REstore selected as a GTM 2018 Grid Edge Innovation Award
Greentech Media, Jeff St. John (April 26, 2018) – The 2018 Grid Edge Innovation Awards: Our top picks for the projects, companies and partnerships breaking new ground on the grid edge.
Originally pushed via Greentech Media.
This year’s Grid Edge Innovation Summit will bring together top talent and expertise from around the world of distributed energy. And as with every Greentech Media grid edge event, this year’s summit will showcase a set of projects that represent the future of the grid.
This week, after months of careful selection and some tough voting choices, we’re pleased to announce the 10 winners and two honorable mentions of this year’s Grid Edge Innovation Awards.
These winners were nominated and voted on by energy industry stakeholders, including the team of analysts at GTM Research.
All of our projects involve innovative applications of grid edge technologies. They also offer solutions to the technical, business and regulatory challenges of distributed energy integration. Take a look, and join us in June to meet the minds behind these projects changing the face of the future grid.
At-scale European DER flexibility portfolio: REstore (part of Centrica Business Solutions)
REstore's first market entry in 2010 was building a flexible portfolio of 1.7 gigawatts of demand-side resources across Europe. In November, UK-based Centrica bought REstore for $81 million, adding demand management capabilities to its roster of companies targeting distributed energy opportunities in the U.S., Europe and abroad.
REstore’s success was linked to unique capabilities in high-value reserve markets requiring fast response with sub-second response times. “REstore has a hybrid patented approach to demand response, putting its intelligence centrally and locally, whereas most vendors just choose one,” said Elta Kolo, a research manager at GTM. This allows it to participate in high-value reserve markets requiring fast response, along with capacity markets.
REstore currently provides its software solution FlexPond to over 150 of Europe’s largest energy users, in addition to utilities that make use of the product’s flexibility to provide grid services.
If you are a journalist and would like to get in touch with our media team, please contact media_NA@centrica.com.