Allye Secures Funding for Mobile Energy Storage Launch
Allye, a battery technology and energy storage company based in London, UK, recently secured £900K in funding. The funding round was led by Elbow Beach Capital and saw participation from Alpha Future Funds. With the newly acquired funds, Allye plans to manufacture and launch its flagship product, the Max. The company expects to release the first systems of the Max designed for industrial users by Q3 of 2023.
Co-founded by Jonathan Carrier, Jack Levy, and Lorenzo Bergamaschi, Allye specializes in developing the Max, a mobile energy storage system that offers distributed energy storage at the grid edge. By combining battery storage technology with intelligent software, the Max bridges the gap between two distinct markets—the stationary battery energy storage systems on the grid and the mobile temporary power solutions off the grid. Each Max system has a capacity of 300kWh, enough to power a typical factory for two days or 40 homes for a day. The capacity can be increased by connecting multiple units together.
Allye has set ambitious targets for the future.
The company aims to achieve a total installed capacity of 3GWh by the year 2030. In terms of revenue, Allye expects to generate £8.5m in 2024 and expand it to £45m in 2025. With its innovative mobile energy storage technology, Allye is positioning itself as a key player in the evolving energy storage market, catering to the growing demand for flexible and sustainable energy solutions.
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