IWell

About IWell

IWell, a Dutch energy technology company established in 2016, is at the forefront of addressing Europe's growing grid congestion and energy security challenges. The company was founded by Jan Willem de Jong, Harm Welleweerd, and Vincent, who, as former university classmates, conceived the idea while on a bike ride, driven by the realization that energy storage was a critical, yet unaddressed, component of the renewable energy transition. Jan Willem de Jong, the current CEO, is a serial entrepreneur dedicated to the principle of "improve the world, start a company," focusing his efforts on transforming the European energy system from a centralized, fossil-fuel-based model to a localized, clean, and dynamic one.

The firm develops and delivers integrated, modular Battery Energy Storage Systems (BESS) and a proprietary Energy Management System (EMS) for the commercial and industrial (C&I) sector. This market is defined by clients in logistics, transport, manufacturing, and real estate who face operational limits due to grid capacity and volatile energy prices. IWell's business model is centered on providing these clients with the hardware and AI-driven software to store energy when it is abundant and inexpensive—typically from solar or wind sources—and deploy it during peak demand and high-cost periods. This strategy not only reduces energy costs for clients but also maximizes the on-site use of renewables and strengthens grid stability. Revenue is generated through the sale and implementation of these smart energy systems, which turn a client's energy problem into a viable business case.

IWell's core product offering is an intelligent combination of physical battery assets and sophisticated software. The BESS solutions are modular, allowing for scalability, while the in-house developed EMS acts as the system's brain, orchestrating energy flows in real-time. Key features of the EMS include AI-driven optimization to lower costs, a modular architecture, and the ability to connect to energy markets for automated trading via APIs. This comprehensive system controls various on-site assets like solar panels, EV chargers, and generators, ensuring seamless operation and financial return. The company emphasizes that without its smart EMS, a battery is merely a costly box with limited value. Having successfully raised €27 million in a 2025 funding round led by Meridiam, Invest-NL, and Rabobank, IWell is accelerating its international expansion, particularly into Germany and the UK, to address the pressing need for smart energy solutions across Europe.