Dealflow | May 28, 2024

Reactive Technologies raises £25 million to expand its stability service

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

London-based Reactive Technologies helps network operators and energy storage developers reduce power curtailment and prevent blackouts. Such monitoring could make it easier to integrate renewable energy supplies into the grid, which is currently a bottleneck in the transition to net zero.

Reactive has a six-year agreement with National Grid ESO, the largest electric utility in the UK, to mitigate close to 20 million tons of CO2 per year, or about 5.5% of the UK’s annual carbon footprint. Globally, Reactive says its technology could mitigate 1.4 billion tons of CO2 annually. 

Clean tech

The $31.4 million Series D round, backed by M&G Investments’ Catalyst strategy alongside Breakthrough Energy Ventures and growth investor BGF, will help Reactive expand its commercial service in Europe, Asia and the Middle East.

In the US, the company has a large demonstration project with the New York State Energy Research and Development Authority, or NYSERDA.