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acquisitionAnnounced · Jan 21, 2026EnergySource · CredibleArticle · Factual
Flexitricity
Drax Group
Flexitricity · Drax Group

Drax Group acquires Flexitricity

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
£36M
Target
Flexitricity
Flexitricity
Edinburgh, Midlothian
Acquirer
Drax Group
Drax Group
Full Acquisition
Status
Pending

Drax Group agreed to acquire Flexitricity. Reported deal value: £36M. Status: Pending. Sector: Energy. Target headquarters context: Edinburgh, Midlothian, United Kingdom.

This page summarizes publicly available information about the transaction as of 2026-01-21. Figures and status may change as filings and press coverage update.

Credit: iStock Acquisition set to bolster energy giant position in the fast-growing energy storage and flexible grid sectors Energy giant Drax has inked a deal to acquire Edinburgh -based energy optimisation company Flexitricity in a £ 42m deal designed to bolster the company growing pipeline of battery energy storage system

Deal timeline

Announced
Jan 21, 2026 · businessgreen.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Energy with a reported deal value of £36M. Figures and status may change as sources update.

Sources: businessgreen.com · Primary article · FireStrike proprietary index