Modo Energy

Modo Energy

IT Services and IT Consulting

London, England 27,963 followers

The all-in-one platform for battery energy storage analysts.

About us

Modo Energy is the industry standard revenue benchmarking and forecasting platform for battery energy storage analysts. Through an integrated mix of price forecasts, revenue benchmarking, in-depth research, educational materials, real-time market screens, and downloadable data - Modo users have all the tools at their fingertips to finance, build, and operate the energy system of the future. Modo Energy’s most recognizable products include: - Benchmarking Pro, which tracks the most valuable revenue streams for individual storage sites and compares performance across leaderboards. - Forecast Pro, a 2050 projection built for energy storage and used to finance future battery projects. - The Energy Academy, a series of educational videos explaining the mechanics of the electricity market. - Modo: The Podcast, on which some of the most respected doers, disruptors, and thought-leaders in the industry share their experiences and insights with a global audience. - And much, much more. Head to the platform to explore Modo's products for yourself - sign-up is free. Want to find out how Modo Energy can help you navigate the evolving battery energy storage landscape? Get in touch with a member of the team today. Our platform includes specialist data, organised so that our users can intuitively navigate the wider market. We also provide written and video insights that cut through the complexity of the industry. Here at Modo, we build connections. We stand by our core company values of inclusivity, transparency, impartiality. We work closely with others throughout the energy industry to deliver the information and insights people need in ways that make sense. To learn more about Modo, visit modo.energy

Industry
IT Services and IT Consulting
Company size
11-50 employees
Headquarters
London, England
Type
Privately Held
Founded
2019
Specialties
GB Energy Markets, Energy Storage, Energy Flexibility, Flexibility, Software, Data provider, Renewable energy, Decarbonisation, and Energy transition

Products

Locations

Employees at Modo Energy

Updates

  • With challenges in the lithium-ion supply chains, alternative battery chemistries are gaining attention. Could sodium-based solid-state batteries provide a safer, more sustainable path for large-scale grid storage? Sodium-ion batteries are at a critical moment of commercialization. With low cost and readily available materials, sodium-ion technology could be a huge competitor. In this week's Transmission podcast, Quentin 'Q' Scrimshire is joined by Dr. Neil Kidner, Co-Founder and Chief Scientific Officer at Adena Power, to discuss why sodium-based solid-state batteries could be a game-changer for energy storage. In the episode they cover: ⏵ Why sodium-based solid-state batteries could be a safer and more sustainable alternative to lithium-ion. ⏵ The challenges of lithium-ion supply chains and the potential for domestic alternatives. ⏵ How Adena Power is developing high-temperature sodium-based battery technology. ⏵ The role of alternative battery chemistries in long-duration energy storage. What investors and policymakers should consider when looking beyond lithium-ion. You can listen to this episode - and every previous episode of Transmission - on your usual podcast app or on the Modo Energy terminal.

  • Listed battery funds now account for a third of the operational battery energy storage capacity in Great Britain. Battery revenues have declined by 69% since 2022, which has impacted share prices and limited access to public capital. Funds have adapted by upgrading their portfolios, refining operating strategies, and restructuring revenue streams. The question is: Will they continue to grow within the listed market, or is an alternative ownership structure the next step? Head to the full article on the Modo terminal to learn more, including which funds are upgrading their portfolios, securing fixed-revenue streams, and diversifying into international markets. https://lnkd.in/emkG_BC6

  • In 2024, batteries in Great Britain earned £50k/MW, including Capacity Market revenues. However, some systems earned up to 50% more than this. Revenues fluctuated throughout 2024 and varied significantly from battery to battery. In some months, the highest-earning systems earned almost double the average revenues. The batteries that achieved the highest revenues didn't all follow the same strategy. Instead, they followed strategies that complemented their size, duration, and location. They also entered the right markets at the right time. For example, some batteries followed a high throughput wholesale trading strategy, while others operated primarily in Dynamic Containment. Read our 2024 operational strategies guide to find out which batteries best adapted their strategies in 2024, and how each market might suit your battery. Plus, what to keep an eye out for in 2025. https://lnkd.in/e2e-MeW4 #BatteryEnergyStorage #EnergyMarkets #NetZero

  • Batteries in Scotland receive different dispatch rates from other batteries in Great Britain, which can define their operational strategies. Batteries in North and South Scotland received an in-merit dispatch rate of 23% and 20% for their Bids, respectively. However, their dispatch rates for Offers were five times lower. Other batteries, particularly in the South of England, see the opposite of this. This means Scottish batteries are unable to sell large amounts of energy through the Balancing Mechanism but often use it to buy energy. The relationship between location and dispatch rates meant that the two highest-earning systems in Great Britain in December and 2024, located 300 miles apart, followed different strategies. Access the full article to learn more - https://lnkd.in/dhzb3ivc

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  • The two highest-earning batteries in Great Britain from December are located 300 miles apart. However, both of their locations impacted their strategy. In December 2024, batteries earned £76k/MW/year, excluding Capacity Market revenues. However, Balancing Mechanism activity was key to the highest-earning battery earning over £120k/MW/year. Wishaw, in Scotland, earned more revenue from wholesale exports, while Coventry, in the Midlands, earned more Balancing Mechanism revenue in December. These highest-earning systems in December were also the top earners in 2024, and their strategies remained largely unchanged from recent months. Access the full article to learn how batteries in the south of Great Britain outperformed those in the north in the Balancing Mechanism, benefiting from regional price dynamics and more - https://lnkd.in/eupq2rk6

  • Introducing our new battery energy storage revenue benchmark in Australia’s National Electricity Market (NEM). The ME BESS AUS NEM Index tracks the revenue performance of grid-scale battery energy storage, providing a clear and independent benchmark to navigate this rapidly changing market. Built on a transparent, standardised methodology, the ME BESS AUS NEM Index provides an independent, reproducible view of battery revenue performance. - Five-minute revenue tracking, available at day +1, covering energy trading and frequency response services. - Locational loss factors are applied to reflect real-world pricing impacts. - Fully Independent - using publicly available AEMO data. The new ME BESS AUS NEM Index is now available to view on the Modo Energy Terminal - just click the link in the comments below.

  • Commodity markets are often misunderstood—opaque, complex, and heavily influenced by regulation, liquidity constraints, and global supply chains. But what role do interdealer brokers play in facilitating large-scale transactions and ensuring market stability? In our recent podcast, Quentin 'Q' Scrimshire was joined by Campbell Faulkner, Senior Vice President and Chief Data Analyst at OTC Global Holdings. With decades of experience in commodity trading, market structure, and risk management, Campbell shares his insights on the shifting role of interdealers, the impact of market regulation, and the trends shaping global energy and power trading. In the episode, Q and Campbell discuss: ⏵ The role of interdealer brokers in facilitating large commodity transactions. ⏵ How market liquidity, volatility, and regulation shape trading strategies. ⏵ Why over-the-counter markets remain critical for managing risk in energy and commodities. ⏵ The impact of electrification and data center growth on power markets. ⏵ And Campbell’s contrarian take on the future of net-zero policies and energy infrastructure. You can listen to this episode - and every previous episode of Transmission - on your usual podcast app or on the Modo Energy terminal.

  • Battery energy storage system revenues were £88k/MW/year in January 2025. This is a 5% increase from the two-year high seen in December 2024 and the first time revenues have increased two months in a row since March 2024. The higher revenues in January were led by a 42% increase in wholesale price spreads. There were several high-priced days across the month as margins were squeezed following low wind generation and high demand during cold weather. To find out more about how high power prices on several days across January impacted revenues and details on earnings from each of the revenue streams, head to the article on the terminal - https://lnkd.in/e7x-PzFS

  • All of the battery energy storage systems that began commercial operations in Great Britain in Q4 2024 are Balancing Mechanism registered. This is the first time this has happened in a single quarter since 2022. 380 MW of new-build battery energy storage systems began commercial operations in Q4 2024 and all of the units are Balancing Mechanism registered. With frequency response services saturated, throughout 2024, batteries earned more of their revenues through wholesale trading and the Balancing Mechanism. In 2023, the Balancing Mechanism accounted for 8% of battery revenues, but this rose to 25% in 2024. With updates to NESO systems throughout 2024, batteries also saw their dispatched volume in the Balancing Mechanism increase to record levels by December 2024. Overall, this highlights the significance of the Balancing Mechanism as a revenue stream for battery energy storage systems now and in the future. To find out more about how these new batteries have been operating so far, head to the article on the Modo terminal - https://lnkd.in/eznNEJ9Z

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  • In Q4 2024, Great Britain saw the highest increase in energy capacity from battery energy storage systems in a single quarter ever. This follows nine new batteries beginning commercial operation in the quarter and the augmentation of two existing Gresham House batteries. Total energy capacity of batteries in Great Britain increased by over 800 MWh. Eight of the nine new batteries have a duration of at least two hours. Gresham House's augmentation of its Nevendon and Penwortham site increased their capacities by 76 MWh. In 2024 we saw a growing significance of durations above one hour as batteries earned more of their revenues through wholesale trading and the Balancing Mechanism than ever before. To find out more about the new batteries online in Q4 2024, which markets they are operating in, and the buildout projection for 2025, head to the article on the Modo terminal - https://lnkd.in/e2g5RirB

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Funding

Modo Energy 3 total rounds

Last Round

Series A

US$ 15.0M

See more info on crunchbase