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Sympower raises multi-million Series B round to strengthen its pivotal role in the European energy transition

Sympower has raised EUR 5.2 million from Kees Koolen, the former CEO of Booking.com and an early investor and advisor of Uber, as well as existing investors Rubio Impact Ventures, PDENH, Enfuro Ventures and Casper Peeters. The funds will be used to further rollout Sympower’s platform and services across Europe, enabling the company to launch…

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Sympower continues to help stabilise Finnish electricity grid

‍MIKKELI, FINLAND – When energy production is handled by a greater share of renewables, there is a rising demand for grid balancing services as low-inertia power systems and production are harder to forecast and keep stable. Sympower, the flexibility specialist, is providing grid balancing services to help keep the Finnish electricity grid frequency stable at 50Hz. Sympower…

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4 founders explain the biggest hurdles to flattening the climate curve in 2021

The Next Web In this read from The Next Web our founder and CEO Simon, as well as the founders of Lightyear (long-range solar electric cars), Excess Materials Exchange (an exchange site for excess materials) and Hardt Hyperloop (high-speed transportation), explain the four biggest hurdles to flattening the climate curve in 2021. The biggest hurdles…

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Connect, unlock and start generating ‘green’ revenues with flexibility

Powering Flexibility to make a difference TThe transition of the global energy landscape is accelerating. The shift towards a carbon-free future not only requires us to adopt renewables, it requires us to use and control this power in a smarter way. We believe powering flexibility is key for a successful energy transition. Because the grid…

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The basics of power systems – 5 questions and answers

As we work to accelerate the energy transition, we make it important to share internal knowledge within our whole team to facilitate decision-making and to stimulate innovation. During our last knowledge sharing session, we went back to the basics to understand better how power systems work. Are you looking to refresh your knowledge about power…

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Demand response can help the EU become carbon neutral by 2050

The pressure on European countries to decarbonise recently increased even further, with the European Parliament giving its backing to a new, ambitious climate law. The ruling states that countries must cut greenhouse gas emissions by 60% compared to 1990 levels before 2030, plus achieve carbon neutral status by 2050. This vote sets the parliament’s position…

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How FCR became a sustainable win-win for a Swedish data centre

Swedish data centre and the energy transition? The growing use of renewable energy places new demands on the electricity system’s balance between electricity demand and supply, due to the intermittent nature of renewable energy resources. But through frequency regulation, electricity consumers can contribute to the stability of the power grid. Boden Type data centre Sympower…

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Simon on PV Magazine – Why the European Commission should support independent aggregators

Sympower and its competitors are playing a fundamental role in making electricity markets accessible, flexible and ready for the energy transition. Currently, the regulation is making this very difficult, policy-making is slow and traditional energy companies feel threatened by the business model of independent aggregators. To succeed, we need a coordinated European approach to help…

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Phoebus and Sympower collaborating to reduce demand peaks in Israel.

Israel has recently lifted its 2030 national renewable energy target from 17% to 30%. How are Sympower and PHOEBUS ENERGY supporting the Israeli grid in achieving this ambitious target? PHOEBUS ENERGY’s smart water heating solutions will be connected to our unique flexibility interface, which will allow to turn it off during demand peaks in Israel.…

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Dutch TSO enthusiastic about aFRR pilot

Amongst others, Sympower is taking part in a pilot organised by Dutch Transmission System Operator TenneT to explore how to open aFRR to independent, aggregated demand side resources. Sympower, as an independent aggregator, shows the benefits of the pilot by: – using a mobile network instead of hardware-oriented connection – allowing smaller decentral assets to…