Modo Energy Raises $30M to Standardize Electrification Asset Valuations

Building batteries, solar projects and data centers requires enormous amounts of capital. Deciding what those assets are worth still relies too heavily on disconnected models, static reports and inconsistent assumptions.

Modo Energy has raised $30 million in Series B funding to build a more consistent valuation layer for the electrification economy. Molten Ventures led the round, with ETF Partners participating and existing investors MMC Ventures and Fred. Olsen Limited returning. Molten reported the same financing as £25 million.

Founded by Quentin Scrimshire and Tim Overton, the UK company provides regulated benchmarks, revenue forecasts and market analysis for teams developing, financing and operating energy assets.

Electrification has grown faster than its financial tools

Energy projects are becoming more complex as batteries, renewables and flexible assets operate across different markets, revenue streams and regulatory systems.

Modo Energy’s pitch is that the industry needs one transparent framework for comparing performance, forecasting income and assessing risk. Its models are built internally, supported by proprietary benchmark data and structured for investment, valuation and credit workflows. The company says billions of dollars of assets have already been underwritten, valued or operated using its intelligence.

The product is increasingly aimed at the financial decisions behind infrastructure – not only the daily operation of a battery.

From static reports to software-run forecasts

The Series B will support a shift from conventional consultancy-style documents toward forecasts delivered as live, programmable software.

Modo Energy plans to offer cloud-run models and APIs that customers can interrogate directly, allowing investment teams to test scenarios rather than waiting for another report. Its longer-term ambition is to create a consistent valuation standard across regions and asset types.

The company is also placing AI at the center of that workflow. Its Ko product is designed to help users question energy-market data, forecasts and asset economics through a conversational interface.

Five markets are meant to become twenty

Geographic expansion is a central part of the AI plan.

Modo Energy wants to grow its coverage from five markets to 20 across Europe, North America and Asia-Pacific while maintaining the same modelling and benchmark standards. Its platform is already used by more than 3,000 teams globally, according to Molten Ventures.

That expansion matters because energy assets are difficult to compare across borders. Market design, grid rules and revenue opportunities change significantly between regions.

A shared methodology could make portfolios easier to evaluate – but only if the underlying models remain credible as coverage widens.

The real product is confidence

Modo Energy is not financing the energy transition directly. It is trying to reduce the uncertainty around the capital that does.

Clearer benchmarks can help investors compare assets. More transparent forecasts can support lending decisions. Faster scenario analysis can help developers decide which projects deserve to move forward.

The $30 million round gives Modo Energy more room to become the financial operating layer behind those decisions. The harder task is maintaining independence, transparency and forecasting accuracy as both the platform and the asset classes it covers become more complex.

Source : Modo Energy Official Announcement