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Modo Energy raises $33M and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
Dec 03, 2025
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Romania: $150 million for storage in municipalities, funding for 500 MWh battery project
Energy Minister Bogdan Ivan has unveiled a new €150 million energy storage program, expected to deliver 385 MW of battery storage projects across Romanian municipalities. Meanwhile, one of the country’s largest standalone battery storage projects has secured financing.
Three emerging structures for solar-plus-storage PPAs
The PPA price for pure photovoltaic projects has fallen by 20% over the past year, making such contracts less competitive. However, clear structures for bankable hybrid PPAs are now beginning to take shape, says Pieter van der Mullen, Senior Account Manager at LevelTen Energy, in an interview with pv magazine.
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‘The battery market is far from saturated’
Cornex Chairman Dai Deming discusses battery prices and R&D prospects in an exclusive interview with pv magazine. He says the company’s effective production capacity exceeded 110 GWh in the first quarter of 2025, ranking second in the lithium-ion battery industry.
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