Sympower, an Amsterdam, the Netherlands-based flexibility providers supplier specialising in demand response and BESS, acquired Flextools, a Norway-based flexibility expertise supplier.
The quantity of the deal was not disclosed.
By this acquisition, Sympower and Flextools will mix their business experience, applied sciences, and groups to raised serve their in depth portfolio spanning the Nordics, Greece, and the Netherlands.
Led by CEO Victoria Fearnley Landmark, Flextools is a expertise supplier of superior {hardware} and software program options, used to steadiness energy grids and ship advantages throughout the pliability worth chain. Its Software program-as-a-Service (SaaS) platform supplies entry to demand response and balancing providers to vitality corporations and asset homeowners, enabling them to take part independently.
Flextools has 19 staff and is headquartered in Oslo, Norway with places of work in Stockholm and Uppsala, Sweden.
Led by CEO and Founder Simon Bushell, Sympower affords a platform that gives demand response providers to business and industrial companies, enabling them to earn income to steadiness the grid by quickly adjusting the consumption of their energy-intensive tools. It has additionally just lately introduced the roll-out of flexibility options for Battery Power Storage Techniques (BESS) and is increasing its flexibility providers to photo voltaic and wind corporations.
Based in 2015, the corporate has over 220 staff energetic in ten nations.
FinSMEs
10/12/2024
