Reactive Technologies, a leader in grid stability measurement, has closed a £25 million funding round led by M&G Catalyst, along with BGF and Breakthrough Energy Ventures. This latest funding will help the UK and Finland-based business support international expansion, key hiring, and ongoing project developments. As global renewable energy deployment increases, grid stability emerges as a critical challenge, one which Reactive Technologies addresses with its pioneering GridMetrix technology. The company enables grid operators to monitor power system stability in real time, aiding in the reduction of renewable curtailment, prevention of blackouts, and optimization of spending on balancing services. This new funding follows BGF’s initial investment from 2021 that supported Reactive’s earlier global initiatives. With a recent accolade at COP28 for its pioneering work with the UK’s National Grid ESO, Reactive Technologies aims to utilize the new investment for continued innovation and international commercial growth.
Renewable Energy, Technology, Private Equity,United Kingdom, Finland, Global