Sympower Secures $50 Million to Expand Battery Storage and Grid Flexibility Across Europe

Sympower, a leading provider of energy flexibility and smart grid solutions, has announced the successful extension of its Series B1 funding round, raising its total to €42 million (USD $49.8 million). The fresh capital includes a €19 million (USD $22.6 million) investment from Dutch pension fund manager PGGM, acting on behalf of the prominent Dutch pension fund PFZW.

 

This strategic investment aims to support Sympower’s rapid scale-up across Europe, focusing particularly on energy flexibility services and battery storage solutions. The funding reinforces Sympower’s role in transforming the continent’s electricity infrastructure through smarter, more sustainable energy systems.

 

A Virtual Power Approach to Grid Stability

 

Founded in 2015 and headquartered in Amsterdam, Sympower offers technology that enables the real-time management of distributed electric assets. Through its automated demand response systems, the company helps businesses and grid operators adjust power consumption dynamically. This process balances electricity supply and demand by shifting power from underutilized assets to areas where demand spikes, reducing reliance on excess generation and lowering carbon emissions.

 

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In addition to virtual grid balancing, Sympower develops battery energy storage systems (BESS), providing crucial backup capacity and contributing to overall grid resilience. Its approach helps optimize electricity consumption and storage at a time when energy volatility and the transition to renewables demand greater system flexibility.

 

Growing Impact Across the Continent

 

Sympower already manages more than 2.7 gigawatts of distributed energy assets across Europe. The company has established a strong foothold in the battery storage sector, with over 0.5 gigawatts of BESS assets under management in the Nordics alone. It has successfully implemented large-scale battery projects in Sweden and Finland and recently expanded its optimization services into Greece.

 

The newly secured funding will enable the company to accelerate its entry into additional European markets and pursue strategic mergers and acquisitions. With increased backing, Sympower plans to deepen its BESS integration and continue helping regions improve electricity system reliability while supporting decarbonization goals.

 

Backing from a Climate-Focused Pension Strategy

 

PGGM’s investment was made through its €1 billion Clean Energy Transition Strategy (CETS), which focuses on scaling technologies that support Europe’s net-zero ambitions. Of that fund, €800 million is earmarked for direct equity investments into infrastructure and services that generate measurable emissions reductions.

 

PGGM sees Sympower as a strong strategic fit for this mission. By joining the Supervisory Board, the pension fund manager will play an active role in shaping the long-term governance and direction of the company. This partnership reflects a shared commitment to supporting scalable climate solutions and delivering sustainable financial returns.

 

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A Vision for Scalable, Sustainable Energy

 

Simon Bushell, CEO and Founder of Sympower, emphasized that the company is entering a new phase of growth. He stated that scaling through battery integration, new market entry, and acquisitions will define Sympower’s next chapter. With PGGM as a strategic partner, the company now has the resources and confidence to move faster and further toward a smarter energy future for Europe.

 

Tim van den Brule, Investment Director at PGGM Infrastructure, highlighted Sympower’s platform as a leader in grid flexibility. He noted that this investment is designed to not only support strong returns for PFZW participants but also to enhance the reliability and sustainability of Europe’s energy systems.

 

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