October 1, 2019
Energy Is A Balancing Act: Social IV Invests In Sympower
We need all hands on deck for a clean energy future, with smart grid innovators fulfilling a crucial role in accelerating the energy transition. Sympower offers scalable and cost competitive grid flexibility solutions and is run by an international team of experts, all driven by an impact mission to contribute to a more sustainable energy system. Social 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.
The mission of Sympower is to reduce reliance on oil, coal and gas power plants and allow for increased integration of renewables, saving large quantities of CO2.
Sympower synchronizes energy consumption with renewable resources, because they believe every level of the energy system has a role to play in the energy transition and their mission is to facilitate the participation of energy assets across the globe.
Sympower keeps the electricity grid in balance in a sustainable and cost-effective way, currently in Finland, Sweden, and The Netherlands. Its software platform responds to fluctuations in the supply and demand of the electricity grid in milliseconds, by regulating the consumption or generation of electrical installations across multiple sectors (such as waste facilities, wood processing plants, datacenters and greenhouses).