Modo Energy

Modo Energy

SaaS data analytics for energy storage

Overview

Modo Energy provides a subscription software platform that analyzes data and market intelligence for renewable energy assets, especially grid-scale battery storage. It includes tools like Benchmarking Pro and Forecast Pro that pull real-time market data, price indices, and long-term price forecasts to help owners, operators, and investors track performance, compare against benchmarks, and project earnings. It differentiates itself through broad UK market coverage of grid-scale batteries, a focus on data-driven insights rather than advisory services, and education-driven marketing via its Energy Academy and related content. Its goal is to expand internationally (starting with Texas/ERCOT) and widen access to finance-ready market intelligence for investment decisions and asset optimization in the energy transition.

Funded Recently

About Modo Energy

Simplify's Rating
Why Modo Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Energy

Enterprise Software

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$71.1M

Headquarters

Birmingham, United Kingdom

Founded

2019

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Simplify's Take

What believers are saying

  • CIBC added $17 million in July 2026, lifting total funding to $52 million.
  • Molten's £25 million Series B funded expansion from five to 20 markets.
  • TWAICE integration in ERCOT validates Modo's benchmarks inside active customer workflows.

What critics are saying

  • TWAICE's €24 million EIB-backed push targets BESS analytics and ERCOT directly.
  • Battery revenues hit record lows in NEM in March 2026, pressuring customer budgets.
  • If Ko disappoints, consultant-led rivals and in-house teams replace Modo's premium workflows.

What makes Modo Energy unique

  • Only FCA-regulated battery storage benchmark provider; that credibility matters in financing.
  • Ko now answers battery revenue questions using Modo's benchmark data.
  • Used by 200 companies across 30 countries, spanning 15 energy markets.

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Funding

Total Funding

$71.1M

Above

Industry Average

Funded Over

5 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Flexible Work Hours

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

-2%
FinanzNachrichten.de
Jul 21st, 2026
CIBC Innovation Banking provides $17M to Modo Energy, bringing total funding to $52M

CIBC Innovation Banking has provided $17 million in growth funding to Modo Energy, bringing the company's total funding to $52 million raised over six months. The London-based firm operates an AI-powered benchmarking and valuation platform for energy storage and renewable assets. Modo Energy will use the capital to develop Ko, its AI analyst tool, expand its team of over 75 staff, and enter new markets. Ko answers complex market questions and will evolve to handle data analysis and reporting end-to-end. The funding follows Modo Energy's Series B round six months ago, led by Molten Ventures. The company currently covers 15 energy markets, serves more than 200 companies across 30 countries, and its forecasts have helped finance over $3.8 billion of assets.

Molten Ventures
Dec 3rd, 2025
Molten Ventures leads £25M Series B in Modo Energy to scale AI-powered battery benchmarking platform

Molten Ventures has led a £25 million Series B investment in Modo Energy, a market data platform for electrification assets. ETF Partners, MMC Ventures and Fred. Olsen Limited also participated in the round. Modo Energy provides independent benchmarks, revenue forecasts and analytics for batteries, renewables, data centres and grid infrastructure. The platform's AI-powered valuation systems help investors and operators make informed decisions, with billions of dollars of assets already underwritten using Modo's intelligence. The funding will enable Modo to expand from five to 20 markets globally, growing its team across engineering, data science and customer support. The company will deploy advanced AI-powered valuation systems to move beyond traditional consultancy-driven analysis and deepen adoption of its benchmark standards across Europe, North America and Asia-Pacific.

Pinoy Bisnes
Mar 25th, 2025
TWAICE and Modo Energy Debut Integration to Quantify the Financial Impact of BESS Performance Improvements in ERCOT Markets

By integrating Modo Energy's benchmarking intelligence with TWAICE's analytics, we're giving battery owners the tools to make smarter, data-driven decisions with confidence.

BusinessCloud
Nov 29th, 2023
£11.8m funding to energise Modo globally

London firm to expand renewable energy data analytics services with Series A round of funding led by MMC Ventures

Modo Energy
Aug 8th, 2022
Modo Energy Limited launches Signal

Modo Energy Limited is super excited to announce the launch of Signal!

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