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Lessons Learnt 2.0 with Tim Overton and Quentin Scrimshire (Modo Energy)

12 snips
Sep 28, 2023
Quentin and Tim delve into the evolution of Modo Energy and the shifting landscape of the energy industry. They emphasize the importance of data in driving the energy transition and discuss how Modo’s mission is to create an all-in-one platform for energy asset owners. The conversation highlights lessons on user experience, company culture, and the significance of understanding competition. Additionally, they touch on strategies for empowering teams and the challenges of scaling a business in a dynamic market.
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INSIGHT

Build The Information Architecture

  • Modo's mission is to build the information architecture for the energy transition by centralizing data, research, and benchmarks.
  • They see the energy market maturing like finance, creating a new ecosystem for data and indices.
INSIGHT

Energy Markets Moving Toward Real Time

  • Markets are shifting from long-term contracts toward real-time trading and shorter settlement periods.
  • This real-time shift multiplies data volume and creates demand for better tools and analysis.
ADVICE

Replace Fragmented Consultancy Workflows

  • Consolidate consultancy outputs, data feeds, and forecasting into a single digital product rather than fragmented points of contact.
  • Let technology return power to users so they can act faster and with clearer insight.
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