Banking on Better Benchmarks | Molten’s leads £25m Series B investment in Modo Energy

Banking on Better Benchmarks | Molten’s leads £25m Series B investment in Modo Energy

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Molten News
Molten News
PLC Climate Tech Series B

We’re pleased to announce our lead investment in Modo Energy’s £25 million Series B round. The round was also backed by ETF Partners, MMC Ventures, and Fred. Olsen Limited.

The Data Engine Behind Electrification 

Modo Energy is redefining how the world benchmarks and forecasts the performance of batteries, electrification assets, and grid infrastructure. Their market data platform delivers independent benchmarks, revenue forecasts, and analytics for electrification assets, helping investors and operators make informed decisions. With a single, intuitive interface, Modo turns complex market data into actionable insights—trusted by leading players across the energy sector.

Backing the Benchmark Builders

As electrification accelerates globally, trillions of dollars are being deployed into batteries, renewables, data centres, and flexible loads. Yet valuation tools remain slow, fragmented, and dependent on static reports. Modo Energy is transforming this process by building AI-powered, software-driven valuation systems that give the world transparent, bankable intelligence for long-term infrastructure decisions.

Modo Energy’s benchmarks, forecasts, and modelling outputs are already used by major asset owners, operators, and financiers across Europe, North America, and APAC. Billions of dollars of assets have been underwritten, operated, and valued using Modo’s intelligence.

We’re backing Modo because they have demonstrated strong execution, from early traction to sector leadership. Their growth reflects a real understanding of customer needs, high win rates, and expanding international reach. With a talented team and a clear vision, Modo is well positioned to become the definitive data layer for the electrification of the energy system, both in Europe and globally.

Charging Up for Global Growth

This investment will enable Modo to accelerate its growth and scale its impact globally. With the new funding, Modo plans to expand from 5 to 20 markets, bringing its trusted benchmarks and forecasts to more regions and customers. The team will grow across engineering, data science, and customer support, strengthening the platform and user experience as they scale bankable insights across batteries, solar, wind, data centres, and flexible loads.

Modo will also deploy advanced AI-powered valuation systems, empowering customers to interact directly with models, scenarios, and transparent intelligence—moving decisively beyond traditional consultancy-driven analysis. These resources will deepen the global adoption of Modo’s benchmark and valuation standards, keeping the company at the forefront of energy data and enabling better decisions as the world transitions to cleaner, more flexible power.

We’re proud to support Modo Energy on the next stage of their journey and look forward to supporting their mission to bring transparency and intelligence to the future of energy.

What the Team Says

“AI has the potential to transform how the world values and finances electrification. Modo Energy is uniquely positioned to lead this shift because it owns the entire modelling stack and has already established the trust required across the financial ecosystem.”
“We’ve been impressed by the team’s deep sector expertise, strong execution, and ability to embed their product into customer workflows. We’re confident that Modo’s strong growth, focus, and global ambition will position them as the benchmark for energy market intelligence across Europe and beyond.”

George Chalmers, Head of Climate at Molten Ventures, commented

“We’re building the benchmarking and valuation operating system for global electrification - and AI is central to that mission,” said Quentin Scrimshire, CEO and Co-Founder. “Because we own our entire modelling stack, we can deliver AI-powered, explainable valuation workflows that replace static analysis with dynamic intelligence systems. It’s a privilege to support our customers with tools worthy of the decisions they’re making.”

Quentin Scrimshire, CEO of Modo Energy said