UK-based renewable energy company Drax has agreed to acquire Flexitricity, an optimiser of flexible energy assets, from Quinbrook for £36m ($48.2m). The acquisition is expected to be finalised in the first quarter of 2026, pending regulatory approvals, and is projected to yield returns significantly above Drax's weighted average cost of capital. Established in 2004, Flexitricity offers services focused on optimising flexible energy assets and facilitating market access. Utilising its proprietary control ...