Modo Energy

Modo Energy is a London-based provider of market intelligence, benchmarking and valuation analytics for energy storage and renewable assets. Its platform combines historical performance benchmarking, real-time data feeds, long-horizon revenue forecasts (including 20-year power market forecasts used in discounted cash flow valuations) and written analyst research, delivered through a subscription terminal and an AI analyst called Ko.

The company structures its offering around three components: bankable revenue forecasts intended for investment decisions; regulated benchmarks, which it describes as the only FCA-regulated and IOSCO-aligned benchmarks for battery energy storage; and analyst insights produced by its in-house power market experts. Solution sets are packaged for asset management, structured finance, asset development, and optimization and trading teams. Modo Energy (Benchmarking) Ltd is registered in England and Wales and authorised and regulated by the Financial Conduct Authority (firm number 1042606) under Article 34 of the UK Benchmarks Regulation, and the company lists SOC 2 Type I, ISO 27001 and IOSCO-aligned methodology assessments among its compliance credentials.

As of mid-2026 the company reported operating across 15 energy markets, serving more than 200 companies in 30 countries, with forecasts that have supported financing for assets exceeding €3.3 billion ($3.8 billion). It also publishes free-to-access media, including the Transmission podcast, the Energy Academy video series and a weekly newsletter.

Founding story

Modo Energy was founded in 2019 by Quentin Scrimshire and Tim Overton. Scrimshire, who serves as CEO, had worked on grid-scale battery storage since around 2014-2015, previously as Head of Energy Storage at KiWi Power and earlier at Centrica as an engineer across oil and gas, wind and energy storage systems; he holds a master's degree in engineering from the University of Manchester.

Business model

Modo Energy sells subscription access to a market-intelligence platform (the Terminal) combining benchmarks, indices, forecasts and analyst research, plus an AI analyst product, Ko, that is free to try without a credit card and sits alongside paid plans. The company describes plan tiers ranging from a free plan to paid upgrades, with team and billing management, API access and an MCP server for programmatic and agentic use. Its co-founder has compared the model to a Bloomberg terminal: aggregating data from many sources, layering proprietary indices and benchmarks on top, and selling access to asset owners, utilities, funds and institutional investors.

Subscription-based SaaS access to the Modo Energy Terminal, Ko and associated data, with a free tier and paid plans managed at the account and team level, alongside API access.

Traction

As of July 2026 the company reported operations in 15 energy markets, more than 200 customer companies across 30 countries, and forecasts supporting financing for assets exceeding €3.3 billion ($3.8 billion), with a team of more than 75 analysts, data scientists and engineers (the company website cites more than 70). In October 2023 it reported over 3,000 subscribers and use by about 75% of participants in the GB grid-scale battery market.

Latest developments

In July 2026 Modo Energy announced a €14.9 million ($17 million / £12.7 million) growth funding package from CIBC Innovation Banking, its largest single commitment to date, taking total funding to €45.5 million ($52 million) and following a $52 million Series B led by Molten Ventures with MMC six months earlier. The capital is directed at developing Ko into an end-to-end data analysis and reporting tool, hiring across analyst, data science and engineering teams, and expanding into new markets.