Accenture takes strategic stake in CleanTech firm Reactive

Global consulting firm Accenture has made a strategic investment in CleanTech Reactive Technologies, which provides power and grid technology to help utilities accelerate their transition to low-carbon energy.

Reactive Technologies is already backed by alternative investment firm Ingenious and offers measurement and analytics services for grid operators, an energy optimisation platform for corporates and an enhanced power purchase agreement for renewable generators.

The services enable corporates, renewable energy generators and grid operators to mitigate rising energy costs, optimise renewable assets in a non-subsidy environment and gain real-time grid visibility.

Marc Borrett, chief executive of Reactive Technologies, said: “With our GridMetrix offering critical grid parameters can be captured accurately and continuously. Working with Accenture helps us to operate on a global basis and support our offering with their full suite of technical and commercial delivery capabilities.”

Stephanie Jamison, senior managing director for Accenture’s utilities business, said: “As electricity production from wind and solar continues to grow, the share of variable renewables in the production mix is likely to present stability challenges for utilities to balance their grids.

“We believe Reactive Technologies’ innovative solutions can help improve critical decision making by moving from models to measurement.

“Coupled with Accenture’s experience in the utilities business, our Industry X business’ focus on grid-balancing expertise and our global reach, these services can accelerate the creation of the utility of the future.”

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