The American investment company Citadel is to acquire Hamburg-based CFP FlexPower GmbH. An agreement to this effect has already been reached, according to the electricity trading company. FlexPower expects the acquisition to herald »a new era of growth«. The transaction combines Citadel’s experience in risk management and its technological and analytical strengths with FlexPower’s expertise in electricity trading. This will enable FlexPower to offer its own range of electricity trading services to an even larger customer base on both the producer and consumer sides in the future.
FlexPower was founded in 2022 and specialises in trading and risk management solutions (direct marketing) for renewable energy plant operators (»Upgrid«), flexibility providers such as battery storage (»Flexgrid«) and industrial and commercial consumers (»Downgrid«). According to its own information, the company currently manages a portfolio of more than 1,700 megawatts in six European countries and trades over 11 terawatt hours annually on the short-term electricity markets.
Citadel has been active in global energy markets for over 20 years. The acquisition is part of its recent expansion into new markets, which includes the acquisition of Japanese electricity trader Energy Grid in 2024 and the expansion of trading activities in Australia in 2025.
»This acquisition is a key milestone for FlexPower,« says Max Amir Dieringer, CEO of FlexPower. »At FlexPower, we believe renewable trading should be as efficient and scalable as any other commodity market.«
The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. FlexPower will retain its brand and will operate under the name »FlexPower (a Citadel company)« in future. Details of the terms of the deal have not been disclosed.
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