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Accenture Invests In Reactive Technologies
DUBLIN (dpa-AFX) - Accenture (ACN) announced the company has made a strategic investment, through Accenture Ventures, and formed a strategic alliance with Reactive Technologies, a London-based provider of power and grid technology. The company noted Reactive Technologies is the latest addition to the investment portfolio of Accenture Ventures, which is focused on investing in companies that create or apply disruptive enterprise technologies.
Reactive is now part of Accenture Ventures Project Spotlight. Through the program,
Reactive Technologies will co-innovate with Accenture and its clients at its
Innovation Hubs, Labs and Liquid Studios to bring solutions to market more quickly.
(Credit: Pixabay)
Accenture has made a strategic investment, through Accenture Ventures, and formed an alliance with Reactive Technologies, a London-based provider of power and grid technology, to help utilities accelerate the transition to low-carbon energy.
According to a
new report
from the International Energy Agency, renewable energy will become the largest source of electricity generation worldwide in 2025, and data and digital technology will be key enablers for this shift. To effectively
integrate the surge in renewables, power grids will need more visibility over network conditions to accurately balance the grid and manage inertia, or system strength. Reactive Technologies offers measurement, real-time analytics and data services that can help grid operators and other energy market players address these challenges.
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