iwell, an energy tech firm based in Utrecht, has successfully raised €27 million in funding to enhance its energy management and battery storage systems. The funding round, led by Meridiam with participations from Invest-NL and Rabobank, will assist iwell in implementing its growth strategy and solidifying its market presence. The company's modular and software-based systems allow businesses to store energy when it's abundant and affordable, ultimately helping to lower costs and improve grid reliability. Significant players in sectors like logistics and manufacturing are already collaborating with iwell to facilitate their energy transitions.
"We are proud to support iwell in its ambitious development plan. It is clear to us that iwell has the potential to become a pan-European powerhouse, leveraging their demonstrated expertise in complex projects."
"Their innovative technology enables companies to actively drive the energy transition, while strengthening grid reliability and keeping energy affordable."
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