EIB lends €19 million to Reactive Technologies

The European Investment Bank has announced a €19 million loan to Reactive Technologies to support its GridVerix platform for grid stability and renewable integration.

• €19 million EIB loan will back Reactive Technologies’ investment programme, with up to €7 million for R&D in Oulu, Finland and €12 million for deployment in the European Union.
• The financing is backed by InvestEU and contributes to TechEU; the company says GridVerix helps operators integrate wind and solar, connect large users such as data centers, and reduce outage risk and costs.