Ingenious backs smart energy future with investment into Reactive Technologies
Published: 9 October 2018 - Sarah Mead
Ingenious Infrastructure today announced it has successfully closed an investment into Reactive Technologies in support of the company’s most ambitious phase of growth to date.
Ingenious’ investment in Reactive Technologies is in line with its ongoing drive to seek out high-growth investment opportunities in the energy, communications, transportation and resource efficiency industries for the recently launched Infrastructure Ventures EIS Service. To date, Ingenious Infrastructure has deployed over £700m in energy infrastructure projects across the UK, Republic of Ireland and Australia.
Reactive Technologies is an energy company facilitating the transition to a low carbon future, through the implementation of world-leading technology solutions to address the energy industry's greatest challenges. Reactive Technologies offers unique measurement and analytics services for grid operators, an energy optimisation platform for corporates and an Enhanced Power Purchase Agreement for renewable generators.
As a result of this investment, Reactive Technologies will be scaling up their activities to deliver services to new customers worldwide. Reactive Technologies’ innovative services enable corporates, renewable generators and grid operators to actively mitigate rising energy costs, optimise their renewable assets in a non-subsidy environment and gain unprecedented real-time grid visibility allowing for faster and more cost-effective decision making.
Commenting on the investment, Guy Ranawake, Investment Director at Ingenious said: “Reactive Technologies have developed and commercialised a number of compelling solutions for the evolving energy sector and have built a strong intellectual property portfolio. As an active investor, developer and manager of a wide range of energy infrastructure assets, Ingenious is delighted to be supporting world-leading innovation in the sector. We look forward to working closely with Reactive to implement the necessary solutions required as we transition towards a lower carbon energy future.”
Marc Borrett, CEO of Reactive Technologies said: “We are delighted that Ingenious has come onboard as the newest member of our investment team. Ingenious has an impressive portfolio of synergistic investments across a number of key geographies and we are excited to work with them on our most expansive growth phase yet. The investment from Ingenious represents a significant financial step forward for Reactive in our ongoing funding journey and underscores the commercial potential for our services worldwide.”