Utrechot-based power technology company IwellDeveloper of Smart Energy Management (EMS) and Battery Storage System (BSES), successfully stopped funding a $ 27 million fund.
The Meridium, led by this round, participated in the investment-NL and Rabobank as well as existing investors.
Jan Wilem de JongFounder and CEO of Iwell commented: “This landmark investment fuels our ambitions to create a Pan-European Power House. Energy freedom was not much more relevant to our continent. It is to strengthen energy protection for European business and to ensure that the Clenest KWHO will be the cheapest.
“Our experience in both software and hardware, our AI-powered energy platform, international track records and business cases for more than 400 partners forms our success.
“Due to the extended part of the non-condensable renewable generation, electricity grids are already under pressure in many markets. Heat and transportation simply creates challenges expecting electricity to be accelerated only due to the growth of AI and data centers.”
Established in 2016, IWell is developing modular, software-powered energy management system (EMS) and battery energy storage systems (BESS) solutions for the commercial and industrial (C&I) sectors.
Iwell’s intelligent systems are clean and cheap – such as solar energy – save energy and deploy it when demand and expenses are at the top. It reduces the energy bills, reduces the strain on the grid and makes the use of renewable sites.
With this investment, the Iwell will be able to accelerate its growth and international expansion, primarily in high-potential markets like Germany and the United Kingdom-the regions that are crowded by the IWell and face increasing demand for smart power solution.
David TuhiChairman of the Supervisory Board commented: “People often underestimate the complexity of energy change. The future will be decorated and decentralized. It is not only possible without smart storage solutions like Iwell. We are thrilled to come to the Meridium and Invest-NL board.
According to the IWell, in the Netherlands alone, 12,000 companies are currently waiting for the grid connection, refers to the urgent and scale of challenges across Europe.
Iwell solutions are relevant to sectors where a stable power supply is mission-critical such as logistic, transportation and production. For example, DAF trucks have been parted with the IWell to supply customers to invest in the electrification of their fleet in the main e-truck markets in Europe.
Iwell has already established offices in Belgium, Germany and the UK. The new fund will enable these beachhead positions significantly to the company based on the top position and experience of the Netherlands.
D jung Associated: “In a world where the price raising the unrest, the unexpected demand and the growing part of the renewant have become ideal, intelligent controls are the main issues for optimizing energy flow. Mart is not enough to put hardware lights alone
In addition to international expansion, a significant portion of the fund will be invested in software development, data-analysis and AI capacity. This is the key to maintaining the top position in the market of Iwell.
Eric rayManaging Director of Green Impact Growth Fund (GIGF of Meridium says: “We are proud to support Iwell in its ambitious development plan. It is clear to us that IWell is likely to become a Pan-European power house by gaining their skills in complex projects. Meridium continues to support a sustainable electrification path in Europe after several investment for several investments across the smart grid value chain.
Wouter van WestedbrugSenior Investment Manager in Invest-NL says: “Iwell plays a key role in creating a more flexible and future-proof energy system. Their innovative technology enables agencies to actively transfer energy while strengthening the reliability of the grid and keeping energy-efficient.”
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