Axle Energy aims to accelerate the decarbonization of the grid by addressing the challenge of integrating renewables into the grid. To this end, it has received a major boost with a $9 million seed investment led by Accel. Axle Energy is a UK-based startup founded by CEO Karl Bach and CTO Archy de Berker. The company is pioneering the decarbonization of the grid and the integration of renewable energy sources. Its goal is to make energy markets more flexible, connecting flexible assets such as electric vehicles, home batteries and heat pumps. In this way, consumers optimize their energy use, contributing to the environment and reaping financial rewards.

Axle Energy

Rising global energy prices triggered by the war in Ukraine have once again highlighted the importance of accelerating the transition to renewable energy sources. In this context, solutions from companies like Axle Energy are critical to reduce the use of fossil fuels and offer alternative ways to balance the grid. "We are here to decarbonize the grid," says Bach, summarizing the company's mission. The lack of sustainability of renewable energy sources is one of the most common arguments used by the traditional fossil fuel industry. However, innovative solutions like Axle Energy show that it is possible to overcome this problem. Axle Energy's software enables the integration of distributed energy resources with the grid, thereby balancing energy supply and demand. For example, a homeowner can contribute to grid balancing by charging their electric vehicle during certain time periods or using batteries in their home. Such contributions help stabilize fluctuations in the energy market and at the same time provide financial benefits for users.

Axle Energy has adopted a B2B business model and focuses on building back-end infrastructure for distributed energy resilience. The company provides solutions for commercial and industrial energy users and develops new ways to optimize energy demand. Unlike companies such as Octopus Energy and Greenely, this approach does not focus on consumers directly, but rather on grid balancing in the background. Axle Energy has the potential to create a major shift in energy markets. The company aims to reduce fossil fuel dependency by providing innovative solutions for the integration of renewable energy sources and grid balancing. To this end, it has set an ambitious goal to phase out fossil fuels in energy markets by 2030.