Sympower has further strengthened its scale-up plans after securing a €2.3 million grant from the highly competitive European Innovation Council (EIC) Accelerator program to help fund the expansion of its proprietary flexibility platform.
Sympower secures €22 million of further VC investment to accelerate Europe’s energy transition
Sympower partners with Israeli TSO
Sympower partners with Israeli TSO to improve the stability of Israel’s electricity grid and help reduce CO2 emissions. The pilot project will use our flexibility platform, designed to help system operators stabilise electricity networks during times of peak demand. This is achieved by optimising the inherent flexibility of electrical assets and processes from energy-intensive commercial and industrial customers.
Sympower joins the B Corp community
USING BUSINESS AS A FORCE FOR GOOD
Certified B Corps are leaders in the global movement for an inclusive, equitable, and regenerative economy. Sympower was born with the environmental mission to help accelerate the energy transition. As a company that is striving to make a positive impact even more broadly than this, we are very proud Sympower is joining the B Corp directory to increase their broader positive impact on society and on the environment.
Sympower and Vattenfall renew partnership to provide Northern Europe with additional grid-balancing services
Sympower has extended its partnership for a further three years with the European energy utility giant – Vattenfall. Working together with one of Europe’s largest producers and retailers of electricity and heat, the renewed contract allows Sympower to provide continued grid balancing services in the Swedish market, while opening up further markets in countries such as Denmark.
AEB and Sympower to jointly develop an AI-based smart energy platform for heat, steam and electricity
When energy production is handled by a greater share of renewables, there is a rising demand for grid balancing services as low-inertia power systems and production are harder to forecast and keep stable. Sympower, the flexibility specialist, is providing grid balancing services to help keep the Finnish electricity grid frequency stable at 50Hz.
Israel has recently lifted its 2030 national renewable energy target from 17% to 30%. Sympower and its Israeli partner PHOEBUS ENERGY are supporting the Israeli grid in achieving this ambitious target.
Sympower is taking part in a pilot organised by Dutch Transmission System Operator TenneT to explore how to open aFRR to independent, aggregated demand side resources. Sympower, as an independent aggregator, shows the benefits of the pilot by: