Drax to Acquire Flexitricity for £36M to Enhance Battery Storage Strategy
Drax is set to acquire Edinburgh-based Flexitricity for £36 million, integrating its 85 employees to bolster Drax's FlexGen business and enhance its battery storage strategy. Flexitricity, known for its energy asset optimization and AI technologies, will support Drax's plans for a gigawatt-scale Battery Energy Storage System. Additionally, Drax aims to transform part of its North Yorkshire power plant into a datacentre by 2027, with a planning application for a 100-megawatt facility already submitted.
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Drax is acquiring Edinburgh-based Flexitricity for £36 million, adding its 85 employees to enhance Drax's FlexGen business. Flexitricity specializes in energy asset optimization and AI technologies. The acquisition supports Drax's plans for a gigawatt scale Battery Energy Storage System (BESS) portfolio. Drax aims to convert part of its North Yorkshire power plant into a datacentre by 2027, with a planning application for a 100-megawatt facility submitted to North Yorkshire Council.
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