The data platform that put a trusted, regulated number on the value of a battery - and made lenders, traders and investors listen.
Every company building a grid-scale battery says the same thing: this asset will make money. Modo Energy was built around a harder question - how would a lender actually know? The answer became a business.
Founded in 2019 by Quentin "Q" Scrimshire and Tim Overton, Modo Energy is a London-based data and analytics platform for the fast-moving, notoriously opaque world of battery energy storage and other electrification assets. It sells benchmarks, revenue forecasts, expert research and - since 2025 - an AI analyst named Ko, all aimed at one job: helping investors, developers, lenders and traders make investment-grade decisions about energy assets.
Battery revenue is volatile and market-specific. A grid-scale battery in Great Britain earns money in a dozen different ways - frequency response, wholesale trading, capacity markets - and those revenue stacks shift week to week. For an investor writing a cheque or a bank underwriting a loan, that uncertainty is the whole problem. Modo's pitch is deceptively simple: turn that mess into numbers you can defend.
What separates Modo from a spreadsheet is trust. Its benchmarks are FCA-regulated and IOSCO-certified - the same standards used for serious financial indices, and, the company says, the only such benchmarks for battery storage anywhere in the world. In a market where operators are often grading their own performance, that independence is the product.
The company began where the pain was sharpest - grid-scale batteries in Great Britain, one of the world's most volatile storage markets - and has since expanded across continental Europe, seven US grid operators and Australia. Billions of dollars in assets have reportedly been underwritten and valued using its intelligence.
Financing the energy transition is as much a numbers problem as an engineering one. Batteries and renewables need capital, and capital needs confidence. Without a neutral, transparent view of what an asset will earn, deals stall, risk premiums climb, and good projects struggle to get funded.
Modo sits in the middle - between the battery and the balance sheet. Instead of a black-box model, it publishes its methodology openly, so that when a lender sees a forecast, they can see how it was built. That transparency is what makes the forecast "bankable."
The company owns the entire modelling stack, from raw market data to the final valuation, which is unusual for an energy-data startup and central to why the financial ecosystem has come to rely on it.
We're building the benchmarking and valuation operating system for global electrification - and AI is central to that mission.
Modo's platform bundles regulated benchmarks, forecasts, research and an AI analyst into a single interface for energy professionals.
FCA-regulated, IOSCO-certified performance benchmarks for battery revenue - an independent standard operators and financiers can measure against.
Transparent, defensible revenue forecasts for battery and solar assets, built to survive lender and structured-finance scrutiny.
An AI analyst that answers natural-language questions about energy markets and assets, letting users interrogate models and scenarios directly.
Independent research, reports, podcasts and videos from power-market experts on the ground in every market Modo covers.
SOC 2 certified battery and solar data - forecasts, benchmarks and performance metrics - delivered through a developer-ready API.
Modo competes with established energy-research houses, but stakes its ground on independence, transparency and regulated benchmarks. An illustrative view of what it leans on:
Illustrative positioning based on public statements - not an official ranking.
Modo's users are asset managers, lenders and structured-finance teams, renewable developers, and trading and optimisation desks - reportedly trusted by thousands of professionals. Publicly cited clients span some of the biggest names in energy and finance.
Client names per Modo Energy public materials.
Modo operates alongside established energy-research and analytics houses - LCP Delta, Aurora Energy Research, Timera Energy, Wood Mackenzie, BloombergNEF, Cornwall Insight and Enverus among them - as well as the in-house quant desks that build their own proprietary models.
Its differentiator isn't more data. It's the combination of narrow BESS focus, published methodology and regulated, independent benchmarks - a neutrality that in-house models, by definition, can't offer.
Modo runs on B2B SaaS subscriptions - customers pay for access to its terminal, benchmarks, forecasts and API. But the growth engine underneath is unusual: a "verticalised media" strategy. Before selling software, Modo built an audience of battery analysts through free research, videos and its show, Transmission: The Podcast.
That audience became a funnel. By earning credibility first - being the place practitioners went to understand the market - Modo turned readers and listeners into paying users of the tools they were already asking for.
The expertise runs deep. Over 70 of Modo's roughly 82 staff are power-market analysts, data scientists and engineers, many stationed in the specific markets they cover. CEO Quentin Scrimshire spent more than a decade in battery storage and power markets, including leading Kiwi Power's European energy storage business before its acquisition by ENGIE.
The technology stack is modern and data-heavy - Python, Airflow, Apache Spark, PostgreSQL, AWS, and an AI layer built with tools like LangChain and Anthropic's Claude - reflecting a company that treats data engineering as a first-class discipline, not a back office.
Quentin Scrimshire and Tim Overton launch Modo in the UK to bring transparency to grid-scale battery revenues.
Modo raises its first external round and builds out FCA-regulated, IOSCO-certified battery revenue benchmarks.
A Series A funds expansion into the United States and continental Europe.
Modo integrates with battery-analytics firm TWAICE to link BESS performance and revenue data in ERCOT, Texas.
Modo launches its AI analyst and closes a Molten Ventures-led Series B to scale toward 20 markets.
In December 2025, Modo raised a £25M ($33M) Series B led by Molten Ventures, with ETF Partners, MMC Ventures and Fred. Olsen Limited. The plan: expand from five to 20 markets, grow the engineering, data-science and customer teams, and deploy AI-powered valuation systems that let customers interact directly with models and scenarios.
Modo Energy is uniquely positioned to lead this shift because it owns the entire modelling stack and has already established the trust required across the financial ecosystem.
Market explainers, product walkthroughs and analyst deep-dives.
The CEO on raising capital and creating the energy-asset benchmarking category.
See benchmarks, forecasts and the Ko AI analyst inside the platform.
It runs a data and analytics platform with benchmarks, revenue forecasts, expert research and an AI analyst that help investors, developers and lenders value and finance battery storage and other electrification assets.
It was founded in 2019 in the UK by Quentin "Q" Scrimshire (CEO) and Tim Overton.
Roughly $54M in total, including a £25M ($33M) Series B led by Molten Ventures in December 2025 and a $15M Series A in 2023.
They are the only FCA-regulated, IOSCO-certified performance benchmarks for battery energy storage revenue in the world, giving them independent, financial-grade credibility.
Great Britain, multiple European markets (Germany, France, Iberia, Italy, Poland, the Nordics), seven US grid operators and Australia - with plans to reach around 20 markets.