{"id":14264,"date":"2026-01-21T08:55:07","date_gmt":"2026-01-21T08:55:07","guid":{"rendered":"https:\/\/microvibenews.com\/?p=14264"},"modified":"2026-01-21T08:55:07","modified_gmt":"2026-01-21T08:55:07","slug":"drax-acquiring-edinburgh-firm-flexitricity-for-36m-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=14264","title":{"rendered":"Drax acquiring Edinburgh firm Flexitricity for \u00a336m \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room.png\" alt=\"Flexitricity control room\" class=\"wp-image-91975 lazyload\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"1202\" height=\"840\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room.png\" alt=\"Flexitricity control room\" class=\"wp-image-91975 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room.png 1202w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room-600x419.png 600w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room-300x210.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room-1024x716.png 1024w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/05\/Flexitricity-control-room-768x537.png 768w\" sizes=\"(max-width: 1202px) 100vw, 1202px\"\/><figcaption class=\"wp-element-caption\"><em>Flexitricity is getting a new owner<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Drax Group is acquiring Edinburgh-based Flexitricity, which provides reserve electricity to the National Grid, from Quinbrook in a \u00a336 million deal.<\/p>\n<p class=\"has-medium-font-size\">Founded in 2004, Flexitricity employs about 85 staff who will transfer to Drax. <\/p>\n<p class=\"has-medium-font-size\">In 2020 it was sold by Swiss firm Alpiq Digital to Reserve Power Holdings (Jersey), a division of Quinbrook in a deal believed to be worth \u00a315.4m.<\/p>\n<p class=\"has-medium-font-size\">Drax said the deal will support its plans to expand its flexible generation and battery storage portfolio.<\/p>\n<p class=\"has-medium-font-size\">Group CEO, Will Gardiner, said: \u201cWe are ambitious about growing and developing our FlexGen business and Flexitricity\u2019s technology and team are a strong strategic fit for us.<\/p>\n<p class=\"has-medium-font-size\">\u201cAdding Flexitricity\u2019s expertise and capability which uses AI and advanced machine learning software, delivered via their proprietary platform, supports our options for growth.<\/p>\n<p class=\"has-medium-font-size\">The deal is expected to complete in the first quarter.<\/p>\n<p>\u2026 more follows<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Drax #acquiring #Edinburgh #firm #Flexitricity #36m #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flexitricity is getting a new &hellip; <\/p>\n","protected":false},"author":1,"featured_media":14265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[9786,7224,266,265,9784,8848,1182,9785],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/14264"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14264"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/14264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/14265"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}