Drax has completed the acquisition of Flexitricity, a UK-based asset optimisation platform.
The AI-enabled company provides optimisation and route-to-market services to owners of flexible energy assets, enabling them to participate in the wholesale energy, balancing and ancillary services markets.
Based in Edinburgh, Flexitricity provides both front-of and behind-the-meter solutions for grid-scale assets as well as demand response services to over 900MW of operational assets, primarily battery energy storage systems (BESS), gas peakers, renewables and demand-side response.
The acquisition is expected to support Drax’s plans to develop a gigawatt-scale pipeline of BESS projects and optimise third-party assets with the provision of route to market, floor and tolling structures.
Drax Group Chief Commercial Officer, Paul Sheffield, said: “This is an exciting moment for both Drax and Flexitricity as we bring two great teams together. 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.
“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.”
Copyright © 2026 Energy Live News LtdELN