Drax has completed the acquisition of Flexitricity, the UK-based optimiser of flexible energy assets.

Providing both front-of and behind-the-meter solutions for grid scale assets as well as demand response services to over 900MW of operational assets, primarily battery energy storage systems (BESS), gas peakers, renewables and demand-side response, Flexitricity provides optimisation and route-to-market services to owners of flexible energy assets.

Flexitricity’s platform is expected to support Drax’s plans to develop a gigawatt-scale pipeline of BESS opportunities comprised of physical assets and the capability to optimise third-party assets with the provision of route to market, floor and tolling structures. Drax already provides a route to market for around 2,000 embedded third-party renewable assets with capacity of 800MW via its Drax Energy Solutions business.

Drax Group chief commercial officer, Paul Sheffield, said: “The completion of the acquisition provides Drax with AI-enabled optimisation capabilities that will enhance how we manage and monetise flexible generation and storage assets. As we continue to develop our gigawatt-scale pipeline of BESS opportunities, alongside our other flexible generation assets, we can enhance our system support, further strengthen security of supply and deliver 24/7 renewable power to our customers.”

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