Reactive Technologies, a London, UK and Oulu, Finland-based leader in grid stability measurements, closed a £25m Series D funding round.
The round was led by M&G’s Catalyst investment, alongside UK and Ireland growth capital investor BGF and Breakthrough Energy Ventures.
The company intends to use the funds for global expansion initiatives and key hiring endeavors, advancing the realization of contracted projects worldwide.
Led by CEO Marc Borrett, Reactive Technologies is a grid resilience technology company helping grid operators, electric utilities, and regulators transition to Net Zero and ensure resilient, renewable grids. Its products, including the GridMetrix® technology, bring transparency to grid operations by measuring grid inertia and other functions with 95% accuracy. The company has worked with some of the most advanced electric utilities in the world and consistently delivers accurate grid data that informs better planning, full utilization of electricity supplies, and cost savings while enabling an accelerated transition to clean energy.
FinSMEs
21/05/2024