Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about European Grid Edge M&a; Alert: Centrica Buys Restore For $81m
Real Assets

European Grid Edge M&a; Alert: Centrica Buys Restore For $81m

by greentechmedia.com posted 11months ago 261 views
REstore, the Belgian startup that’s taken a leading role in Europe’s emerging demand response markets, has been acquired by U.K.-based utility and energy provider Centrica for €70 million ($81.4 million) in cash. It’s the latest acquisition in a year busy with European utilities shopping for startups to help them compete in a distributed energy future. Friday’s deal will give Centrica control of REstore’s portfolio of 1.7 gigawatts and counting of peak load across the U.K., France, Belgium and Germany.