The Netherlands is facing a major energy dilemma. As renewable energy now powers nearly 40% of the country’s electricity, the grid is buckling under the pressure. This rapid growth has triggered severe grid congestion, forcing energy curtailment and leaving over 12,000 companies waiting for grid access. This issue isn’t just local—it reflects a growing challenge across Europe. Enter iwell, a Utrecht-based startup offering smart energy storage solutions.
Their technology combines modular battery systems with intelligent software to store excess green energy and release it during high-demand periods. This smart storage helps stabilize the grid, reduce energy waste, and lower electricity bills.
Today, iwell closed a €27 million funding round led by Meridiam, with Invest-NL and Rabobank joining alongside existing investors. The funds will power iwell’s growth, with expansion plans targeting Germany and the UK. Offices in Düsseldorf and Gent are already established, with a UK launch planned for April 2025. The company’s €100 million project pipeline shows strong market traction.
Jan Willem de Jong, CEO and founder, shared: “This investment accelerates our mission to create a pan-European energy powerhouse. It’s all about energy independence. We aim to make the cleanest kilowatt-hour also the cheapest.”
Beyond expansion, the funding will also strengthen iwell’s software, data analytics, and AI capabilities—essential tools in managing today’s volatile energy environment.
How iwell’s Smart Solutions Work
iwell tackles grid congestion with intelligent battery storage systems. Their EMS (energy management software) stores power when it’s clean and cheap—usually from solar energy—and delivers it when demand and prices spike. This approach supports self-sufficiency while easing pressure on the grid.
The platform uses AI to analyze real-time data, forecast weather, and monitor market prices. This enables optimal battery usage and opens up revenue from energy trading and grid services. As a result, clients can cut energy costs by up to 30% and shrink their carbon footprint by 2,600 tonnes annually per project.
Jan Willem de Jong explained: “There are so many ways to earn from a battery. But to do it right, you need smart EMS. Without it, a battery is just a costly investment with limited return.”
iwell’s technology is already powering logistics, manufacturing, and transport operations—sectors where power reliability is mission-critical. A standout partnership is with DAF Trucks, which is using iwell’s solutions to help European clients adopt electric fleets without grid limitations.
Real-time monitoring and intelligent controls allow users to manage energy more efficiently. More importantly, they empower companies to contribute actively to the clean energy transition.
Strategic Backing for a Flexible Grid Future
Europe’s electricity demand is projected to rise by 25% by 2030, driven by transport electrification, AI, and data centers. As grids grow more decentralized, iwell’s role in creating a flexible, secure, and green energy system is vital.
David Tuohy, Chairman of the Supervisory Board, said: “The future grid must be decarbonised and decentralised. Solutions like iwell’s are not just helpful—they are essential.”
Eric Rey, Managing Director at Meridiam, added: “iwell’s expertise in smart grid projects makes it a strong candidate to lead Europe’s clean electrification efforts.”
Wouter van Westenbrugge from Invest-NL concluded: “iwell’s innovative platform enhances energy flexibility and affordability. Their work supports a climate-neutral economy and resilient infrastructure.”
With strong investor backing, advanced technology, and clear market need, iwell is poised to lead Europe into a smarter, cleaner energy future.
