Published: January 21, 2026 at 8:36 am
Drax has agreed to acquire Flexitricity, an Edinburgh-based optimiser of flexible energy assets, from energy transition investor Quinbrook in a deal valuing the business at £36 million.
The FTSE-listed group, which produces sustainable biomass, said the acquisition is expected to complete in Q1 2026, but will remain conditional on regulatory approvals and processes.
Flexitricity, founded in 2004, helps owners of flexible energy assets optimise and sell their power into wholesale, balancing and ancillary markets.