Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Flexitricity acquired by global investment specialist Quinbrook

© Greg Macvean PhotographyAlastair Martin, founder of Flexitricity
Alastair Martin, founder of Flexitricity

Flexitricity Limited, Britain’s first, most diverse and most innovative demand response company, has been acquired by Quinbrook Infrastructure Partners from Swiss multinational Alpiq AG.

Quinbrook develops and operates lower carbon and renewable energy infrastructure in the US, UK and Australia.  Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990’s, representing a total enterprise value of U.S.$28.7 billion or 19.5GW of power supply capacity.

Flexitricity is the pioneer of customer-side flexibility in the GB electricity market, with over 12 years of operational experience and 540MW of flexible capacity under management from its 24-hour control room in Edinburgh.  Founded in 2004 and commercialised in 2008, Flexitricity was the first open-market demand response aggregator in Britain, the first company of its type to enter the GB Capacity Market, and the first electricity supplier to bring business energy customers into the Balancing Mechanism.

Rory Quinlan, Co-Founder and Managing Partner of Quinbrook said “Flexitricity is a perfect fit to help us pursue our ambitious growth plans for the UK energy market. The team has demonstrated innovative capability and will be a force in shaping the market landscape from here with Quinbrook’s backing. We see great scope to expand their business model into a full menu of both asset based and technology enabled solutions for leading UK energy consumers. Quinbrook’s existing investments in battery storage, Virtual Power Plants and Community Energy Networks in Australia and the US, will offer valuable opportunities for cross border co-operation and knowledge sharing that will deliver real competitive advantage.”

Alastair Martin, founder of Flexitricity, said “this marks the start of a hugely exciting new phase of growth and development for Flexitricity. Everyone in the company is delighted to be joining the Quinbrook family at this moment of transition in the GB energy scene.  The UK’s net zero carbon legal obligation, combined with National Grid ESO’s projections for transformation across electricity, heat and transport, put Flexitricity’s capabilities and technology at the centre of a clean, secure, affordable and equitable energy system.

“The last few years have been our most successful to date and we’ve seen dramatic growth in our industry. We now manage a virtual power plant of 540MW of fully flexible assets and as part of the Quinbrook portfolio we are confident we will break the 1GW threshold over the next couple of years. This investment by Quinbrook underlines the huge potential in the flexibility industry and its central role in helping the UK achieve net zero.”

Simon Heyes, CEO of Flexitricity, said “Flexitricity will continue to operate as an independent portfolio company, managed by Quinbrook. They are committed to supporting the full potential of Flexitricity’s existing customer base and providing the capital to grow a substantial portfolio of behind the meter assets that cover the full spectrum of a holistic service offering that has few equals in the GB market.”

 

Recommended for you

More from Energy Voice

Latest Posts