Modo Energy

Modo Energy is a SaaS platform specializing in data analytics for renewable energy assets, with a focus on battery energy storage systems. Founded in 2019 by Quentin Scrimshire and Tim Overton, the company provides an integrated suite of data-backed tools that empower owners and operators of renewable energy assets to navigate the dynamic landscape of the energy market. Modo Energy's Asset Success Platform analyzes market data and benchmarks the performance of various energy storage assets, helping organizations track their energy storage and optimize returns while working toward sustainability goals.

The platform offers features such as long-term price forecasts, revenue comparisons, price indices, written research, educational materials, real-time market screens, and downloadable data. In 2023, Modo Energy launched Modo 2.0, an update that revolutionized revenue benchmarking and forecasting in battery energy storage. The company's flagship products include Benchmarking Pro, which provides insights into revenue streams and performance comparisons, and Forecast Pro, a projection tool for financing future battery energy storage projects.

As of November 2023, Modo Energy's platform was used by owners and operators representing approximately 90% of Britain's installed grid-scale battery capacity. The company has over 3,000 platform users from more than 300 businesses and organizations. In line with its environmental sustainability commitments, Modo Energy became a business partner of the Birmingham & Black Country Wildlife Trust in October 2021, pledging to donate 0.5% of their sales to the Trust via the Work for Good platform.