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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.
About Modo Energy
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$54.1M
Headquarters
Birmingham, United Kingdom
Founded
2019
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Simplify's Take
What believers are saying
- Series B funding enables expansion from five to 20 global markets by 2027.
- New value streams beyond energy trading now include voltage control, inertia, and carbon certification.
- FCA-authorized indices enable fixed-for-variable hedging structures for asset owners.
What critics are saying
- ERCOT oversupply may collapse BESS revenue below $3/kW-month by 2027 with 50-70% probability.
- Ancillary service saturation could slash BESS revenue share to under 30% by 2026 with 60-80% probability.
- UK centralized optimization could render Modo’s 90% GB coverage obsolete within 24-36 months with 25-45% probability.
What makes Modo Energy unique
- Modo Energy dominates 90% of Great Britain’s grid-scale battery capacity with AI-powered benchmarking.
- The company disrupts traditional consultant-led forecasting using SaaS tools like Benchmarking Pro and Forecast Pro.
- Modo Energy leverages educational content via Energy Academy and Transmission Podcast as its primary marketing strategy.
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Funding
Total Funding
$54.1M
Meets
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Hybrid Work Options
Flexible Work Hours
Company Equity
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -3%2 year growth
↓ -2%Modo Energy Limited is super excited to announce the launch of Signal!
Modo Energy Limited is really excited to share the latest updates to Modo with its users!
Modo Energy is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Modo Energy
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$54.1M
Headquarters
Birmingham, United Kingdom
Founded
2019
Modo Energy is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today