REstore wins the Deloitte Technology Fast 50TM award
BRUSSELS, 16 November 2016: REstore, the European leader in automated demand response, announced today that it is the winner of the Deloitte Technology Fast 50 Award.
The Deloitte Technology Fast 50 Award is an annual award granted to the fastest growing technology companies, issued by Deloitte.
Over the past four years, REstore has achieved an impressive turnover growth of 2,294 percent. Earlier this year, Bloomberg (August 2016) also listed REstore as one of the leaders in Demand Side Management software.
REstore has developed a big data software platform to manage, aggregate and steer flexible decentralised assets (machines, micro-generation, storage, …) at C&I and Residential consumers, during periods of grid stress.
REstore has offices in Paris, London, Düsseldorf and Antwerp. The energy technology company furthermore announced today the launch of a satellite office in San Francisco (USA) to explore concrete growth opportunities in the US for its FlexPond™ SaaS-based solution.
“As our turnover grew x23 over 4 years, the annual compounded growth rate is pretty impressive, even against “Silicon Valley” benchmarks. We successfully opened new offices in Paris and Düsseldorf early 2016. The next logical step is to assess further growth possibilities in the United States. We’ll be opening our satellite office in San Francisco this week”, says Jan-Willem Rombouts, co-CEO of REstore.
“Our software uses Internet-of-Things and big data technology to deliver Demand Side Management using power consuming machines such as refrigerators, electric boilers, compressors and other industrial processes. REstore turns these distributed resources into Virtual Power Plants, serving as a substitute to a physical peak power plant, but at a much lower cost and with structurally less CO2 emissions", explains Pieter-Jan Mermans, co-CEO of REstore.
The Deloitte Technology Fast 50™ Awards recognises the fifty fastest growing technology companies. In addition to this recognition, Deloitte Technology Fast 50 also traditionally awards the strongest growing companies from various industrial sectors.
Deloitte is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to select clients. Deloitte’s clients include some of the biggest national and international companies, as well as SMEs, the public sector, and non-profit organisations.
REstore is a leading energy technology company, focused on automated Demand Side Management. The company offers Demand Response programs to Commercial & Industrial consumers and delivers cloud-based Demand Side Management software to Utilities.
REstore recently won the Platts Global Energy Awards, the Global Cleantech top-100, and the Frost & Sullivan Demand Response European Leadership Award.
REstore is the leader in the fast-growing European Primary Reserve / Frequency control market, and operates in all ancillary services and capacity markets in France, UK, Germany and Benelux.
The company’s proprietary platform FlexPond™ is used by more than 125 of Europe’s largest industrial energy consumers, and a series of utility clients, including 5 out of Europe’s top-50 largest utilities and grid operators.
Jan-Willem Rombouts and Pieter-Jan Mermans founded the company in 2010.
For more information, please visit www.restore.eu.