According to the company’s announcement, Drax anticipates that Flexitricity’s platform will help the company to develop a gigawatt-scale pipeline of battery energy storage system (BESS) infrastructure.
April 2, 2026
Drax, an international renewable energy company, has announced its acquisition of UK flexibility energy assets optimiser Flexitricity.
Flexitricity provides flexible energy asset owners with route to market (RTM) and optimisation services through its AI-enabled proprietary controls platform. This allows owners to benefit from wholesale energy, balancing, and ancillary services markets.
According to the company’s announcement, Drax anticipates that Flexitricity’s platform will help the company to develop a gigawatt-scale pipeline of battery energy storage system (BESS) infrastructure. The pipeline will include both physical assets and the ability to optimise third-party assets. 
This will be achieved through RTM, floor, and tolling structures. As it stands, the Drax Energy Solutions Business provides RTM for around 2,000 integrated third-party renewable energy assets.
Drax Group chief commercial officer, Paul Sheffield, said:
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“As we continue to develop our gigawatt-scale pipeline of BESS opportunities, alongside our other flexible generation assets, we can enhance our system support, further strengthen security of supply and deliver 24/7 renewable power to our customers.”
Flexitricity offers grid-scale assets front-of and behind-the-meter solutions, and demand response services to over 900MW operational assets. This primarily includes BESS, gas peakers, renewables, and demand-side response.
“The completion of the acquisition provides Drax with AI-enabled optimisation capabilities that will enhance how we manage and monetise flexible generation and storage assets,” Sheffield added.
The purchase of Flexitricity was initially reported in January of this year, with the announcement noting that the optimiser had been sold by Quinbrook – a global investment manager. 
At the time, UK government approval was required for the full acquisition to complete, as well as an assessment from energy regulator Ofgem.
Under Quinbrook’s tenure, Flexitricity’s renewable assets portfolio doubled from 540MW to almost 1.3GW distributed capacity. Quinbrook initially bought Flexitricity for £15.2 million (US$20 million) and has sold it for £42 million (US$55 million).
On the acquisition, Sheffield concluded that the company would continue to explore investments in flexible and renewable energy, thereby expanding the business and creating value.
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Molly Green
Senior Reporter, Informa
Molly joined the team in 2024 and has led coverage on the UK sites. Now shifting to a more global view, Molly is interested in how legislation shapes market dynamics, covering the intersection of policy design, investment patterns, and energy transition pathways. 
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