At Modo Energy, we’re on a mission to help energy professionals allocate resources effectively in the energy transition. Since we launched in 2020, we’ve been making it easier for the energy storage community to understand how grid-scale battery assets and energy markets fit together.
First, we started with Benchmarking software to analyze past performance. Then, we launched market Indices that established a baseline for fleet revenues, which have become the industry standard in GB and Texas.
In 2022, we embarked on our most ambitious journey ever - to build bankable power market models from scratch, to move forecasting workflows to the cloud, and to put users in control.
Since then, our forecasts have gained bankability across the financial landscape. The largest energy storage funds in the UK use Modo Energy to calculate NAV, the largest banks in Europe approve Modo Energy for equity and debt finance, and the largest utilities underwrite billions of dollars of investment using Modo Energy forecasts.
We are proud and honored to support these incredible businesses that make such a massive impact on the energy transition. But, bankability is not enough - we also need to build the software ecosystem around our models to put users in control.
Users need one place to analyze their portfolio, forecast revenues, and stay on top of the market. They need an entirely new workflow enabling them to manage, operate, and value their operational and development assets all in one place.
This is why we built The Terminal. Now, energy storage professionals can build a portfolio, analyze performance, forecast revenues with our bankable models, and stay on top of market developments - all in one place. Whether you’re a developer, utility, owner, operator, or lender in the USA, GB (or Australia and Europe soon) - it’s all on The Terminal.
We also built tons of new features and enhancements across Platform, Indices, Benchmarking, Research, and Data Explorer.
All-New Data and Forecasts Explorer
All of our forecasts are now accessible in our new Data & Forecasts Explorer to make it easier for you to understand and work with the Modo Energy forecasting models
Subscribers to our Business plan can now plot and download all of the data that sits behind revenues. Whether that’s power prices, technology build-out, or individual forecasts for your projects, you can dig into the data quickly and easily.
Portfolio: Blending real and forecasted revenues
Fed up with maintaining and managing tens (hundreds?) of spreadsheets to keep track of past, present, and future revenues? Meet Portfolio.
Whether at the development stage or commercially operational, now, you can build a picture of your assets’ past, present, and future performance all in one place. When you create a forecast in The Terminal, Modo automatically associates your forecast with a real entity, which is added to your Portfolio.
In Portfolio, your forecasts exist as more than just rows of numbers. Instead, they sit alongside historical revenues, performance metrics, and more. You can even upload documents such as site drawings, planning consents, business models, and commercial contracts. Now, your whole team has the context to be informed operators.
When you create a forecast, Portfolio provides a high-level estimate of the capital cost and internal rate of return for the project. With these estimates, you can quickly understand the trade-offs between size, duration, cost, and revenues for your pipeline of projects.
Upgrades everywhere.
The Terminal is a powerful new ecosystem for managing and exploring your assets, forecasts, and portfolio. But there’s much more. We’ve launched over 50 improvements and features throughout The Terminal that enable your whole team to build a more complete picture of BESS revenues. All of the tools you know and love are getting big upgrades.
Research
Now, your whole team can stay on top of the market. The Terminal offers quick filtering by topic, region, and author and an all-new search function.
Indices, benchmarks & assets
Indices and benchmarks make it quick and easy to track how battery energy storage systems are making money today. With the release of the Terminal, Asset Library has had a big makeover. You can now see assets’ revenues in the library itself. With a full date picker and quick filtering, you can create views that compare the revenue strategies of multiple assets in full detail in seconds.
Navigation and Customization
Bookmarks & a new sidebar
We’ve redesigned the entire product to minimize the number of clicks required for our most popular tools. We’ve also made navigation clearer and more complete. Now, with just one click, you can jump right into the section of the Terminal that you’re looking for.
With Bookmarks, you can save any page on the Terminal to come back to later. Whether that’s a filtered view of the Asset library showing the last month’s performance of your assets in a simple dashboard or a research article you know you want to reference - you can create a bookmark in seconds and be back whenever you need to be.
Documentation & support
Our documentation is a core part of our product. And so we’re doing more to make it more accessible. You can now access all of our documentation from the links at the bottom of the sidebar.
You can also reach our team more easily than ever. Not everyone notices the live chat function at the bottom right of the Terminal, so we’ve now added links to our live chat and our scheduling pages in the sidebar.