Allye Energy has closed a £1.9 million seed round to scale intelligent battery storage systems.

The London firm says these address a critical bottleneck: 50-80% of electrification projects, including EV fast charging rollouts, are currently delayed or blocked due to grid capacity constraints that can’t be economically resolved.

The repurposed battery approach addresses both grid constraints and the growing challenge of what to do with retired EV batteries. It has already deployed with customers such as Roadchef (motorway services), construction firms and biogas producers.