Drax has completed the purchase of Flexitricity Limited, a UK optimiser of flexible energy assets, from Quinbrook.

Established in 2004, Flexitricity provides optimisation and route-to-market services through its proprietary controls platform, enabling asset owners to participate in wholesale, balancing and ancillary services markets. It offers front-of- and behind-the-meter solutions for grid-scale assets and delivers demand response across more than 900MW of operational capacity, primarily battery energy storage systems (BESS), gas peakers, renewables and demand-side response.

Flexitricity's scalable technology is expected to support Drax's plans to develop a gigawatt-scale pipeline of BESS, combining physical assets with third-party optimisation and services such as route-to-market, floor and tolling structures. Via Drax Energy Solutions, the Group already provides route-to-market services to around 2,000 embedded third-party renewable assets with a combined capacity of about 800MW.

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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.

"We will continue to explore options to invest in flexible and renewable energy, creating value for stakeholders and attractive returns for shareholders in line with our capital allocation policy."