LONDON | HAMBURG, October 13, 2025 – Citadel, a leading global investment firm, has entered into a definitive agreement to acquire 100% of Hamburg-based power trading firm FlexPower.
Since 2022, FlexPower has operated as a joint venture with CFP Energy, which held a 50% stake and played a key role in the company’s growth and development.
Founded in 2022, FlexPower specialises in trading and risk management solutions for renewable generators (“Upgrid”), flexibility providers such as battery operators (“Flexgrid”), and commercial and industrial offtakers (“Downgrid”). With Germany’s power market experiencing a rapid increase in renewable energy in recent years, FlexPower has leveraged its expertise to help businesses navigate electricity price volatility. The company trades a portfolio of more than 1,700 megawatts across six European countries, amounting to over 11 terawatt-hours placed annually on short-term power markets.
“This acquisition is a key milestone for FlexPower,” said Max Amir Dieringer, CEO of FlexPower. “At FlexPower, we believe renewable trading should be as efficient and scalable as any other commodity market. Our proprietary PPA platform, PowerMatch, is designed to make this a reality and reduce risks for both generators and offtakers. With Citadel’s unmatched talent, infrastructure, and financial strength, we can achieve this vision and establish ourselves as Europe’s premier renewable trading house.”
“Over the past few years, FlexPower has achieved remarkable growth and development— from its inception to becoming a leading player in Germany’s renewable power trading,” said Jonathan Navon, CEO of CFP Energy. “We are proud to have been part of that journey. With Citadel’s acquisition, FlexPower is exceptionally well-placed to excel in the next stage of its growth and play a defining role in Europe’s energy transition.”
The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. FlexPower will retain its brand and do business as “FlexPower (a Citadel company).” Deal terms were not disclosed.
About CFP Energy
CFP Energy provides UK and European organisations with specialised environmental commodity, energy transition and decarbonisation services.
We offer bespoke financial and physical solutions, tailored to meet customers’ requirements and manage price risk across a range of products including carbon
compliance (UK ETS & EU ETS), biofuels, energy market access (gas & power), renewable energy certificates, voluntary carbon credits and PPAs.
With nearly 20 years’ experience and an award-winning trading desk, CFP Energy is a proven and trusted leader across carbon, energy and environmental markets.
For more information, visit www.cfp.energy
Media Contacts
CFP Energy
James Forrest | Head of Marketing & Communications
j.forrest@cfp.energy
FlexPower
Jasmina Utzat Jutzat@flex-power.energy
%20(1).png?width=960&name=image%20(53)%20(1).png)
