London-based Axle Energy raises €21 million for energy flexibility as power demand grows
British energy flexibility platform Axle Energy has secured €21 million ($25 million) in Series A funding to expand across the UK and international markets, enabling it to connect more distributed energy assets and strengthen partnerships with OEMs, utilities, and fleet operators.
Axle Energy, a London-based energy flexibility platform, has announced a €21 million ($25 million) Series A funding round. The company specializes in technology that transforms electric vehicle chargers, batteries, and heat pumps into grid-balancing resources. This innovation helps the electricity grid manage load more efficiently, especially as power demand rises due to electrification and the growth of data centres.
The new funding will be used to expand Axle Energy’s operations in the UK and enter international markets, as well as to increase the number of distributed energy assets connected to its platform. The company also plans to deepen partnerships with original equipment manufacturers (OEMs), utilities, and fleet operators.
Axle Energy’s platform works by responding to real-time grid signals, automatically adjusting the energy consumption or output of connected devices. This allows consumers and businesses to earn revenue by participating in grid-balancing services while reducing strain on the electrical network. As the energy transition accelerates, such flexibility solutions are becoming increasingly critical for maintaining grid stability and integrating renewable energy sources.
