Sympower Secures €21.3 Million to Drive Europe’s Energy Transition and Challenge Global Leaders

Image Credit: Sympower

Sympower, a frontrunner in Europe’s energy flexibility sector, has achieved a significant milestone by closing an oversubscribed funding round of €21.3 million. Spearheaded by the A&G Energy Transition Tech Fund (A&G ETTF), the round also saw direct investment from the European Investment Fund (EIF) and contributions from existing backers such as Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital. This influx of capital will propel Sympower’s mission to stabilize energy grids and accelerate the integration of renewable energy across Europe.

At the core of Sympower’s operations lies an impressive portfolio exceeding 2GW of flexible distributed resources. As a demand-side flexibility aggregator, the company has made significant strides in regions like the Nordics and Greece, where its solutions help maintain grid stability while enabling seamless incorporation of renewable energy. The European Commission has underscored the importance of such flexibility services, estimating that these innovations could save €12 billion in grid investment costs by 2050—a transformative leap for Europe’s energy infrastructure.

With its new funding, Sympower is gearing up to broaden its impact. One key initiative is integrating battery energy storage systems (BESS) into its offerings, which promises to bolster grid reliability and further renewable energy adoption.

CEO Simon Bushell said: “Sympower has grown tremendously in recent years, which aligns with the unprecedented demand across Europe for diversified and mature energy flexibility solutions. I’m grateful for the continuous support of our investors and delighted to see new ones putting their trust in us. Completing an oversubscribed funding round shows our investors’ confidence in our vision, team, and execution capabilities.”

Additionally, the company aims to pursue strategic mergers and acquisitions to strengthen its position in critical markets. Beyond these efforts, Sympower is also expanding its energy trading services for industrial clients and renewable energy producers, signaling its intent to diversify its service portfolio.

The funding round also introduced fresh perspectives to Sympower’s leadership team. Jesús Lozano Lopez of A&G joins the Supervisory Board, accompanied by Tim Healy, EnerNOC's former Chairman and CEO.

A&G’s Investment Director, Jesús Lozano Lopez, commented: “We have been following Sympower’s evolution for a few years and were impressed by its unique international footprint and position in the European energy market. Sympower’s significant growth, commercial traction, and European expansion were determining factors which convinced us to invest.”

Long-term investor Rubio Impact Ventures, represented by Partner Helmer Schukken, expressed continued support: “We are thrilled to continue supporting Sympower’s mission to drive the renewable energy transition forward alongside our partner, the European Investment Fund. This joint investment represents our ongoing conviction in the company’s market leadership, enabling grid flexibility and greener power from the commercial & industrial sector.”

With over 200 employees across ten countries, Sympower is now equipped to scale its operations and reinforce its pivotal role in Europe’s energy transition. By harnessing this new capital, the company is not just preparing for growth but is also laying the groundwork for a more flexible, renewable, and sustainable energy future.