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Can I configure a no-cost Office365 email address to send app notifications?

I have Office365 for a number of Exchange user accounts and each of these are office staff who have a mailbox and access their email using Outlook.
I would like to have a separate send only email account so that I can configure it to send out alerts from the Dell iDRAC system and also from my Backup software.  
Is it necessary for me to purchase another licence for this use or is there a way to configure an email address (e.g. ITAdmin@mydomain.com) which is only used to send notifications?
Seems a bit of a waste to have to purchase another licence just to send application notifications.
Microsoft OfficeExchangeOutlook

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8/22/2022 - Mon