Cornwall Insight has advised Drax on its proposed acquisition of Flexitricity from Quinbrook, marking a significant step in the company’s continued expansion into Great Britain’s growing flexibility market.
Following completion, the deal will bring one of Britain’s longest-established flexibility operators into Drax’s portfolio, strengthening its plans to develop a gigawatt-scale pipeline of battery energy storage projects, alongside its expanding route-to-market services for embedded third-party renewable assets seeking sophisticated route‑to‑market services.
As part of the transaction, Cornwall Insight provided commercial due diligence, assessing revenue potential across the flexibility landscape and how market dynamics are evolving as businesses look for partners that can optimise assets at scale.
Flexitricity’s platform, which provides optimisation and route-to-market services to owners of flexible energy assets, will sit alongside Drax’s existing route‑to‑market services, which already support around 2,000 embedded third-party renewable assets, and will help the company respond quickly as demand for fast, reliable power grows.
Tom Andrews, Senior Consultant at Cornwall Insight said:
“Flexitricity was a pioneer in Great Britain’s flexibility story and has grown to become one of the standout platforms helping to accelerate the renewables transition. Its proposed acquisition by Drax is a significant moment for the market, strengthening their ability to optimise both their own projects and those owned by others.
“What stands out is how quickly this space is growing. Flexibility is moving from an add-on to a core service. As the market grows and competition intensifies, investors and operators are placing far greater emphasis on flexibility and optimisation strategies for the market as it is, and what it is forecast to become. This deal shows Drax preparing for a future where making assets smarter matters just as much as building new ones.”
