Quinbrook sells Flexitricity to Drax

Drax Group has advanced its virtual power plant capabilities in the UK with the £100 million acquisition of Flexitricity. This transaction, announced on 2026-01-21, adds 500MW of flexible electricity assets to Drax's portfolio. The move enhances UK grid stability by integrating demand-side response (DSR) aggregation directly into Drax's operational framework. This strategic purchase allows Drax to optimize the integration of intermittent renewable energy sources across the UK. Quinbrook Infrastructure Partners exits Flexitricity, realizing value from a developed high-growth energy transition asset. Drax Group, a UK-based renewable energy company with approximately 3 GW of biomass, hydro, and pumped hydro generation assets, is broadening its operational scope beyond traditional generation. This acquisition of UK-based Flexitricity directly complements Drax's existing generation portfolio, particularly in enhancing grid stability across the UK. Quinbrook Infrastructure Partners, known for its creative investing in energy transition infrastructure, successfully exits a high-growth company it developed. The £100 million sale of Flexitricity on 2026-01-21 aligns with Quinbrook's strategy to accelerate the shift to cleaner energy. The transaction demonstrates the increasing market demand for flexible electricity assets and virtual power plant solutions in the UK.