Accelerating the clean energy transition with Sympower
The mission of Sympower is to reduce reliance on oil, coal and gas power plants and allow for increased integration of renewables, thus saving large quantities of CO2. Sympower provides electricity grid balancing services, and as such, generates impact by reducing the use of fossil fuels and enabling more sustainable electricity sources such as wind and solar to deliver to the grid.
The electricity grid must always be in balance, i.e. demand and supply of electricity must be equal. Traditionally, this balance is provided by fossil-fuel power stations who can alter their output to meet the demand. This implies two issues for our environment: 1) it requires use of fossil fuel to do so therewith emitting CO2 and 2) there is a limit to the flexible capacity of the fossil-fuel power plants and with the increase in wind and solar on the grid, that limit is within reach.
Sympower provides cost-effective and sustainable balancing services to the electricity grid. The Sympower software platform responds to fluctuations in the supply and demand of electricity grid in milliseconds, by regulating the consumption or generation of electrical installations across multiple industrial and commercial sectors (such as waste facilities, wood processing plants, datacenters and greenhouses), while taking care not to interrupt primary processes.
Sympower was founded in 2015 and is based in Amsterdam, The Netherlands. The company is market leader in Finland, active in Sweden with its sales partner Vattenfall, supplying to Tennet in the Netherlands and has started working for the Israeli grid operator.
Vote of confidence
Rubio Impact Ventures, Participatiefonds Duurzame Economie Noord-Holland (PDENH), current investors and the team have invested EUR 3 million in Sympower to fund international growth to maximise the impact on electricity systems across the globe.
“We’re delighted with this investment from Rubio Impact Ventures, with whom we share a common goal of creating a significant positive impact by building a successful and sustainable business. The experience and drive that the SIV team brings will be of huge value to Sympower in the months and years ahead!” – Simon Bushell – CEO and Founder of Sympower
For more information, please go to sympower
#7 Affordable clean energy