Stadskanaal / Hengelo / Bodegraven, December 10 2024 – Our portfolio companies Hybrid Power Units, Generatoren Nederland, and SmartGrid have decided to combine their forces and move forward under the joint name SmartGrid. This step allows the business combination to respond to the growing demand for system integration and market requirements, positioning the new SmartGrid more strongly to serve customers even better.

The merger of the three companies marks an important strategic development for Hybrid Power Units, Generatoren Nederland, and SmartGrid. By working together as one organization, knowledge, experience, and innovations can be combined, enabling a better response to the growing demand for system integration.

Under the name SmartGrid, the companies are not only combining their forces, but also strengthening their offering of high-quality energy systems and power solutions across various markets. The energy transition is crucial in addressing climate change and ensuring a sustainable future for generations to come. Batteries are a key success factor in this energy transition.

Joep de Ruyter, CEO of SmartGrid : “We are proud to announce that a significant part of our activities will continue under the SmartGrid banner. After the recent merger of Hybrid Power Units, Generatoren Nederland, and SmartGrid, the time has now come to present ourselves more clearly to the public. SmartGrid perfectly reflects the core of the solutions we provide to our customers.”

Customers can rely on the same quality and service they are accustomed to, now with the added benefits of a broader portfolio, innovative technologies, and an even greater focus on system integration, where the added value of advanced software can be realized. This significantly strengthens SmartGrid’s market position in a sector that increasingly demands higher energy capacities and smart management systems.

Investment firm Holland Capital has been involved as a shareholder since April 2024. They actively support the management in the strategic development of the company and aim to help accelerate its growth.

About Smart Grid

Founded in 2019, SmartGrid is an engineering and software development company specializing in battery-based high-voltage solutions for the off-grid market. The company has developed its own software platform, which allows remote management of the batteries. SmartGrid offers a range of battery solutions designed to meet various energy capacity needs. www.smartgrid.com

About Hybrid Power Units

Hybrid Power Units (founded in 2021) originated from a broader emergency power supplier and specializes in battery systems deployed in both off-grid and on-grid markets. Applications include markets such as temporary housing, construction & infrastructure, and Energy Storage Systems (ESS). www.hybridpowerunits.nl

About Holland Capital

Holland Capital has been responsibly and successfully investing in promising Dutch and German SMEs with growth ambitions for over 40 years. The team understands entrepreneurship and strives for an open, sustainable, and professional relationship with the management teams of the companies they invest in, with the common goal of realizing growth. Holland Capital has offices in Amsterdam and Düsseldorf. With specialized sector teams, it focuses on the Healthcare, Technology, and Agrifood-Tech sectors. They understand the dynamics and opportunities, and have an extensive network in these sectors.