REstore NV is an award-winning energy technology company leading the delivery of advanced automated demand response. It taps into flexible energy capacity from commercial and industrial consumers and makes this available to grid operators in order to reduce peak energy demand, cut CO2 emissions, and enable real-time grid balancing.

The company’s patented technologies represent a new generation of demand-side management, enabling capacity delivery with tailored response profiles and sub-second response times. REstore’s advanced software and algorithms can manage virtual power plants combining demand response, distributed generation and battery energy storage.

Headquartered in Antwerp, Belgium, REstore manages 1.7GW of peak load and has c.50 employees with a consistent record of high double-digit revenue growth.

REstore serves over 150 of the largest commercial and industrial energy users in Belgium, United Kingdom, Germany and France, including chemical, steel and food manufacturers, and delivers flexible capacity to national grid operators in all its territories. This transaction will expand its presence in Europe, the US and Asia.

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About Restore NV

Headquartered in Antwerp, REstore was founded in 2010 by co-CEOs Pieter-Jan Mermans and Jan-Willem Rombouts. The company has approximately 50 employees with offices in Belgium, UK, France, Germany and California. REstore delivers cloud-based Demand Side Management software and Demand Response Services for a variety of customers including ArcelorMittal, Total and Sappi. The role of a demand response aggregator is to bring together multiple sources of load ‘behind the meter’, which can then be sold as a single package to Transmission System Operators (TSOs) as a tool to help reduce pressure on the electricity grid.

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About Centrica Plc

Centrica (LSE: CNA) is a Windsor-based international FTSE 50 company supplying energy and energy-related services to around 28 million customer accounts mainly in the UK, Ireland and North America, through strong brands such as British Gas, Direct Energy and Bord Gáis Energy. Centrica is developing new and innovative products and services for customers globally through its Distributed Energy & Power unit, which provides energy insight, asset optimisation and energy solutions to large energy users under the Centrica Business Solutions banner.

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Olivier Beaudouin

Investment Banking

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Jonathan Foiret-Hurbin

Investment Banking

Jonathan Foiret-Hurbin photo

Jay Marathe

Investment Banking

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Priyanshu Bhattacharya

Investment Banking

Investment Banking

Deal Team

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