WellStat

About the company

WellStat is a US-based PropTech company that grew out of almost two decades of work in energy analytics and smart monitoring before becoming a standalone platform. In January 2025 it acquired Hertfordshire-based Iknaia and its Airscan monitors, and the combined business reports more than 450 million square feet under management across over 1,250 sites.

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What do they do?

WellStat position themselves as a building intelligence company. Their energy management platform brings together real-time consumption data, BMS connectivity, sub-metering, demand response and tenant billing, so property teams can find waste, recover utility costs fairly and reduce peak demand charges.

• What it does: Energy management with demand response, sub-metering and tenant billing.
• Integration: Connects to the BMS and to IoT devices across a building.
• Data and reporting: Real-time insights, customisable alerts and portfolio-wide reporting.

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WellStat suits owners and operators of commercial, healthcare and education portfolios who want energy cost, carbon and tenant recharging in one place. WellStat is also listed under Indoor Air Quality, for its WellStat Air and Airscan monitors.