Reactive Technologies

May 2024
Reactive Technologies, the UK and Finland-based leader in grid stability measurements, successfully completed a Series D funding round. The £25 million funding round ($31.4 million in USD) was led by M& G’s Catalyst investment, alongside Breakthrough Energy Ventures and BGF.

As global renewable energy deployment accelerates, grid operators are grappling with challenges related to grid stability, such as diminishing inertia and system strength. Reactive Technologies addresses these challenges with its pioneering GridMetrix® technology, empowering system operators to monitor power system stability in real time. This capability enables operators to reduce renewable curtailment, prevent blackouts, and optimize spending on balancing services.

« Energy transition is a central theme to our strategy in Catalyst as we seek to invest in innovative solutions that drive environmental progress while delivering sustainable returns for investors,” said Zachary Webb, Head of EMEA Investments in Catalyst, M&G Investments. “We are proud to back Reactive Technologies, which is fast becoming a British success story. Our investment will support the company’s international expansion, potentially transforming how grid systems operate worldwide to reduce unnecessary carbon emissions.”

« The positive experience of our collaboration with Reactive Technologies has been transformative, showcasing the power of direct measurement innovation in advancing the energy transition,” said Julian Leslie, Head of Networks at National Grid ESO. “Collaboration with other power grids is paramount if we are to achieve Net Zero globally. We take pride in pioneering this Net-Zero-enabling technology with Reactive, which now offers a replicable model that can materially contribute to clean energy systems worldwide. »

The funding announcement comes on the heels of Reactive Technologies’ successful entry into the US market, with a large-scale demonstration project in New York State in collaboration with multiple utilities. With additional projects on the horizon in the US, Asia, Europe, and the Middle East, Reactive is poised for substantial commercial growth and will actively increase its workforce to support these initiatives.