M
Modo Energy
Energy · Birmingham, United Kingdom · Founded 2019
Data analytics platform for renewable energy assets MoreLess
Modo Energy is a software-as-a-service (SaaS) platform specializing in data analytics and market intelligence for renewable energy assets, with a particular focus on grid-scale battery energy storage systems. The company was founded in 2019 by Quentin Scrimshire and Tim Overton. Scrimshire previously served as the head of energy storage at Kiwi Power, a virtual power plant startup, while Overton worked as an engineering consultant, bringing deep expertise in the energy storage sector to their venture.
The firm operates on a subscription-based business model, providing data-backed tools that empower owners, operators, investors, and developers of renewable energy assets to make informed decisions. Its platform offers features such as revenue benchmarking, performance comparisons, price indices, long-term bankable price forecasts, and real-time market data. Modo Energy's products, including Benchmarking Pro and Forecast Pro, enable clients to track asset performance, analyze revenue streams, and project future earnings, disrupting traditional consultant-led forecasting models. The company's services are utilized by the owners and operators of approximately 90% of Great Britain's installed grid-scale battery capacity.
In November 2023, Modo Energy secured approximately €13.6 million ($15 million) in a Series A funding round led by MMC Ventures, with participation from existing investors. This capital is intended to fuel product development and international expansion, with initial plans to enter the Texas and ERCOT market in the United States, followed by a broader rollout across the US and Europe. The company also has a strong media presence, using educational content like its Energy Academy and Transmission Podcast to explain complex market dynamics, which has become its primary marketing strategy.
Keywords: battery energy storage, renewable energy analytics, grid-scale batteries, energy asset management, SaaS, data analytics, revenue benchmarking, energy market intelligence, price forecasting, project financing, energy transition, asset optimization, power markets, ERCOT, electricity grid, financial performance, investment analysis, renewable infrastructure, energy trading, market data
Company overview
Modo Energy company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Birmingham, United Kingdom
- Employees
- 82
- Open positions
- None listed
- Dealroom signal
- 90.4
Valuation & funding
Modo Energy funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Dec 2025 | $33M | $132M | ETF Partners · Fred. Olsen · Molten Ventures · MMC Ventures | ↗ |
| SERIES AOther financing | Nov 2023 | $16M | $62M | Fred. Olsen · MMC Ventures · Catalyst Capital · Triple Point Ventures | ↗ |
| SEEDOther financing | Jun 2022 | $4.2M | $17M | Triple Point Ventures · Fred. Olsen | ↗ |
| SEEDOther financing | Apr 2021 | $1.3M | $5.3M | Michael Liebreich | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $2.8M | 0% | 82 |
| 2025 | $2.8M | 0% | 68 |
| 2024 | $2.8M | 0% | 57 |
| 2023 | $2.8M | +211.1% | 38 |
| 2022 | $900K | — | 18 |
Growth signals
Modo Energy website traffic
Latest recorded traffic for Modo Energy is 100K monthly website visits, up 81.8% over the last three months. Modo Energy's team grew 20.6% over the past year.
Comparisons
Modo Energy compared with similar companies
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Talent graph
Modo Energy's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Modo Energy has talent and traffic
team presence
In the news
Latest news about Modo Energy
Recent press, funding announcements, and product moves mentioning Modo Energy — open to read from the original sources.
Market sentiment
What the market is saying about Modo Energy
An AI-synthesized read of the highest-engagement posts about Modo Energy on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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