Sympower is working with leading European energy utility Vattenfall to help increase the amount of flexibility in Sweden’s energy market. The companies are working together to control approximately 60MW worth of assets of the country’s new fast frequency reserves (FFR), which has a total capacity of just under 70MW. The launch of FFR in the Nordics will enable more renewables to enter the market and help drive the energy transition.
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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.
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On the 8th of May 2019 the Swedish Transmission System Operator (TSO) Svenska Kraftnät opened up the market for FCR (Frequency Containment Reserves) for consumers with a flexible electricity consumption in Sweden. Electricity consumers in Sweden are now, thanks to the partnership between Vattenfall and Sympower, able to sell their flexibility to Svenska Kraftnät.
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Sympower and Dutch grid operator TenneT will examine the possibilities of using distributed electrical assets to help balance the grid in a sustainable way. The pilot will start in January 2019 and will run for a period of two years during which a number of Sympower’s partners will provide flexibility through their controllable energy loads to one of TenneT's balancing markets, called 'automated Frequency Restoration Reserves’ (aFRR or ‘control power’). 
At the moment, aFRR is mainly provided by conventional power plants, but the future of the energy landscape is changing and new solutions are needed.
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CleanTech Group put Sympower on their global top 100 Cleantech companies to watch list.

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At the end of Rockstart Smart Energy Demo Day, alumni Sympower announced it has raised one million euros from Enfuro Ventures and angel investors. The capital will fund the international scale-up of its electricity grid balancing software platform following the successful implementation on electricity markets in Europe. 
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