Skip to main content

Sympower

Sympower is an energy load aggregator that helps commercial and industrial facilities monetize their energy assets, such as HVAC, batteries, generators, and pumps, through grid services.

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

Location
Amsterdam, Netherlands
Focus Area
Clean Energy
Activate Team
Back

Anup Jacob

Managing Partner

Anup has been investing over 20 years in energy, water and industrial technology businesses. He has served on multiple private and public company boards and chaired audit and compensation committees.

Prior to co-founding Activate, Anup was a founder and partner at several private equity firms including Mubadala Capital, an Abu Dhabi sovereign wealth fund. Prior to Mubadala, he was a Managing Partner at Masdar, a subsidiary of Mubadala focused on sustainable investments advancing renewable energy globally. From 2007 to 2013, Anup was a Co-Founder and Partner at Virgin Green Fund, the green investment vehicle for Richard Branson’s Virgin Group, a growth equity firm investing in the renewable energy and resource efficiency sectors. From 1999 to 2007 Anup was a Partner at TPG-Aqua where he focused on investments in the water sector. Throughout his career, Anup has served on several company boards including Stem (NYSE: STEM), Volta (NYSE: VLTA) and current investments Boosted, Passport Labs and PosiGen.

Anup has served at a national judge for the E&Y Entrepreneur of the Year Awards, the Financial Times/Just Means Social Innovations Awards, Zayed Future Energy Prize, the MIT Clean Energy Prize and has been a keynote speaker at several conferences including the Norwegian Govt Enova Initiative, California’s BlueTech Valley and for MBA students at Yale SOM & MIT.

Anup holds a degree in Economics, with honors, from the University of Chicago and is also 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 at the University of Chicago. In his free time, Anup enjoys running with his dog, surfing and Burning Man.

Back

Eric Meyer

Principal

Eric is a Principal at Activate, where he focuses on deal sourcing, due diligence, execution and supporting portfolio companies post-investment. He is a Board Observer at portfolio companies Voltus, Omnidian, PosiGen, Fictiv, Parsable and Element Analytics.

Prior to joining Activate, Eric was an Associate at ValueAct Capital, an activist hedge fund, where he covered investment ideas spanning 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 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. In his free time, Eric enjoys the combination of fresh air and healthy middle-aged competition by playing soccer and golfing during the summer and skiing in the winter.

Back

Evan Friedman

Senior Associate

Evan is a Senior Associate on the Activate team, where he supports all parts of the investment process.

Prior to joining Activate, Evan was an Equity Research Analyst at Barclays in New York City, where he published research on emergent energy transition technologies and public companies across the Power & Utilities sector. Evan also has experience working with music and healthtech startups through the Nashville Entrepreneur Center.

Evan holds degrees in Economics and Human & Organizational Development, with honors, from Vanderbilt University. In his free time, Evan enjoys scuba diving, wildlife photography, cooking and watching nature documentaries.

Learn More

Highlights

900+ MW

of flexible distributed energy resources under management

119,614

tons of CO2e avoided via company operations