REstore

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Company

REstore is a leading European Demand Response aggregator, specialized in automated DR.

The company was founded in 2010 by Pieter-Jan Mermans and Jan-Willem Rombouts. The team has grown significantly between 2010 and 2013, to serve our clients in the UK and in Belgium.

FlexpondTM is our proprietary, patented technology platform, developed to turn DR into a virtual open cycle gas turbine.

REstore has offices in the UK and in Belgium. It currently offers balancing capacity to Elia, EDF and National Grid.

The company successfully raised more than € 4 million venture capital in series A and B capital rounds. Our shareholders include VC investors LRM, AXE Investments and Ark Angel Fund, along with entrepreneurs and industrial families.

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Company

Management

Pieter-Jan Mermans

  • Co-Founder
  • Co-CEO, Head of Business Development and Sales

Pieter-Jan has 10 years of global management consulting experience at Arthur D. Little and PwC, with a strong focus on the energy and petrochemical industry. He holds an M.Sc. in Financial Economics (KULeuven, Belgium) and an M.Sc. in Commercial Engineering (U Antwerpen, Belgium).

Jan-Willem Rombouts

  • Co-Founder
  • Co-CEO, Head of Research & Development and Operations

Jan-Willem served as Vice President of Credit Trading Strategy and Executive Director of Credit Sales Strategy at Goldman Sachs. He has expertise in quantitative finance and software development. He holds a Ph.D. in Physics (New York University, USA) and an M.Sc. in Mathematics (University of Ghent, Belgium).

Board of directors

Rudi Thomaes - Chairman

Rudi brings an extensive track record as corporate executive in the high-tech industry and a strong business network to the REstore Board. He is the former CEO of the Federation of Belgian Enterprises (VBO), a member of VOKA and a regent of the National Bank of Belgium. From 1999 to 2004, he was Managing Director and Chairman of the Management Committee of Alcatel Bell.

Wim Heyselberghs

Wim brings extensive energy market and specific energy trading experience to the REstore Board. He is CEO of C.GEN, a company which invests in CO2 neutral power generation. He was CEO of Nuon Belgium until 2006, and spent eight years with Tractebel, as member of the management committee and as head of distribution, trading and transport operations.

Paul Carpentier

Paul brings extensive technology experience and a proven track record as entrepreneur to the REstore Board. He is CTO and founder of Caringo, a leading US-based provider of content storage software. Paul founded FilePool, where he invented the technology that created the Content Addressed Storage industry. FilePool was sold to EMC who turned CAS into a multi-billion dollar marketplace.

Stijn Bijnens

Stijn brings extensive technology experience and a proven track record as entrepreneur to the REstore Board. He is CEO of LRM, a leading Belgian Venture capital and Private Equity player. Stijn founded Ubizen, an important information security services firm, and held several management positions at Verizon & Cybertrust.

Investors

REstore successfully raised more than € 4 million venture capital in series A and B capital rounds. Our shareholders include VC investors LRM, AXE Investments and Ark Angel Fund, along with entrepreneurs and industrial families.