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Fast and versatile real-time balancing of electricity demand flexibility: shaping a clean and levelled power grid in Europe

Objective

Our solution prepares the electricity grid for a 100% renewable future. It manages the power consumption of connected electric devices in real-time to ensure that electricity supply and demand remain closely matched. This is achieved by temporarily curtailing, advancing, or postponing the electricity usage of these devices depending on the availability of electricity in the grid. Importantly, by using relatively simple and low-cost hardware to integrate the devices into a large network that is driven by our powerful cloud-based intelligent software platform, our technology can (cost)effectively control large and diverse networks of electric devices, even those with relatively low power consumption (down to 10kW). The owners of these electrical devices in turn get paid for contributing to grid stability. As our solution will exist of a modular framework it allows rapid expansion to different flexibility products and adjustment to national technical and regulatory requirements in Europe.

Coordinator

SYMPOWER BV
Net EU contribution
€ 1 968 247,75
Address
Prins Hendrikkade 183
1011 TD Amsterdam
Netherlands

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Region
West-Nederland Noord-Holland Groot-Amsterdam
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 843 534,75

Participants (3)

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SYMPOWER OY
Finland
Net EU contribution
€ 112 775,25
Address
Lemminkaisenkatu 14-18 A
20520 Turku

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Manner-Suomi Etelä-Suomi Varsinais-Suomi
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 48 332,25
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SYMPOWER NEDERLAND B.V.
Netherlands
Net EU contribution
€ 112 775,25
Address
Prins Hendrikkade 183
1011TD Amsterdam

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
West-Nederland Noord-Holland Groot-Amsterdam
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 48 332,25
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SYMPOWER SWEDEN AB
Sweden
Net EU contribution
€ 112 775,25
Address
Blekholmtorget 30f C/o United Space
111 64 Stockholm

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Östra Sverige Stockholm Stockholms län
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 48 332,25