A €27 million funding will boost the development of modular smart battery energy storage systems, including advanced AI-driven software for managing energy supply developed by iwell. The Utrecht-based Dutch company received the investment from a group of European investors.
The investment round was led by Meridiam, a Paris-based global investment company, specialised in the development, financing, and long-term management of sustainable public infrastructure in three core sectors: sustainable mobility, critical public services and innovative low carbon solution. Other parties were Invest-NL and Rabobank.
The recent incidents in Spain and Portugal underline the importance of preventing increasing grid congestion and meeting the rising demand for smart energy solutions. In the Netherlands alone, 12,000 companies are currently waiting for a grid connection (source: Landelijk Actieprogramma Netcongestie).
With this investment, iwell will be able to accelerate its growth and international expansion, initially focusing on high-potential markets such as Germany and the UK. iwell’s intelligent systems store energy when it’s clean and cheap—such as solar power—and deploy it when demand and costs peak. This lowers energy bills, reduces strain on the grid, and maximises on-site use of renewables.
Jan Willem de Jong, founder and CEO of iwell, commented: “This landmark investment fuels our ambition to build a pan-European powerhouse. It’s all about reinforcing energy security for European businesses and simultaneously making sure the cleanest kWh will also be the cheapest. Electrification of heat and transport creates challenges with the power demand only expected to accelerate due to the growth of AI and data centers.”
Wouter van Westenbrugge, senior investment manager at Invest-NL, stated: “iwell plays a key role in building a more flexible and future-proof energy system. Their innovative technology enables companies to actively drive the energy transition, while strengthening grid reliability and keeping energy affordable.”
