Drax acquires Flexitricity to enhance AI-driven battery energy storage system (BESS) operations

UK energy company Drax completed the acquisition of Flexitricity, a 20-year-old AI-based optimizer specializing in flexible energy assets. Flexitricity provides optimization and route-to-market services for over 900 MW of operational assets, primarily battery energy storage systems (BESS), gas peakers, renewables, and demand-side response. The deal enables Drax to integrate AI-driven trading capabilities for its growing BESS portfolio, which includes a 15-year tolling agreement with Zenobe signed earlier in 2026. Drax operates a 24/7 power trading desk in Yorkshire, England, and has decades of experience in Great Britain’s electricity market. The acquisition supports Drax’s plans to develop a gigawatt-scale pipeline of BESS opportunities, including physical assets and third-party project optimization through route-to-market structures.

Counterparts (2)

Seller

Flexitricity

company

Flexitricity is a demand response aggregator, connecting businesses with the electricity grid to provide flexibility services. They work with businesses to optimise energy usage and generate revenue by making their assets available to National Grid.

Buyer

Drax

company

Drax Group is a UK-based renewable energy company operating approximately 3 GW of biomass, hydro, and pumped hydro generation assets, primarily in the UK. It focuses on sustainable biomass production in North America and developing Bioenergy with Carbon Capture and Storage (BECCS) technology.