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Company spotlight – Modo Energy

Modo Energy is a SaaS platform powering smarter decisions for renewable energy & battery storage assets. It gives operators, investors and utilities a unified view of performance, benchmarking, forecasting, and market analytics — helping them assess and unlock value in energy storage and grid flexibility.
October 1, 2025 •
VCT spotlight

Team


Since 2019, Birmingham-based Modo Energy has sought to “transform the energy industry through transparency of data”. CEO Quentin Scrimshire was previously Head of Energy Storage at Kiwi Power and also spent four years working on battery energy storage projects at Centrica, and Chief Operating Officer Tim Overton spent six years with energy engineering consultancy Fichtner.


Product


Renewable energy relies on batteries for storing energy when the sun doesn’t shine, or the wind doesn’t blow. Modo’s ‘all-in-one’ technology platform helps companies, investors and energy consultants see how battery energy storage systems save energy and money. Data from over 15 independent sources delivers clear, actionable insights on energy markets and asset performance, covering past revenue, current market trends and future potential.


Market fit


Battery energy storage systems don’t just help with lowering carbon emissions. They also ensure a consistent and reliable supply of renewable energy, provide backup power during emergencies and help the grid cope with periods of high energy consumption. As the demand for cleaner energy sources accelerates, the global battery market is set to expand to a total value of $330 billion by 2030.


Investment


We participated in an initial funding round in March 2023, made a follow-on Series A investment in October 2023, and a further Series A investment in December 2024, to help with its US expansion plans. Modo is extremely well-positioned within its market, and our continued support demonstrates our belief in backing winners.