Software

Modo Energy expands into Australian storage market

Battery analytics platform gears up to launch service for Australian grid-scale storage market.

By

Matthew Lynas

Sep 26, 2024

UK-based battery analytics platform Modo Energy is expanding to the Australian market. Founded in 2019, Modo Energy provides grid-scale battery energy storage system (BESS) analysis. It’s core offer comprises benchmarking, data, research and forecasting services.

The move to Australia follows expansion into the United States, where Modo Energy currently offers its services to the ERCOT electricity grid in Texas.

Wendel Hortop, market lead at Modo Energy, told ESS News that the company’s Australian office will be open for business in the fourth quarter of 2024, offering the same services as in the Great Britain and ERCOT energy markets.

“Australia is one of the fastest-growing battery energy storage markets worldwide with 8 GW of new capacity expected online over the next three years and Modo is expected to support this growth through our battery-focused data and insights,” said Hortop.

Last December, Modo Energy raised $15 million to finance new product development and develop international markets.

Written by

Matthew Lynas
Matthew Lynas joined pv magazine as features editor in 2023. An experienced business-to-business journalist, Matthew is responsible for features in our monthly global print title. Previously, he served as editor of a leading UK retail magazine, covering a broad range of issues including sustainability projects in the grocery and FMCG sectors.
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