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U.K.-based Axle Energy is a B2B, back-end infrastructure business.
It’s focused on connecting flexible assets, such as electric vehicles, home batteries and heat pumps, to energy markets that aren’t otherwise available for consumers to dip into.
Users can be rewarded for balancing the volatility of wind and solar energy.
Axle says it’s connected more than 15,000 flexible assets to energy markets, totalling over 85 MW of capacity.
Partner asset manufacturers include the likes of SolarEdge , myenergi, Pod Point and GivEnergy .
By the end of the year , Axle should be able to offer end users savings of up to 400 per EV or home battery per year.
The seed funding brings Axle’s total raised since it was founded back in February 2023 to around $10M (8M) “If you look at the challenges grid operators are facing all over the world — in the U.S. and Australia and Japan , etc. — they’re all facing quite similar challenges. So even if the exact regulatory structure is a bit different, they're all learning from each other in this new transition,” he said.
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