Synergy
Category: AI in Climate / Energy
An AI-driven energy tech startup that specializes in Virtual Power Plant (VPP) platforms and energy management systems (xEMS) to optimize grid efficiency and maximize energy-saving rewards. Synergy was founded in 2019. The company is led by Kwon-young Jang. Based in Ulsan, South Korea. Team size: 10-50. Total funding raised: $9.48M. Latest round: Series A ($7.41M, Oct 2024). Key investors include TS Investment, GS Ventures, Hanwha Investment & Securities, BSK Investment, K2 Investment Partners, Korea Asset Investment Securities.
- Founded
- 2019
- Headquarters
- Ulsan, South Korea
- Team size
- 10-50
- Total funding
- $9.48M
Value proposition
Maximizes energy efficiency and generates new revenue streams by integrating fragmented energy resources into a virtual grid, reducing peak power consumption and optimizing battery usage through AI.
Products and solutions
SNGY-VPP: An AI-integrated Virtual Power Plant platform for power trading and grid stabilization., SNGY-EMS: A cloud-based Energy Management System for real-time monitoring and power usage optimization., Demand Response (DR) Services: A platform that rewards users for reducing electricity consumption during peak hours., ESS Optimization: Proprietary charge/discharge algorithms that maximize the lifecycle and efficiency of Energy Storage Systems., Renewable Energy EPC: Development and management of solar power plants and polymer electrolyte membrane (PEM) fuel cell stations.
Unique value
Founded by Kwon-young Jang, a 'Certified Master Craftsman in Electricity' and 'Star Technician of Korea,' the company uniquely bridges high-level technical electrical engineering with advanced AI and IT infrastructure.
Target customer
Industrial and commercial energy consumers, renewable energy power plant operators, data center providers, and public utility companies.
Industries served
Energy & Utilities, Climate Tech, Smart Grid, Manufacturing & Industrial, Data Centers
Technology advantage
Maintains a competitive edge through proprietary AI algorithms for demand forecasting and ESS control; recently expanded into the global modular data center (MDC) market with power optimization solutions.
How they differentiate
Synergy differentiates itself through a 'Deep-tech' approach that bridges hardware electrical engineering and AI. Founded by a 'Star Technician of Korea' (Certified Master Craftsman), the company excels in high-efficiency hardware-software integration for Modular Data Centers (MDC) and fuel cell power plants, whereas competitors like 60Hertz focus primarily on cloud-native VPP software and renewable maps.
Main competitors
60Hertz (식스티헤르츠), H Energy (H에너지), GridWiz (그리드위즈)
Key partnerships
Lumcloon Energy (Ireland): Partnership for 1MW scale modular data center power optimization., Korea Electric Power Corporation (KEPCO): Collaborative agreement for Energy Valley business and VPP platform services., Strategic Investors: GS Ventures, Hanwha Investment & Securities, TS Investment, and a US VC (joined 2025)., Plug and Play Silicon Valley: Established office within global accelerator for US market entry (2025).
Notable customers
Lumcloon Energy (Ireland), KEPCO (Korea Electric Power Corporation), Industrial energy consumers in Ulsan and Gyeonggi, Major steel company (large-scale ESS-DR customer), Global home appliance company (large-scale ESS-DR customer), Global materials company (large-scale ESS-DR customer), Hyundai Motor Alabama plant (CVR PoC)
Major milestones
Series A investment of 10 Billion KRW closed in Oct 2024, 1MW scale Modular Data Center power optimization partnership with Lumcloon Energy in Ireland (2024), CEO Kwon-young Jang selected as 'Star Technician of Korea' by the Ministry of Employment and Labor, Registered as a 'Renewable Energy Supply Business' and obtained Cloud Service certification (2022), US VC joined as shareholder in 2025, expanding global foundation (Nov 2025), Selected for Ministry of SMEs and Startups' 2026 Deep-Tech Innovation Startup Project (DIPS) in Energy sector (Apr 2026)
Growth metrics
Achieved a 3.5x valuation increase from Pre-Series A to Series A; Achieved operating profit breakeven in 2023; Recorded KRW 8.9B revenue and KRW 600M operating profit in 2024; Successfully expanded into European modular data center market and US market with Silicon Valley office.
Market positioning
Technical leader in industrial-grade Energy AI and Virtual Power Plant (VPP) solutions for high-demand sectors like data centers.
Geographic focus
South Korea, Ireland (Europe), United States (Silicon Valley office established 2025, US entity formed Jan 2026), and North America
Patents and IP
Holds a significant IP portfolio with 69 registered patents and more than 80 applications focused on energy management, power electronics, and VPP orchestration.
About Kwon-young Jang
Kwon-young Jang is a distinguished electrical engineering expert with over 20 years of experience. He is a 'Certified Master Craftsman in Electricity' and was honored as a 'Star Technician of Korea.' Before founding Synergy, he served as a Director at the Korean Institute of Electrical Engineers and as Business Division Head at GridWiz (그리즈위드). He has received commendations from the Minister of Trade, Industry and Energy and the Minister of SMEs and Startups. He holds an MBA from Kyung Hee University and has applied for over 80 patents in energy management and power electronics.
Official website: https://sngy.io/