PGGM invests €19 million in Sympower to bolster its battery optimization solutions and support growth in the European energy flexibility market.
Information on the Target
Sympower is a prominent player in the energy flexibility sector, managing a substantial portfolio of 2.7 GW of flexible assets. The company specializes in battery energy storage system (BESS) optimization solutions, positioning itself as a critical enabler for the transition towards renewable energy integration and grid stability across Europe.
Recently, Sympower completed its Series B1 funding round, raising a total of €42 million, with a notable €19 million investment from PGGM, the Dutch pension investor representing PFZW. This influx of capital is set to enhance Sympower's capabilities and support its strategic growth initiatives.
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Industry Overview in the Target's Specific Country
The European energy sector is undergoing significant transformation, driven by the urgent need for sustainability and decarbonization. As governments and institu
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Disclosed details
Transaction Size: $19M