Quentin Scrimshire

Quentin Scrimshire co-founded Modo Energy in London in 2019 and is its chief executive. Modo Energy Limited was incorporated in May 2019, according to Companies House. An electrical engineering graduate of the University of Manchester, Scrimshire worked as a power systems engineer at Centrica and later led European operations at Kiwi Power, an energy storage aggregator later acquired by ENGIE, he told Leaders in Cleantech.

From reports to an AI analyst

Modo sells benchmarking, forecasting and valuation data for battery storage, renewables, data centers and flexible loads. Investors, developers, owners and operators use it to value assets and compare how they perform. The company began by trying to build optimization software for batteries, Scrimshire said in the same interview, but found customers valued its benchmarking reports ranking battery operators against each other more, and rebuilt the business around them.

Its AI analyst, Ko, is now being developed into a tool that runs data analysis and reporting from start to finish. ESS News reported in July that Modo serves more than 200 investors, developers, owners and operators across 30 countries.

$52m in six months

In December 2025 Modo raised a £25m Series B led by Molten Ventures, with ETF Partners, MMC Ventures and Fred. Olsen. At the time it operated in five markets and planned to reach 20. In July 2026 it added a $17m (£12.7m) growth funding package from CIBC Innovation Banking to invest in Ko, hire more analysts, data scientists and engineers, and expand sales. By then it covered 15 energy markets across Europe, the US and Australia.

“When forecasts are bankable, capital flows and projects get built. That’s the standard we hold ourselves to,” Scrimshire said in July.

Why it matters to UK buyers

As the UK adds battery storage and data centers compete for grid capacity, the investors, lenders and owners behind those assets need independent numbers before they commit capital. Modo’s benchmarks and forecasts give them a common reference for what an asset should earn and how it compares with its peers. For data center operators and the IT buyers negotiating power for them, energy-market data of this kind is becoming part of the site and supply decision.

Scrimshire turned an early pivot into a data business that now sets reference points in 15 markets. The next step, an AI analyst that does the modeling work itself, would move Modo from supplying the numbers to producing the analysis.