Dutch startup Sympower secures €21M to balance out the energy grid

Quick Summary:

It gains access to some of their energy assets and can turn them on and off when the grid requires balancing — a process called demand response.

Amsterdam-based startup Sympower has secured €21mn as it looks to scale its grid-balancing technology.

Sympower partners with businesses that use a large amount of electricity.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsSouth Africa

Topics: Insider Sustainability Investors and funding Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 06:45:20 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 23581382

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About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 2 days ago

Coverage Areas: Netherlands

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Publisher ID: #13

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