The push for decarbonisation and rising energy prices highlights the need for solutions to balance supply and demand. As electric vehicles and home batteries gain traction, there's strong potential for technology that connects these assets to the energy market. A market Axle Energy is jumping on.
The company positions itself as an "energy flexibility company", developing software that connects distributed energy assets to flexibility markets that traditionally only larger energy users could access. By enabling households to delay EV charging or utilise home batteries during peak demand, Axle provides a means for consumers to actively support grid stability while earning financial incentives.
Axle is ready to expand its engineering team and enhance its capabilities in the UK energy market. Alongside this, it has set its sights on future growth in other European markets. This might not be too far away, as it already has over 15,000 flexible assets connected to its platform and a $9 million seed fund round raised in 2024 that is being used for European growth.
Kirsty
Company Specialist at Welcome to the Jungle
