Leading European aggregator of energy resources for demand-response
Sympower is an Amsterdam-based energy load aggregation platform that helps commercial and industrial facilities monetize their energy assets, such as HVAC, batteries, generators, and pumps, through grid services. A mission-driven, zero-emission organization and certified B-Corp, Sympower offers grid operators a low-cost, carbon-free alternative to fossil fuel generation that leverages existing demand-side assets as grid balancing resources to support the transition to a reliable, resilient, and decarbonized electric grid of the future.
As we rapidly decarbonize our electrical infrastructure and shift away from fossil fuel generation, it is increasingly challenging for grid operators to manage the reliability of the grid. Traditionally, frequency regulation services are supplied by large power plants, such as natural gas or hydropower generators that can quickly ramp up or down to fill the need. Low-cost, carbon-free flexibility resources will be critical components of a successful energy transition, and we expect spending on these balancing services to dramatically increase going forward.
Details
Anup Jacob
Managing Partner
Anup has been investing for over 20 years in energy, water, and industrial technology businesses.
Prior to co-founding Activate, Anup was a founder and partner at Mubadala Capital, an Abu Dhabi sovereign wealth fund; a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments; a Co-founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group; and a Partner at TPG-Aqua where he focused on investments in the water sector.
Anup is on the non-profit board of Grid Alternatives, which aims to bring renewable energy to low-income homeowners, and is a Founding Member of the Advisory Board of the Energy Policy Institute (EPIC) at the University of Chicago.
Anup holds a degree in Economics, with honors, from the University of Chicago.
Eric Meyer
Partner
Eric helps drive the firm’s investment strategy in the energy transition with a focus on distribution generation, demand side flexibility, and the smart grid.
Prior to joining Activate, Eric spent several years investing in public equities while at ValueAct Capital, a $10 billion activist hedge fund, where he covered several sectors including energy and industrials. Eric began his career as a business analyst at McKinsey & Company in their Silicon Valley office.
Eric holds a bachelor’s degree in chemistry from Yale University and an MBA from the Wharton School of the University of Pennsylvania, where he graduated as a Palmer Scholar.
Highlights
of flexible distributed energy resources under management
tons of CO2e avoided via company operations
