Amsterdam-Based Sympower Secures €42M To Advance Europe’s Energy Transition

The investment is led by pension investor PGGM on behalf of PFZW, the Dutch healthcare pension scheme, with support from 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."

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Sympower is driving Europe’s shift toward a climate-neutral future by enabling smarter, cleaner renewable energy systems. Its platform balances electricity supply and demand across European networks.

Founded in 2015, Sympower employs over 200 people across ten+ countries and manages 2.7 GW of flexible distributed energy assets. Its 170+ industrial and commercial customers span energy-intensive sectors such as paper and pulp, greenhouses, data centres and wood mills, unlocking flexibility in electrical assets and processes.

The latest funding supports scaling Sympower’s battery storage (BESS) solutions expanding its acquisition pipeline and advancing pan-European growth. It will build on grid-scale battery projects in Sweden and Finland while strengthening its role in Europe’s flexibility ecosystem.

Currently, Sympower manages 0.5 GW of BESS assets in the Nordics and is rolling out its 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 guide the company’s long-term strategic growth and enhance 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."

About Sympower

Sympower accelerates Europe’s shift to a climate-neutral future by providing flexibility services for smarter, renewable energy systems. Managing over 2.5 GW of energy assets, the company offers BESS optimisation, demand response, and renewable energy solutions, helping industrial and commercial customers across Europe unlock value and generate long-term revenue from their energy resources.