Energy equipment and solutions provider Sympower announced that it has secured a €19 million (USD$22.6 million) investment from Dutch pension fund manager PGGM, acting on behalf of pension fund PFZW, with proceeds aimed at supporting the acceleration of the expansion of its energy flexibility services across Europe.
The new investment forms an extension of Sympower’s Series B1 funding, bringing the round to €42 million (USD$49.8 million)
Founded in 2015, Amsterdam-based Sympower provides solutions aimed at unlocking the flexibility of electric assets across industries, by temporarily adjusting the power of machines and processes through automated demand response capabilities.
