Sympower and Vattenfall renew partnership to provide Northern Europe with grid-balancing services
Demand-side response services help mitigate the challenges to a net-zero economy.
Amsterdam, 9 November 2021 – Sympower, a leading independent flexibility services provider, has extended its partnership for a further three years with the European energy utility giant – Vattenfall.
Working together with one of Europe’s largest producers and retailers of electricity and heat, the renewed contract allows Sympower to provide continued grid balancing services in the Swedish market, while opening up further markets in countries such as Denmark.
Commenting on the renewed partnership, Anders Tonhammar Lööf, Commercial Team Lead, Sympower said:
“Sympower is quickly establishing an enviable reputation as a world leader in smart grid technologies. Partnerships such as these allow Sympower to accelerate the global transition towards ‘net zero’ by helping to build smarter, cleaner renewable energy systems and deploy a wider range of lower-carbon grid-balancing services, such as demand-side response, across Europe and in other parts of the world.”
He continued:
“Demand response services can help mitigate rising costs by allowing energy-intensive users, such as large manufacturing and processing industries, to reduce their energy demand for short periods of time, whilst generating additional revenue streams.”
Henrik Juhlin, Head of Power Management, Vattenfall commented:
”Our extended partnership agreement with Sympower fits perfectly into our strategy with a long-term focus on customer flexibility, and to enable fossil-free living within one generation. This collaboration draws upon the strengths of Vattenfall. With our stability and market experience, combined with Sympower’s technical expertise and rapid response capabilities, we’re able to offer a market-leading service to our customers.“
Nordic demand response
Established in 2019, Sympower’s collaboration with Vattenfall has allowed the Dutch aggregator to build a large portfolio of customers in the Swedish Frequency Containment Reserve for Disturbances (FCR-D) market; enter the FFR market when it first opened in the region in 2020, and expand its Norwegian operations during the summer of 2021.
The FFR market was first introduced by transmission system operators (TSOs) across the Nordics in 2020 to handle low inertia situations on the electricity grid which became more frequent in Nordic-based power systems. FFR helps grid operators maintain a normal frequency range (50Hz) on the electricity network when sudden deviations occur, such as a sudden loss of power generation or a large influx of renewable energy.
The total FFR requirement in the Nordics has been assessed at 300MW, with Sympower and Vattenfall already controlling almost two-thirds of the total market. Specifically in Sweden, the new FFR market size is around 110 MW. Sympower and Vattenfall are managing almost 80 MW of this portfolio for Arctic Paper, Sweden’s leading manufacturer of fossil-free and innovative printing paper solutions, and Vattenfall Uppsala Heat, a local supplier of heating, steam and cooling.
Sympower is active in the Netherlands, Sweden, Finland, and Norway. It is expanding its global operations with energy companies and transmission system operators (TSOs) to deliver grid-balancing services to more countries soon, including Israel, Denmark, Spain, and Greece.
Sympower Contact:
Anders Tonhammar Lööf,
Commercial Team Lead, Sweden
e. anders.tonhammar.loof@sympower.net
t. +46 (0)7091 438 18
Other articles you might find interesting
-
News9 November 2021
Sympower acquires Flextools, strengthens its energy flexibility leadership position in the Nordics
Read more -
News9 November 2021
Sympower raises €21.3 million in oversubscribed funding round to broaden services and accelerate European expansion
Read more -
News9 November 2021
Optimus Energy and Sympower Bring Over 230 MW to Greece’s Balancing Market
Read more -
News9 November 2021
"The Greek Demand Response Market will be one of the most financially interesting in Europe." - Explaining Demand Response in Greece
Read more -
News9 November 2021
User-friendly Platform and Reduced Energy Costs: Outcomes of the Flex4Scale Project
Read more -
News9 November 2021
Heidelberg Materials Hellas and Sympower Optimise Greece’s Balancing Markets
Read more -
News9 November 2021
Sympower Selected to Join the EIC Scaling Club Network as One of Europe’s Highest-Potential Deep Tech Scale-Ups
Read more -
News9 November 2021
Smart Energy Solutions: scaling-up Sympower’s platform with the Flex4Scale project
Read more -
News9 November 2021
Electricity Market Design Reform - the Role of Demand Side Flexibility and Storage
Read more -
News9 November 2021
Sympower Goes Live In Greece’s Balancing Markets
Read more -
News9 November 2021
Cleaning Up Our Operational Waste: Sympower Goes Carbon Neutral
Read more -
News9 November 2021
Unlock a world of possibilities: partner with us for a sustainable future!
Read more -
News9 November 2021
Sympower partners with Israeli TSO to improve the stability of Israel’s electricity grid and help reduce CO2 emissions
Read more -
News9 November 2021
Demand-side attention for a successful energy transition? | Sympower in energypress.gr
Read more -
News9 November 2021
Accelerating the adoption of Demand Response in European markets
Read more -
News9 November 2021
AEB and Sympower to jointly develop an AI-based smart energy platform
Read more -
News9 November 2021
Phoebus and Sympower collaborating to reduce demand peaks in Israel.
Read more -
News9 November 2021
Dutch TSO enthusiastic about aFRR pilot
Read more -
News9 November 2021
Sympower and Vattenfall working together to power flexibility in the Swedish energy market
Read more