Sympower successfully raised €5.2 million in a follow-on investment round led by PDENH and several other partners to enhance its software solutions for balancing electricity supply and demand.

Target Information

Sympower, founded in 2019, specializes in providing intelligent software solutions aimed at balancing electricity supply and demand within the grid. The company has successfully expanded its operations from Finland to Sweden and the Netherlands, facilitating a more dynamic energy market. By effectively managing a diverse range of electrical assets and processes, Sympower plays a critical role in enhancing the stability of the electricity system amidst the increasing integration of renewable energy sources.

Industry Overview in the Target’s Country

The energy sector in Europe, particularly in countries like the Netherlands and Sweden, is undergoing significant transformation driven by the European Commission's aggressive push for renewable energy adoption. The increasing share of renewables in the energy mix has escalated the demand for flexibility solutions that can effectively manage the inconsistencies associated with solar and wind energy. As a result, there is a growing emphasis on smart grid technologies and software solutions that optimize the deployment of these renewable resources.

In the context of the Netherlands, renewable energy accounts for a major portion of the energy consumption, with ambitious targets set for further increases in the coming years. The Dutch gov