Sympower, a Dutch independent flexibility services provider, has secured €19 million in funding to further roll out its battery storage (BESS) optimisation solutions and purse additional M&As – this is an extension of Sympower’s Series B1 funding, bringing the total round to €42 million.
This investment comes from pension investor PGGM, investing on behalf of PFZW, the Dutch healthcare pension scheme. Sympower is also supported by other impact investors, including A&G Energy Transition Tech Fund, Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital.
“This strategic investment allows us to unlock the next phase of our BESS vision and unlock new acquisition opportunities to strengthen our offering,” explained Simon Bushell, Founder and CEO of Sympower. “Having PGGM on board is a powerful vote of confidence from one of Europe’s most respected institutional investors. Their long-term, impact-driven investment approach is deeply aligned with our mission to build a more sustainable and resilient energy system.”
Sympower aims to accelerate Europe’s transition towards a climate-neutral future by helping to build smarter, cleaner, renewable energy systems. The company’s platform, built from the ground up, reportedly balances the supply and demand of electricity across European energy networks.
Founded in 2015, Sympower has over 200 employees active in more than ten countries and manages over 2.7 GW of flexible distributed energy assets. The company counts with a portfolio of over 170 industrial and commercial customers, who operate in a wide range of energy-intensive industries, including paper and pulp, greenhouse, data centres and wood mills, allowing us to unlock the flexibility of electrical assets and processes.
This latest investment marks a pivotal step in scaling the company’s presence in BESS, expanding its acquisition pipeline, and advancing its pan-European growth. The funding will enable Sympower to build on its track record with grid-scale battery projects in Sweden and Finland and extend its capabilities to play a central role in Europe’s evolving flexibility ecosystem.
Sympower currently manages over 0.5GW of battery energy storage assets in the Nordics, and has recently announced the rollout of its BESS optimisation services in Greece.
”Sympower has a highly skilled team that has built a leading flexibility platform. Our investment will contribute to the next phase of the company’s growth and into new markets. This investment in Sympower fits very well with the Climate and Energy Transition Solutions (CETS) mandate given to us by Pensioenfonds Zorg en Welzijn (PFZW),” said Tim van den Brule, investment director at PGGM Infrastructure.
He added: “We expect Sympower to contribute to good returns for the benefit of PFZW participants and enable further incorporation of renewable resources in the electricity mix.”
PGGM will join Sympower’s Supervisory Board to help steer the company’s long-term strategic growth and strengthen its governance.
“The next chapter for Sympower is all about scale: strategic M&A, deeper BESS integration, and new markets,” added Bushell. “This round gives us the capital and the confidence to accelerate, and with PGGM by our side, we’re better positioned than ever to help Europe build a cleaner, smarter energy system.”
Read the orginal article: https://www.eu-startups.com/2025/09/amsterdams-sympower-raises-additional-e42-million-funding-to-drive-europes-energy-transition/
