In the latest development in a major Series C funding round that saw Ingenious join existing investors Octopus and RES in October, Equinor, a Norwegian broader energy company, through its venture arm, has joined Reactive Technologies’ board as a strategic investor. The 8-digit Series C raised supports Reactive’s exciting growth ambitions.
Reactive Technologies is an energy tech company facilitating the transition to a low carbon future through the implementation of highly innovative solutions to address the energy industry’s greatest challenges. Reactive Technologies offers unique measurement and analytics services for grid operators and technology-led Power Purchase Agreements for renewable generators.
“We are delighted that Equinor has joined us as a strategic investor. Their investment demonstrates a further validation of our business model and growth potential. The additional funds enable us to expand our team of energy and communications engineering experts and to significantly scale up our power purchase optimisation and grid measurement & analytics services to reach renewable generators and system operators globally.” Marc Borrett, CEO and Co-Founder at Reactive Technologies.
“Equinor has decided to be part of Reactive’s ambitious journey because of the uniqueness and scalability of its offering and the complementarity it brings to our renewable portfolio. Reactive has developed a unique technology to monitor the power grid using real time analytics which combined with the power trading team creates the potential to accelerate the energy transition,” says Gareth Burns, Vice President in Equinor and Managing Director at Equinor Energy Ventures.
This additional funding will allow Reactive Technologies to speed up international growth and to continue to develop and deploy its growing range of highly innovative services.Contact us
Reactive Technologies. Reactive Technologies is a highly innovative UK and Finland based clean tech company accelerating the transition to a low carbon future by creating and implementing cutting-edge telecommunications breakthroughs to address the energy industry’s greatest challenges. Reactive has been awarded a number of accolades including being named in the 2018 Cleantech Group ‘Ones to Watch’ list which features exciting up-and-coming companies globally. To find out more, please visit www.reactive-technologies.com
Equinor Energy Ventures. Equinor’s USD 200MN venture capital fund was launched in February 2016. With a team in both Europe and North America, the fund is dedicated to investing up to USD 20MN in innovative growth companies in renewable and low carbon energy technologies, supporting Equinor’s strategy of growth in new energy solutions.
To Reactive Technologies:
- Financial advisors: Deloitte’s Energy Advisory Team (led by Daniel Grosvenor)
- Legal: CMS Cameron McKenna Nabarro Olswang LLP (led by Helen Machin)
To Equinor Energy Ventures:
- Financial and tax due diligence: Deloitte Norway (led by Nikolai Maldan)
- Legal due diligence and negotiation: Hogan Lovells (led by Richard Diffenthal (corporate) and Alex Harrison (energy))