Sympower, an Amsterdam-based energy flexibility company founded in 2015, has secured €19 million in funding from PGGM and impact investors to expand its BESS optimization technology and enter new European markets, building on its existing operations in the Nordics and recent rollout in Greece.

The company manages over 2.7 GW of flexible energy assets across Europe, including more than 0.5 GW of battery storage, serving industries like paper, greenhouses, data centers, and wood mills, with a focus on balancing supply and demand for renewable energy integration.

Founded by Simon Bushell, Sympower employs over 200 staff across more than ten countries, providing solutions that help stabilize electricity grids and reduce energy costs by managing distributed energy assets.

Sympower’s platform plays a crucial role in balancing electricity supply and demand across European energy networks, supporting the EU’s ambitious climate neutrality targets for 2030 and 2050.

Its independent, software-driven platform offers a competitive edge over rivals like Limejump and Tesla’s Autobidder by enabling faster integration of distributed energy resources.

The investment reflects growing confidence from institutional investors and aligns with the EU’s push for energy flexibility services as essential for grid stability and renewable energy adoption.

The €19 million funding round was led by PGGM on behalf of PFZW, the Dutch healthcare pension scheme, with participation from impact investors such as A&G Energy Transition Tech Fund, Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital.

PGGM’s investment aligns with its Climate and Energy Transition Solutions mandate, and PFZW will join Sympower’s advisory board to help guide strategic growth and governance.

This funding follows Sympower’s earlier Series B1 round, bringing total funding to €42 million, and demonstrates strong backing from impact investors committed to sustainable energy solutions.

With the new capital, Sympower aims to deepen BESS integration, pursue mergers and acquisitions, and expand into additional European markets, leveraging PGGM’s support for its growth strategy.