€27m to expand European AI smart battery tech

Capalo AI optimizes the use of batteries and trades the energy they store. This has a major impact on security of supply and the entire electricity system, says the CEO.

€27m to expand European AI smart battery tech

Dutch energy technology company iwell has raised €27m to expand the roll out of smart battery storage systems across the UK and Germany. The funding round was led by Meridiam, with Invest-NL and Rabobank participating alongside existing investors. The company, based in Utrecht, is targeting the UK and Germany which have increasing grid congestion and […] The post €27m to expand European AI smart battery tech appeared first on eeNews Europe.

Dutch energy tech firm iwell closes €27M funding

Utrecht-based iwell, an energy tech company developing energy management and battery storage systems, has closed a €27M funding round.  The round was led by Meridiam, with Invest-NL and Rabobank also participating. Existing investors took part as well. Meridiam, through its Green Impact Growth Fund (GIGF), and Invest-NL will support iwell’s management in carrying out its expansion strategy and building its market position. Eric Rey, MD of GIGF a…

05:30 Thanks to a capital round of 27 million euros, the Dutch specialist in battery storage Iwell is accelerating its expansion in Europe. In our country, the company dreams of market leadership.