Quinbrook Sells Flexitricity to Drax

Drax inks £42m deal to acquire Flexitricity

Acquisition set to bolster energy giant's position in the fast-growing energy storage and flexible grid sectors

Drax to acquire Flexitricity from Quinbrook for $48m

Drax has agreed to acquire Flexitricity, an optimiser of flexible energy assets, from Quinbrook for £36m ($48.2m).

Drax acquires asset optimisation platform

North Yorkshire-based Drax has signed an agreement to acquire Flexitricity, a UK-based optimiser of flexible energy assets, from Quinbrook. The transaction values Flexitricity at £36m and completion is expected in the first quarter 2026.

Drax to acquire Flexitricity

Drax is pleased to announce that it has signed an agreement to acquire Flexitricity Limited, a UK-based optimiser of flexible energy assets, from Quinbrook. The transaction values Flexitricity at £36 million, which is subject to customary closing adjustments. Completion is expected in Q1 2026 and is conditional on completion of regulatory approvals and processes. The transaction is expected to support returns significantly in excess of Drax’s WA…

£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 in 2004, helps owners of flexible energy assets optimise a…

Drax Expands FlexGen Platform With Flexitricity Acquisition

Drax Group plc (LON:DRX) has announced that it has signed an agreement to acquire Flexitricity Limited, a UK-based optimiser of flexible energy assets, from Quinbrook(1). The transaction values Flexitricity at £36 million, which is subject to customary closing adjustments. Completion is expected in Q1 2026 and is conditional on completion of regulatory approvals and processes(2). The transaction is expected to support returns significantly in ex…