The owner of British Gas has deepened its presence in the growing market for power control after paying €70m (£62m) for a European technology firm that can flex the electricity demand of heavy energy users to help balance fluctuations on the grid. Antwerp-based REstore uses software to control the energy demand of 150 industrial and commercial customers across Belgium, the UK, France and Germany by turning demand down when supplies are tight and letting it go higher when electricity is ample. In total REstore controls 1.7GW worth of power demand, the capacity equivalent of half the new Hinkley Point power plant.
Telegreaph 3rd Nov 2017 read more »
Times 4th Nov 2017 read more »