IWB joins Sympheny
The Basel Industrial Works (IWB) is acquiring a 30 percent stake in Sympheny. The Zurich start-up has developed software for comparing energy solutions in buildings. IWB wants to use this knowledge when converting the energy supply.
IWB takes a 30 percent stake in Sympheny . The young company based in Dübendorf has developed software that can compare possible energy solutions for buildings in a matter of seconds. IWB wants to use the knowledge gained from this in its own planning for the climate-friendly conversion of the energy supply.
“Affordable climate protection requires optimized energy supplies,” IWB introduces a post on LinkedIn about joining Sympheny. According to him, the company for energy, water and telecommunications in the canton of Basel-Stadt wants to support the spin-off of the Federal Materials Testing and Research Institute ( Empa ) with the fresh capital in the further development of their software. IWB writes that they are looking forward to working more closely with Sympheny co-founders Andrew Bollinger, Matthias Sulzer, Boran Morvaj and Julien Marquant.
According to a report on startupticker.ch, the software from the young company, which was only founded in 2020, has already been used in more than 20 major planning projects. Sympheny’s customers include “energy suppliers and general contractors from all over Switzerland,” it says. The energy planning software developed by Sympheny simulates the energy system to be examined with a digital twin. Algorithms and standardized geographic information data (GIS data) can be used to simulate the production, storage and consumption of energy.