Elbow Beach is pleased to announce its further investment in Allye Energy, who today announced it has successfully completed a $2.5 million seed funding round to accelerate deployment of its smart battery energy storage technology, backed by strong commercial momentum with a confirmed order book of$2.7 million and project pipeline exceeding $10.7 million. The strategic funding combines equity and debt financing, providing flexible capital to support the scale up of manufacturing and delivery of energy storage systems to both grid-connected and off-grid applications where traditional power infrastructure is unavailable or insufficient.

Elbow Beach’s investment aligns strongly with the UK Government’s Industrial Strategy and its focus on Advanced Manufacturing and Clean Energy industries.

Grid constraints create urgent market need

The scale of the infrastructure challenge is enormous. The decarbonisation of the economy is expected to double electricity consumption by2050, with 50-80% of electrification projects, including the deployment of fastEV charging infrastructure, currently facing power limitations that cannot be economically addressed. The UK's ageing distribution network is constrained, with demand-side pinch points hindering businesses and major infrastructure projects from obtaining the power required in the green electric economy.

This creates an urgent need for flexible energy solutions that can operate independently of grid constraints. Allye's technology platform combines intelligent battery systems that operate both behind-the-meter and completely off-grid. The company's approach recognises that modern energy challenges require solutions that can adapt to diverse requirements - from grid stabilisation to remote power generation.

Market opportunity and growth strategy

The seed funding enables further commercialisation of the Allye MAX range of smart battery energy storage systems, including the MegaMAX range of 1MWh and 1.5MWh systems, while supporting strengthening of Allye's engineering team to develop key power control innovations and battery storage technologies. Allye already sells its systems in the UK and Ireland, and will expand into Europe in the next 12-18 months through technical and commercial partnerships.

Nick Charman, Head of Climate and Investment Director atElbow Beach, said:“Our decision to expand our investment in Allye reflects our confidence in the company’s technology and its contribution to Europe’s energy transition. Allye’s commercial momentum, with rising demand from both new and repeat customers across a range of industries, demonstrates the strength and scalability of its product offering. Its flexible, deployable energy storage solutions deliver clear economic value to customers while supporting the shift to a cleaner energy system.”

Jonathan Carrier, Founder and CEO of Allye Energy, commented: "This funding represents validation of our vision to eliminate energy constraints through intelligent battery storage. Whether it's strengthening vulnerable grids for DC fast charging electric vehicles or replacing diesel generators at remote construction sites, our technology provides immediate solutions where traditional infrastructure falls short. The strong commercial response we're experiencing -reflected in our $2.7 million confirmed order book and $10.7 million pipeline across diverse sectors - demonstrates that the market is ready for these solutions. Seeing our initial customers return to purchase additional units and renew contracts gives us confidence that we're delivering genuine value. This investment allows us to scale rapidly and meet growing demand from industries seeking reliable, cost-effective alternatives to both grid dependence and fossil fuel generation."

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