Sympower wrapped up a subsidised research project focussed on finding the opportunities of load balancing with heating, ventilation and air conditioning (HVAC) systems in households. The subsidy was provided by the province of North Holland.
Sympower, along with grid operator Enexis, participates in Interflex H2020 program, a 23 million € project initiated by the European Commission to explore pathways to adapt and mondernise the electric distribution system.
Sympower has raised one million euros from angel investors and investment fund Enfuro Ventures. The capital will fund the international scale-up of it's electricity grid balancing software platform following earlier successful implementation.