Meridiam-led investors consortium, with Invest-NL participating as co-investor alongside existing investors, invested €27 million in Utrecht-based energy tech company iwell, a developer of smart energy management (EMS) and battery storage systems (BESS).

This investment will enable iwell to accelerate its growth and international expansion, initially focusing on high-potential markets such as Germany and the UK—regions facing increasing grid congestion and rising demand for smart energy solutions. In the Netherlands alone, 12,000 companies are currently waiting for a grid connection (source: Landelijk Actieprogramma Netcongestie), underscoring the urgency and scale of the challenge across Europe.

iwell is a pioneering company in developing modular, software-driven Energy Management System (EMS) and Battery Energy Storage Systems (BESS) solutions for the commercial and industrial (C&I) sector. 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 maximizes on-site use of renewables.

iwell’s solutions are particularly relevant for sectors where a stable power supply is mission-critical, such as logistics, transportation, and manufacturing. For example, DAF Trucks has partnered with iwell to offer customers in Europe’s key e-truck markets to invest in the electrification of their fleets—even in the face of current and future challenges in the energy sector.