£3bn energy giant Drax makes £36m swoop for Edinburgh firm

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 … Continue reading £3bn energy giant Drax makes £36m swoop for Edinburgh firm