Transmission 23 - What Asset Success looks like for energy storage (Quentin Draper-Scrimshire, CEO @ Modo Energy)
Aug 3, 2022
Quentin Draper-Scrimshire, CEO and co-founder of Modo Energy, shares his dynamic journey through the energy sector, from engineering roots to leading an innovative startup. He dives into the vital concept of Asset Success, emphasizing the need for data and forecasting in optimizing battery energy storage. Discussing the future, Quentin reflects on the role of hydrogen, anticipated battery capacity growth, and hurdles in achieving net-zero. His optimistic vision for the energy landscape and Modo's efforts to innovate illustrate a promising path forward in energy storage.
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Quentin's Diverse Energy Journey
- Quentin's early career combined engineering and a passion for electronic music in Manchester.
- He transitioned from nuclear to offshore energy and then into batteries, gaining diverse energy sector experience.
Modo's Crucial Pivot to Benchmarking
- Modo pivoted from developing an optimizer to focusing on benchmarking due to limited resources and a crowded market.
- This pivot started from a desperate decision but ended up defining their company's successful direction.
Failures Fuel Startup Growth
- Embrace failure as a sign of progress and risk-taking in a startup.
- When features fail, learn quickly, avoid repeating mistakes, and adapt leadership accordingly.