REstore is a rapidly growing Demand Response Aggregator.

For industrial electricity customers, REstore brings substantial discount on the electricity bill, with no upfront investments. We do that by shifting electricity consumption intraday and by avoiding peak demand, without any impact on the industrial process.

For power utilities, grid operators and renewable energy producers, we offer balancing capacity and balancing energy through steering of electricity demand. Our cutting-edge, automated Demand Response technology platform Flexpond^TM optimally aggregates large sets of flexible industrial loads, such that we can offer more cost- and carbon efficient balancing power than current power plants.

progress

Since its inception in 2010, REstore has achieved significant milestones:

2012-01     REstore and Egemin Automation run joint Auto Demand Response pilot projects

REstore and Egemin Automation announce the launch of joint auto-demand response pilot projects in the process and infrastructure industries. Based on real-life trials, REstore and Egemin will further optimize the design and integration of REstore's Flexpond platform with Egemin Automation technology, in order to maximize energy savings for the end-client.

2011-09     Retailer O'Cool partners with REstore to reduce energy bill

REstore and O'Cool launch an auto-demand response pilot project, optimizing the power consumption of O'Cool's large-scale cold stores, generating extra cashflows that reduce the energy bill of the end-client. In the coming months, the cold stores will be connected to REstore's Flexpond^TM platform, and real-life testing will start.

2011-07     Largest European Electric Vehicle pilot "iMOVE" launched

The consortium lead by REstore, Umicore and Ernst & Young, announces the selection of iMOVE - the largest European Electric Car pilot project in the smart grid - by the Flemish Government and IWT. The iMOVE consortium invests 10 million EUR in 175 Electric Cars, 300 smart meters and charge points, as reported by international press. REstore will offer balancing services on the Belgian wholesale energy market by steering the charging of these electric cars using its proprietary auto-demand response platform Flexpond^TM.

2011-06     Top-5 global power utility signs major agreement with REstore

A top-5 global power utility (confidential) signed an agreement with REstore to use REstore's patented Flexpond^TM platform and aggregated demand response services on their Balancing & Trading Floor in a pilot setting throughout 2012. The power utility will use aggregated flexible loads to improve day-ahead and intra-day balancing of its Belgian power portfolio.

2011-04     Successful first capital round

REstore is proud to announce that it has completed an oversubscribed first capital round, and has secured more than EUR 1MM for the period 2011-2012. Investors include leading business angels, entrepreneurs and 1 venture capital fund.

2010-11     IWT backs REstore software development with large innovation grant

REstore is pleased to announce a EUR 264K grant to further develop smart demand response algorithms and software. REstore was invited by the "SPARC" consortium (including SONY, Interparking, Athlon Car Lease and VITO, University of Leuven and IBBT) to partake in this IBBT research project with a focus on smart Electric Vehicle charging solutions.

2010-06     Launch of the EV Platform.

REstore announced the largest commercial pilot project for Electric Vehicles in Belgium, with more than 10 large corporations joining.