3 years ago

Modo Energy Secures £3.2 Million to Expand Energy Analytics Platform

  • Birmingham-based energy analytics platform Modo Energy has raised £3.2 million in a pre-Series A funding round led by Fred Olsen Ltd

  • The company plans to use the funding to expand in Britain and implement its new battery revenue forecasting software, Modo Signal.

      • ProblemRenewable Energy

      "There is a lack of data transparency and sophisticated analytics in the energy storage market, making it difficult for investors and developers to make informed decisions about battery storage assets."

      Solution

      "Modo Energy offers an energy asset analysis platform that provides data, research, and benchmarking tools specifically for energy storage, enabling users to understand markets, forecast revenue, and make better investment decisions."

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