Sympower Raises €22M in Funding

Sympower

Sympower, an Amsterdam, Netherlands-based clean energy system provider, raised €22M in funding.

The round was led by Activate Capital, Expon Capital, Rubio Impact Ventures, PDENH and Rockstart. 

The company intends to use the funds to serve more industrial and commercial customers across Europe, including demand-side loads, renewable energy production, electric vehicle charging, and battery storage facilities.

Founded in 2015 by CEO Simon Bushell, Sympower is accelerating the global transition towards net-zero by helping to build smarter, cleaner renewable energy systems. Using our proprietary software platform, we balance the supply and demand of electricity across international energy grids. 

The company helps businesses, grid operators, asset owners and other energy stakeholders around the world reduce their carbon emissions, integrate more distributed renewable energy resources, and generate new revenue streams by participating in demand-side response services.

Founded in 2015, Sympower has over 90 team members and is active in nine countries, including the Netherlands, Sweden, Finland, Norway and Israel with over 750MW of flexibility under management across a portfolio of more than 200 customers, who operate in a wide range of energy-intensive industries, including paper and pulp, greenhouses and agriculture, data centres, metal industry, battery energy storage, sawmills, manufacturing and process industries.

In 2022, Sympower achieved B Corp Certification, which shows the company is meeting high standards of verified performance, accountability, and transparency on a wide range of factors from employee benefits and charitable giving to supply chain practices and input materials.

FinSMEs

19/07/2022