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Energy Tech Series A Founded 2013

Axiom Exergy

Axiom Exergy develops thermal battery systems for commercial power consumers that provide turnkey energy management solutions reducing operational costs and business risk for supermarkets and commercial buildings with high refrigeration-based energy loads. The company's primary product uses existing refrigeration systems in commercial buildings and supermarkets to store thermal energy during off-peak hours when…

📍 Berkeley, United States · Energy Storage Tech

Funding snapshot

Last roundSeries A
Amount$8M
Date9 May 2018
Total raised$10M
Team size20

About

Axiom Exergy develops thermal battery systems for commercial power consumers that provide turnkey energy management solutions reducing operational costs and business risk for supermarkets and commercial buildings with high refrigeration-based energy loads. The company's primary product uses existing refrigeration systems in commercial buildings and supermarkets to store thermal energy during off-peak hours when electricity prices are low, and deploys that stored thermal energy during peak hours when electricity demand and prices are highest. This approach reduces electricity demand charges and overall energy costs without requiring replacement of existing refrigeration infrastructure, making it a cost-effective retrofit solution for commercial facilities. The thermal battery system addresses the significant energy consumption of commercial refrigeration, which represents a major operational expense for grocery stores, cold storage facilities, and other businesses with substantial cooling requirements. By shifting energy consumption from peak to off-peak periods, Axiom Exergy helps commercial customers reduce their carbon footprint while improving energy cost predictability and operational resilience. Founded in 2013 and headquartered in Berkeley, United States, Axiom Exergy has raised approximately $10.1 million at the Series A stage from investors including Element 8, Victory Capital, Sierra Angels, Evergy Ventures, WorldQuant Ventures, Meson Capital, SV Tech Ventures, Seabed VC, StartX, Shell Ventures, E8, North Bay Angels, and Harbor Street Ventures.

Business model

Energy Storage Tech > Energy Storage System > Thermal > Pumped Heat,

Plug and Play Tech Center Batches > Energy > Batch 6

Founders & team highlights

Serial Founder

Team background

Top Rated Teams > Serial Entrepreneur,

College Wise > Stanford University

Institutional investors

Element 8 Victory Capital Sierra Angels Evergy Ventures WorldQuant Ventures Meson Capital SV Tech Ventures Seabed VC StartX Shell Ventures E8 North Bay Angels Harbor Street Ventures Jb Straubel Larry Mohr

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