2 years ago

Allye Rises €1 Million to Scale Self-Learning Mobile Battery Systems

  • London-based Allye, a battery technology and energy storage business, has raised €1 million in a funding round led by Elbow Beach Capital and Alpha Future Funds

  • Allye aims to provide grid resiliency and help businesses overcome rising energy bills with its intelligent distributed energy storage technologies.

      • ProblemRenewable Energy

      "The UK's transition to renewable energy sources requires a significant increase in battery storage capacity to regulate energy supply and demand. Existing solutions are either bulky and expensive on-grid systems or polluting off-grid alternatives like diesel generators."

      Solution

      "Allye offers a software-enabled, self-learning mobile battery system called Max. This system provides a cheaper, greener, and more accessible energy storage solution that bridges the gap between on-grid and off-grid options, serving as a smarter alternative to containerised BESS devices and a cleaner replacement for diesel generators."

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