Quinbrook Sells Flexitricity to Drax

By Global Infrastructure Sherpa · Jan 21, 2026

Acquisition Other announced London, United Kingdom

USD42M

Deal Value

1300 MW

Capacity

operating

Stage

Flexitricity

Project

Quinbrook, a specialist investment manager, has sold its Flexitricity energy optimization business to Drax Smart Generation HoldCo Limited, a subsidiary of Drax Group plc. The sale price is approximately £42 million, representing an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million. Flexitricity is a next-generation flexible energy platform that uses data science-powered optimization tools and real-time trading to manage a portfolio of customer assets located across the UK.

Deal Analysis

Quinbrook's sale of Flexitricity to Drax Smart Generation HoldCo for £42 million represents a strategic acquisition for Drax, bolstering its position in the rapidly evolving flexible energy market. Flexitricity's data science-powered optimization tools and real-time trading capabilities, managing a 1300 MW portfolio of customer assets across the UK, provide Drax with a valuable platform to enhance its energy management and trading capabilities. The deal allows Quinbrook to realize value from its investment in Flexitricity, while Drax gains a significant foothold in the distributed energy resource aggregation space. The acquisition aligns with Drax's broader strategy of transitioning to a low-carbon future and expanding its renewable energy portfolio. By integrating Flexitricity's platform, Drax can optimize its existing biomass power generation and explore opportunities in carbon capture, further solidifying its commitment to sustainable energy solutions. The involvement of advisors like Jefferies and legal counsel from DLA Piper underscores the significance of the transaction and the due diligence involved in such a strategic acquisition.

Drax acquires a 1300 MW flexible energy platform with advanced data science capabilities.
The £42 million acquisition price reflects the value of Flexitricity's technology and market position.
The deal supports Drax's transition to a low-carbon energy provider.
Quinbrook realizes value from its investment in a growing sector.

Market Context: The deal occurs within the context of the United Kingdom's evolving energy market, which is increasingly focused on integrating renewable energy sources and managing grid stability through flexible energy solutions. The demand for distributed energy resource aggregation and optimization is growing, driven by the increasing penetration of intermittent renewable energy sources and the need for grid flexibility.