Leaders in Cleantech Leaders In Cleantech #148 Quentin 'Q' Scrimshire – Modo Energy
11 snips
Sep 18, 2024 Quentin 'Q' Scrimshire, Co-founder and CEO of Modo Energy, brings over a decade of expertise in battery energy storage. He discusses innovative forecasting solutions for energy assets, even before they're built. The conversation delves into Modo's rapid expansion in the US, Europe, and Australia. Quentin shares his personal journey from engineering to entrepreneurship, the importance of team dynamics, and the challenges of fundraising. He emphasizes transparency within his company to build trust and discusses the critical role of customer engagement.
AI Snips
Chapters
Books
Transcript
Episode notes
Value Storage By Future Cash Flows
- Grid-scale storage must be valued by forecasted future cash flows, not just build cost or capacity.
- Modo helps owners benchmark past performance and forecast future revenues to support valuation and reporting.
From Rooscoat To Founding Modo
- Quentin describes working on Europe's then-largest 50MW battery project, Rooscoat, and how it ignited his interest in storage.
- He later joined Kiwi Power, loved the growth environment, and left after its acquisition to start Modo with a school friend.
Leaderboard Pivot Became Core Product
- Modo began as a low-cost optimizer but customers loved the benchmarking leaderboard produced during testing.
- That viral leaderboard evolved into a live platform, benchmark, and industry index used by many firms.
