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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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US grid-scale storage leaps 63%, residential 132%
A report from the American Clean Power Association (ACP) and Wood Mackenzie indicates the utility-scale energy storage sector added 4.9 GW in the April-to-June quarter, representing 63% year-on-year growth, while residential storage increased by 608 MW.
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Italian lender: Banks will tolerate 10% merchant operation of MACSE-tendered batteries
The opening session of the Italia Solare conference on finance and bankability for solar and battery energy storage systems (BESS) considered how the Mercato a termine degli stoccaggi (MACSE) auction could shape the Italian storage market. Elemens Partner Salvatore Casa predicted auction-set storage payments could be 'very far' below the €32,000 ($38,000)/MWh cap initially suggested.
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