Sympower Raises €3 Million in Series A Funding Round to Scale Smart Energy Solutions Internationally
Sympower has raised €3 million in a Series A funding round from Dutch investment funds Social Impact Ventures and Participatiefonds Duurzame Economie Noord-Holland (PDENH), current investors and team. The capital will fund the further international roll-out of Sympower’s electricity grid balancing services following successful implementation on electricity markets in Finland and the Netherlands.
Sympower was selected by the Israeli Ministry of Energy to lead and demonstrate the implementation of demand response and grid balancing services in Israel. Through this project, Sympower is helping shape the electricity market of the future, including investigating the necessary changes to regulations and infrastructure to enable DR services in Israel.
Koolen Industries has signed the agreement for a multi-million investment in the electricity storage company Elestor BV. After years of research and development, Elestor is at the verge of introducing its revolutionary hydrogen bromine flow battery to the market. This technology is a next step in low cost electricity storage at scale.
Kees Koolen, owner of clean energy conglomerate Koolen Industries and former CEO of booking.com and early investor in Uber: “Elestor’s storage systems are designed for large scale stationary applications, whereby the storage costs per kWh are impressively low. With Elestor, another exciting storage technology has been added to the group of companies that we invest in. Since these technologies are complementary and serve a different range of applications, we are together able to deliver turnkey solutions for virtually every demand, in all markets and on a very large scale. The unique Flow Battery technology from Elestor fits extremely well in that strategy.”
Triple Solar uitgroepen tot één van de 30 innovatiefste bedrijven van Nederland.
The first European hyperloop system is complete with all core hyperloop elements, including breakthrough Hyperloop Lane Switch (HLS) technology. The lane-switching technology allows hyperloop vehicles to change from one lane to another without additional or moving components. This enables the vehicles to retain their high speeds, effortlessly switch routes, and merge in and out of the network.
Only the storage technology offering operational costs low enough to create an attractive return on investment has sufficient leverage to boost the energy transition. Elestor’s breakthrough flow batteries store electricity at only a fraction of the costs of conventional batteries, safely and with a very long lifetime.
Read Elestor Brochure...
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