP operations, applying AI-driven optimization to energy production scheduling, feedstock quality prediction, and maintenance planning to improve operational efficiency and reduce unplanned downtime across its Danish bioenergy plant portfolio.
• Vattenfall has invested in advanced district heating system optimization, integrating biomass CHP plant output with heat pump systems and thermal storage to create flexible biomass-heat hybrid systems that maximize both economic return from biomass combustion and system-level carbon efficiency across its Nordic heat networks.
• Fortum commissioned Valmet in December 2025 to deliver a boiler fuel conversion for its Zabrze CHP plant in Poland, converting the plant to biomass combustion using Valmet's advanced biomass boiler technology — demonstrating Fortum's commitment to decarbonizing its Central European district heating portfolio while maintaining baseload heat and power supply reliability.
• Green Plains Inc. has accelerated investment in its Ultra-High Protein (UHP) precision fermentation technology, developed in partnership with technology provider Fluid Quip Technologies, which extracts high-value protein from corn during the ethanol fermentation process — transforming corn residues into a premium biomass-derived food and feed ingredient while improving overall biorefinery economics.
• RWE has invested in fuel flexibility upgrades at its Amer biomass plant in the Netherlands, enabling the facility to combust a wider range of biomass feedstocks — including agricultural residues and waste wood — alongside its core wood pellet fuel, improving supply chain resilience and reducing exposure to wood pellet price volatility from a single feedstock source.
• Enviva, following its December 2024 emergence from Chapter 11 bankruptcy, has focused capital investment on ramping production at its modern Epes, Alabama facility — which incorporates advanced wood processing, drying, and pelletization technology designed to reduce per-unit production costs — and on restoring operational performance across its existing U.S. Southeast plant network.
• The American Biogas Energy Association (ABEA) has actively advocated in 2024–2025 for expanded EPA Renewable Fuel Standard pathway approvals — including the Garamendi-King bill requiring EPA to process RFS pathway petitions — and for timber production expansion to broaden feedstock eligibility and accelerate development of next-generation biomass power and biogas projects across the United States.

Industry Signal: MRFR's analysis identifies BECCS — bioenergy with carbon capture and storage — as the transformational technology that will redefine biomass power's value proposition through the 2030s. Operators who secure CfD or long-term PPA revenue certainty before 2027, invest in BECCS-readiness at existing biomass plant sites, and develop carbon removal credit revenue streams alongside electricity generation will occupy an entirely new market position beyond conventional renewable energy, capturing value from carbon markets at a scale not available to any other renewable energy technology.