Reactive Technologies Secures $31.4m For Global Expansion, Led By M&g

By Author: Orson Amiri
Total Articles: 397
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Reactive Technologies, a UK and Finland-based leader in grid stability measurements, has completed a Series D funding round, securing £25 million (US$31.4 million). Led by M&G’s Catalyst investment, alongside BGF and Breakthrough Energy Ventures, this funding will support global expansion and key hires, advancing the company’s projects worldwide. EKTA Partners acted as the exclusive financial advisor. Reactive's GridMetrix® technology helps grid operators monitor stability in real-time, reducing renewable curtailment, preventing blackouts, and optimizing balancing services.

This investment will accelerate Reactive's mission to support the global energy transition with real-time data, aiming for a net-zero future. The company’s CEO, Marc Borrett, emphasized the importance of M&G’s backing in expanding Reactive's commercial presence and innovation. GridMetrix® is already saving significant CO2 emissions in the UK and has global potential. Reactive's entry into the US market and upcoming projects in various regions highlight its growth and commitment to decarbonization. Catalyst’s investment aligns with their strategy to drive environmental progress, supporting Reactive in transforming grid operations worldwide.

Read More - https://www.techdogs.com/tech-news/business-wire/reactive-technologies-raises-25m-us314m-to-support-global-expansion-in-funding-round-led-by-mg-bgf-and-breakthrough-energy-ventures