Belgian-American Startup NOX Energy Secures $1M to Advance Green Energy Solutions

Image source: NOX Energy

Published on January 7, 2025

Belgian-American startup NOX Energy has announced the successful close of a $1 million seed funding round. The investment, led by Volve Capital with participation from Seeder and angel investors, will support the company’s mission to connect energy-efficient devices to energy markets, helping stabilize electricity grids and promote sustainable energy use.

Founded in 2024 by Axelle Moortgat, Martin Michaux, and Louis Clermont, NOX Energy aims to address two pressing energy challenges: the high costs of electric heating systems and the need for greater grid stability as renewable energy adoption increases. The company’s platform integrates smart devices like heat pumps into the energy flexibility market, aiming to enable households and businesses reduce energy costs while supporting a greener and more stable grid.

With fresh capital in hand, the company plans to accelerate the scaling of its technology, attract talent, and expand its market reach.

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