23 Sep PGGM invests €19 million in Sympower to accelerate European energy flexibility
Sympower has raised €19 million from Dutch pension investor PGGM, acting on behalf of PFZW, bringing its Series B1 funding round to €42 million. The capital will accelerate the rollout of Sympower’s battery storage (BESS) optimisation solutions and support future mergers and acquisitions.
Why This Investment Matters
With 2.7 GW of flexible assets under management, Sympower is a leader in European energy flexibility. PGGM’s backing strengthens Sympower’s position in scaling battery storage across Europe, including recent projects in the Nordics and new rollouts in Greece.
Key Benefits for the Energy Transition
This partnership enhances Sympower’s ability to stabilise electricity grids, integrate renewables, and build resilient infrastructure. Customers and partners will benefit from expanded services and faster deployment of BESS projects across multiple markets.
This move marks the next phase of Sympower’s growth, focused on scale, strategic M&A, and deeper integration of flexibility services across Europe. Visit their website for the full announcement.