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Sympower

Early Stage Startup





Tagline

Demand response with household appliances.



Elevator Pitch

Sympower is a cloud-based aggregation platform for smart energy things. We connect together smart energy things (radiators, ACs, water heaters) and make their combined flexibility available to the electricity transmission system operators for real-time grid balancing.

Product

Sympower is a software as a service solution for existing smart energy things. With a simple API integration, we enable smart home and appliance companies and owner households to earn extra revenue from electricity grids. Our software platform is open to all smart home providers to connect to.

We provide the link between the transmission system operator and the smart home, enabling the smart home to earn revenue from grid balancing.


Why we are ecofriendly

Our technology reduces energy consumption during peak hours and allows existing power plants to operate more efficiently. It therefore significantly lowers carbon emissions.

For example in Finland we aim for a 30% market share by 2020 - these 500,000 devices would save around 500,000 tonnes of carbon dioxide per year. This is equivalent to 5% of the total Finnish target for reducing carbon emissions by 2020. Similar savings could be made across the European Union and the world.

More importantly, due to the non-dispatchable nature of renewables, solutions like Sympower are absolutely essential for increasing the amount of renewable energy that is used. We can match when appliances use electricity to when renewable energy is being generated, the cheapest and easiest route to a low carbon future.


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Version History

2016-04-22 15:40:31 - changed investors to 'Rockstart'

2016-04-22 15:04:32 - changed capitalraised to 'Rockstart Smart Energy Accelerator 2016'

2016-04-22 15:04:14 - changed fundraising to 'Raising seed round in Q3 2016'

2016-04-22 15:03:59 - changed productpitch to 'Sympower is a software as a service solution for existing smart energy things. With a simple API integration, we...'

2016-04-22 14:59:35 - changed ecopitch to 'Our technology reduces energy consumption during peak hours and allows existing power plants to operate more...'



Website



Fundraising

Raising seed round in Q3 2016

Capital Raised

Rockstart Smart Energy Accelerator 2016

Grants Raised

Climate-KIC Accelerator Programme - Estonia - Amount TBC


Investors

Rockstart





Awards

1st prize at Climate-KIC Acceleration Programme Estonian National Final
1st prize at Climate-KIC ClimateLaunchpad Estonian National Final
Audience Favourite at Climate-KIC ClimateLaunchpad Estonian National Final

Request for Mentors

Sector experts, hardware, general business advisory

Country of Origin

Estonia

Founded

June 2015

Twitter

twitter.com/sympowerltd

Facebook

facebook.com/sympowerltd

Team

Simon Bushell - CEO and Co-founder
Georg Rute - CTO and Co-founder

Contact Person

Simon Bushell - simon [at] sympower [dot] net

Headquarter

Ravala 11-16
Tallinn
Estonia

Tags

Demand response, frequency reserve, virtual power plant, renewable energy, intermittency, smart grid, internet of things, aggregator, household appliances.