Acquisition History / Drax Group plc / Flexitricity Ltd
Drax Group plc Acquires Flexitricity Ltd
Announced January 21, 2026 — $48.6M
What happened
Flexitricity provides optimisation and route-to-market services to owners of flexible energy assets such as batteries and demand-side response. Power generator Drax Group agreed to buy it from investment firm Quinbrook for £36M to build out its flexible energy services.
- Acquirer
- Drax Group plc
- Target
- Flexitricity Ltd
- Announced
- January 21, 2026
- Price
- $48.6M
- Industry
- Flexible energy optimisation / route-to-market services
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Drax Group plc acquire Flexitricity Ltd?
Drax Group plc acquired Flexitricity Ltd on January 21, 2026. This was Drax Group plc's 1st publicly tracked acquisition out of 1 we have on record.
How much did Drax Group plc pay for Flexitricity Ltd?
Drax Group plc paid $48.6M for Flexitricity Ltd.
What does Flexitricity Ltd do?
Flexitricity provides optimisation and route-to-market services to owners of flexible energy assets such as batteries and demand-side response. Power generator Drax Group agreed to buy it from investment firm Quinbrook for £36M to build out its flexible energy services.
What other Flexible energy optimisation / route-to-market services companies has Drax Group plc acquired?
Flexitricity Ltd is Drax Group plc's only publicly tracked acquisition in Flexible energy optimisation / route-to-market services so far.