UK's Drax boosts battery energy storage with Flexitricity acquisition
21/01/2026 07:34
Jan 21 (Reuters) - Drax Group DRX.L said on Wednesday it would buy Flexitricity, a Edinburgh-based optimiser of flexible energy assets, for 36 million pounds ($48.36 million) as the British power firm seeks to expand its battery energy storage business. Flexitricity serves over 900 megawatts of operational assets, primarily battery energy storage systems, gas peakers, renewables and demand-side response, and will support Drax's plans to develop a gigawatt-scale pipeline of battery energy storage opportunities. ($1 = 0.7444 pounds) (Reporting by Yadarisa Shabong in Bengaluru) ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150; ))