The Energyst, Brendan Coyne, 14 May 2018 REstore has combined a grid scale battery with megawatts of industrial load and generation assets to deliver balancing services to European transmission system operators – and plans to replicate the model in the UK. The Centrica-owned aggregator spoke today alongside project partners including Tesla, which provided the 18MW battery, at the launch of the Terhills project in eastern Belgium. The virtual power plant will stack reserve and frequency service provision with trading on day ahead and intraday electricity markets. REstore UK vice president Louis Burford said the model will be replicated in the UK with a project to be announced in the coming weeks, albeit on a smaller scale. The company refers to its model as a ‘synthetic pool’. Burford said synthetic portfolios can unlock greater value from batteries by enabling other types of assets or load to deliver flexibility into fast response markets that they could not technically deliver by themselves. Equally, he said it means less granular, or slower responding assets, can earn a share of higher value balancing services revenues by being pooled with batteries. “By creating synthetic pools or portfolios, you reduce the technical requirements on individual assets that otherwise would not be able to participate [in certain balancing services],” Burford told The Energyst. “By doing so you create value where it does not ordinarily exist. That is only achievable through synthetic portfolios.” Burford added that bringing industrial loads into play also helps system operators, because load response has an effect on system inertia, which is dwindling as large thermal plant is displaced by smaller distributed generation. The less inertia on transmission systems, the more volatile they become. Hence grid operators designing services that reward faster acting assets such as batteries. By combining industrial loads and generation with batteries, Burford claimed grid operators can react to the symptoms of loss of inertia, as well as help address the cause. He also claimed costs to consumers will be lower, because fewer batteries are required on any given system, and revenues paid to flexibility providers higher, because they can help deliver greater services than the sum of their component parts.
Energate messenger, Karsten Wiedemann, 17.10.2018 Marcus Engler ist neuer Vertriebschef bei Restore Deutschland. Berlin (energate) - Der Flexibilitätsdienstleister Restore verstärkt sein Team für den deutschen Markt. Marcus Engler wird künftig für den Vertrieb zuständig sein. Er kommt vom dänischen Energieunternehmen Örsted. Restore will sein Angebot für den deutschen Markt erweitern. Das Unternehmen gehört seit kurzem zur britischen Centrica-Gruppe (...)
Antwerp, July 30th, 2018 - REstore is deeply saddened to communicate that Baron Rudi Thomaes, its former Chairman, passed away last Wednesday. After a distinguished career as CEO of Alcatel Bell and CEO the Federation of Belgian Enterprises, Mr. Thomaes served as Chairman of REstore from 2012 until its acquisition by Centrica at the end of 2017. His unceasing commitment to REstore stemmed from a broader passion to support innovation and entrepreneurship in Belgium. As Chairman of REstore, Mr. Thomaes was a relentless ambassador for the company and critical to the delivery of its success. He used his decades of executive experience in telecom and technology to guide strategy, mentor REstore's founders and help grow the company into an internationally acclaimed energy technology pioneer. Management and board members will remember Mr. Thomaes for his outstanding business insight and ability to simplify complex challenges, but also for his passionate and warm demeanor. Shareholders and employees will remember Rudi's strong leadership and encouraging addresses. Please join us in extending our deepest condolences and sympathy to his family.
[Grid Edge Innovation Summit - SFO, CA] Watch REstore, Greensync and Enbala discuss the VPP of the Future.
Past week's Grid Edge Innovation Summit organised by Greentech Media brought together Greensync's founder Phil Blythe, REstore's co-founder Jan-Willem Rombouts and Enbala's CEO Arthur Vos over a highly engaging panel session, to discuss how utilities are controlling DERs with microgrids and DERMS. Some key-topics covered in this discussion: - The differences and similarities between VPPs and DERMS - The evolving role of advanced, real-time Demand Response globally - The importance of behind the meter and synthetic pooling of all types of flexible assets - How to provide value for the customer (Value Stacking) as a driver to get more flex in the market - Overwinning challenges at both levels: local - as in the level of the distribution grid - and at the level of the ISO Elta Kolo, Ph.D. Research Manager at Greentech Media, specialized in smart grids, moderated the session. Grid Edge Innovation Summit is the leading future energy conference that will examine the energy customer of tomorrow and how new innovative business models are quickly emerging. This year's edition took place on June 20-12 in San Francisco, CA.