We’re excited to announce that Sympower has raised €21.3 million in new funding. A&G Energy Transition Tech Fund led the funding, with support from the European Investment Fund and other investors, including Expon Capital.

With this new money, Sympower plans to grow its business, develop new energy storage solutions using batteries, and expand across Europe. Sympower already manages 2GW of flexible energy capacity.

Why This Funding is Important

The European Commission says that flexible energy use is crucial for a sustainable future. A recent report shows that using flexible energy solutions could save Europe €12 billion each year by 2050 in grid investments. Sympower’s work helps make energy use more flexible and efficient.

As Expon Capital, we’re proud to support Sympower as they work to improve Europe’s energy landscape.