Reactive Technologies secures £10.9m Series C investment led by BGF to expand internationally
The grid technology company raised £10.9m from BGF, Breakthrough Energy Ventures, and Eaton to fund global expansion.
Reactive Technologies provides grid stability measurement technology to help operators manage power systems and integrate renewable energy. The company operates in the UK and Finland.
Reactive Technologies has secured £10.9m in a Series C funding round led by BGF. Additional backing came from Breakthrough Energy Ventures and Eaton.
The company will use the proceeds to fund international expansion and export its grid stability technology to markets experiencing rapid renewable energy growth.
The investment coincides with the deployment of the company's first commercial GridMetrix service contract with National Grid.
From the founder
"This fundraise is a fantastic endorsement of our business, our team, and the technological solutions we provide. Our new financial and strategic partners will help drive a step change in the delivery of our services to system operators globally, accelerating our ability to enable power grids around the world to rapidly decarbonise and meet their net zero objectives. With COP26 on the horizon as we approach tipping point in the energy transition, we are proud to be an example of how British and Finnish innovation can help overcome the hurdles to decarbonisation and support the global fight against climate change."
Marc Borrett
CEO at Reactive Technologies
Investor perspective
"In what is a critical year for the energy transition with COP26 conference and the Government’s emphasis on the green recovery taking centre stage, we’re delighted to be supporting an innovative clean tech business and management team that is already playing a central role in the decarbonisation of the UK. A transformation of the energy sector is essential for the future of our economy and Reactive’s digital-led solutions place it at the heart of that shift both within the UK and globally."
Rahul Satsangi
Investor, BGF
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Reactive Technologies
Grid resilience technology company helping operators ensure reliable renewable power systems.