{"id":399537,"date":"2020-12-15T03:02:33","date_gmt":"2020-12-15T08:02:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399537"},"modified":"2020-12-15T03:02:33","modified_gmt":"2020-12-15T08:02:33","slug":"accenture-makes-strategic-investment-in-reactive-technologies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-reactive-technologies\/","title":{"rendered":"Accenture Makes Strategic Investment in Reactive Technologies"},"content":{"rendered":"

<\/p>\n

Accenture Makes Strategic Investment in Reactive Technologies <\/b><\/p>\n

\nReactive Technologies joins Accenture Ventures\u2019 Project Spotlight program\n<\/p>\n

\nForms strategic alliance to help accelerate the commercialization of grid data for utilities\n<\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nAccenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures<\/a>, and formed a strategic alliance with Reactive Technologies, a London-based provider of power and grid technology, to help utilities accelerate the transition to low-carbon energy.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201214005818\/en\/<\/a><\/p>\n

\"Accenture<\/p>\n

Accenture has made a strategic investment in Reactive Technologies. (Photo: Business Wire)<\/p>\n<\/div>\n

According to a<\/span><\/strong>new report<\/a>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<\/span><\/strong>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.\n<\/p>\n

\n\u201cAs 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,\u201d said Stephanie Jamison, a senior managing director who leads Accenture\u2019s utilities business. \u201cWe believe Reactive Technologies\u2019 innovative technology solutions can help improve critical decision making by moving from models to measurement. Coupled with Accenture\u2019s experience in the utilities business, our Industry X business\u2019 focus on grid-balancing expertise and our global reach, these services can accelerate the creation of the utility of the future. This type of collaboration is key to helping our clients achieve their sustainability and business goals.\u201d\n<\/p>\n

\nMaikel van Verseveld, managing director, Accenture Industry X<\/a>, added, \u201cReactive Technologies\u2019 patented measurement solutions and scalable cloud platform, combined with high-resolution edge computing devices, enable a digital network twin for simulating operations. This allows network operators to measure grid inertia and system stability in real-time. This convergence of communications, information and operating technology embeds new levels of intelligence in the operations of utilities, offering clients untapped potential for making the grid more stable, safe and efficient.\u201d\n<\/p>\n

\nReactive is now part of Accenture Ventures\u2019 Project Spotlight<\/a>, a deeply immersive engagement and investment program that targets emerging technology software businesses to help the Global 2000 embrace the power of change and fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture\u2019s deep domain expertise and its enterprise clients, to harness human creativity and deliver on the promise of new technology. Through the program, Reactive Technologies will co-innovate with Accenture and its clients at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to bring solutions to market more quickly and more effectively.\n<\/p>\n

\n\u201cThrough unique measurement technologies, the fundamental challenges of managing grid stability with ever increasing amounts of renewable energy being deployed can now be solved,\u201d said Marc Borrett, CEO of Reactive Technologies. \u201cThrough GridMetrix\u00ae, critical grid parameters can be captured accurately and continuously for grid operators, transmission or distribution, national or regional. This will enable them to be properly equipped to better manage grid stability risks, save money, invest smarter, and integrate more renewable energy in the power system. Working with Accenture helps us to operate on a global basis with a local presence and support our offering with their full suite of technical and commercial delivery capabilities.\u201d\n<\/p>\n

\nTom Lounibos, managing director, Accenture Ventures, added, \u201cOur investment and alliance with Reactive Technologies brings to life Accenture Ventures\u2019 commitment to cultivating the latest technologies, enhanced by human ingenuity. Reactive Technologies\u2019 solutions solve some of the most critical business needs of our utilities clients, which will only become more complex in the future.”\n<\/p>\n

\nReactive 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.\n<\/p>\n

\nTerms of the investment were not disclosed.\n<\/p>\n

About Accenture
\n
<\/b>Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services \u2014 all powered by the world\u2019s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com<\/a>.\n<\/p>\n

\nAccenture helps organizations across the utilities value chain embrace change to accelerate growth and the energy transition while providing safe, reliable, affordable and sustainable energy. To learn more, visit Accenture\u2019s Utilities industry portal<\/a>.<\/p>\n

About Reactive Technologies
\n
<\/b>Reactive Technologies is an innovative UK and Finland based cleantech company whose mission is to accelerate the transition to a low carbon future. Reactive enable this with unique, patented data measurement and analytics for Transmission System Operators (TSOs) and Distribution Network Operators (DNOs) that address the energy industry\u2019s greatest challenges. Reactive\u2019s services enable TSOs, DNOs and energy market participants to operate more effectively, with lower risk and cost exposure as greater renewable generation is deployed, used and traded across power systems globally. Reactive Technologies\u2019 commercial partnership with National Grid ESO follows successful innovation projects proving GridMetrix\u00ae unique ability to accurately measure power grid inertia directly, a technological world first. Reactive has been awarded a number of accolades including being named in the 2018 Cleantech Group \u2018Ones to Watch\u2019 list which features exciting up-and-coming companies globally. To find out more, please visit www.reactive-technologies.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201214005818\/en\/<\/a><\/span><\/p>\n

\nGuy Cantwell
\n
Accenture
\n
+1 281 900 9089
\n
guy.cantwell@accenture.com<\/a><\/p>\n

\nOliver Williams
\n
Caroline Cutler
\n
Ntobeko Chidavaenzi
\n
Reactive Technologies (via FTI)
\n
+44 20 3727 1000
\n
reactivetechnologies@fticonsulting.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Other Professional Services Other Energy Utilities Finance Consulting Alternative Energy Energy Professional Services Environment Other Technology Software Networks Data Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Accenture has made a strategic investment in Reactive Technologies. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Accenture Makes Strategic Investment in Reactive Technologies Reactive Technologies joins Accenture Ventures\u2019 Project Spotlight program Forms strategic alliance to help accelerate the commercialization of grid data for utilities NEW YORK–(BUSINESS WIRE)– Accenture (NYSE: ACN) 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, to help utilities accelerate the transition to low-carbon energy. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201214005818\/en\/ Accenture has made a strategic investment in Reactive Technologies. (Photo: Business Wire) According to anew reportfrom 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 … <\/p>\n

Continue reading “Accenture Makes Strategic Investment in Reactive Technologies”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAccenture Makes Strategic Investment in Reactive Technologies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-makes-strategic-investment-in-reactive-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accenture Makes Strategic Investment in Reactive Technologies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Accenture Makes Strategic Investment in Reactive Technologies Reactive Technologies joins Accenture Ventures\u2019 Project Spotlight program Forms strategic alliance to help accelerate the commercialization of grid data for utilities NEW YORK–(BUSINESS WIRE)– Accenture (NYSE: ACN) 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, to help utilities accelerate the transition to low-carbon energy. 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