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Modo Energy
Modo Energy is a software-as-a-service (SaaS) platform that specializes in data analytics for renewable energy assets, particularly grid-scale battery energy storage systems (BESS). Founded in 2019 by Quentin Scrimshire and Tim Overton, the company aims to assist energy professionals in effectively allocating resources during the energy transition. Modo Energy has gained recognition in the battery energy storage market, recently securing $15 million in Series A funding in November 2023. The company offers an "Asset Success Platform" that includes a comprehensive data analytics suite, a research product called Terminal, asset revenue benchmarking tools, and unique research reports. These services are designed to help owners and operators of standalone front-of-the-meter battery energy storage systems maximize their investment and revenue opportunities. Modo Energy primarily serves the AI-enabled power, trading, and retail sectors within the energy storage industry, providing valuable insights and tools for effective asset management.
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