

Transmission
Modo Energy
Transmission is the weekly podcast from Modo Energy, the global standard for benchmarking and valuing electrification assets. Each episode, we sit down with the sharpest minds in energy, finance, climate, and technology - to unpack the forces reshaping our power systems. From market design and trading strategies to emerging technologies and investment flows, Transmission explores how innovation and capital are colliding to accelerate the shift toward a net-zero world. Guests range from founders and policymakers to traders, engineers, and investors - the people actually building the future of energy and electrification. If you want to understand how renewables, energy storage, and markets fit together - and what it means for business, climate, and society - Transmission is your guide to the clean energy economy. Want all the latest power market news, analysis, price indices, and video content from your region - delivered to your inbox, every week? Head to modoenergy.com to sign up for our free Weekly Dispatch newsletter.
Episodes
Mentioned books

Aug 12, 2025 • 47min
Deployment vs Development: The Real Net Zero Challenge with Guy Newey (Energy Systems Catapult)
We already have many solutions needed to decarbonise the grid, wind, solar, storage, and electrification solutions are proven and ready to go. But the real challenge now is speed: getting these technologies into the market, at scale, in a way that works for consumers, industry, and the grid.It’s about optimising what we already have, removing bottlenecks, and aligning the policy, regulation, and market frameworks that will allow these solutions to flourish. From integrating heat pumps at pace to rethinking the incentives that drive investment, the next decade will be defined by how quickly we can turn ambition into delivery.In this episode of Transmission, Guy Newey, Chief Executive of Energy Systems Catapult, joins Ed to explore where the UK’s focus should be, how to overcome the biggest barriers to scale, and why putting consumers at the heart of system design is critical to net zero success.key topics covered:Why innovation, not just new inventions, will determine net zero timelines.How to integrate more heat pumps into the energy system at pace.The role of consumer-centric design in decarbonising homes and transport.What market reforms mean for investment and innovation in GB. Where policy and industry alignment is critical to scaling proven tech.About our guestsGuy Newey is Chief Executive of Energy Systems Catapult, the UK’s innovation centre dedicated to accelerating the transition to net zero. With a career spanning government policy, think tank leadership, and industry strategy, Guy has worked at the heart of the UK’s clean energy transformation. He brings deep expertise in how markets, regulation, and innovation interact and how to turn proven technology into system-wide change. At Energy Systems Catapult, he leads efforts to design, test, and scale the solutions that will decarbonise heat, power, and transport while keeping consumers at the centre of the transition. For more information on what Energy Systems Catapult do - head to their website.About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Aug 12, 2025 • 47min
Deployment vs Development: The Real Net Zero Challenge with Guy Newey (Energy Systems Catapult)
We already have many solutions needed to decarbonise the grid, wind, solar, storage, and electrification solutions are proven and ready to go. But the real challenge now is speed: getting these technologies into the market, at scale, in a way that works for consumers, industry, and the grid.It’s about optimising what we already have, removing bottlenecks, and aligning the policy, regulation, and market frameworks that will allow these solutions to flourish. From integrating heat pumps at pace to rethinking the incentives that drive investment, the next decade will be defined by how quickly we can turn ambition into delivery.In this episode of Transmission, Guy Newey, Chief Executive of Energy Systems Catapult, joins Ed to explore where the UK’s focus should be, how to overcome the biggest barriers to scale, and why putting consumers at the heart of system design is critical to net zero success.key topics covered:Why innovation, not just new inventions, will determine net zero timelines.How to integrate more heat pumps into the energy system at pace.The role of consumer-centric design in decarbonising homes and transport.What market reforms mean for investment and innovation in GB. Where policy and industry alignment is critical to scaling proven tech.About our guestsGuy Newey is Chief Executive of Energy Systems Catapult, the UK’s innovation centre dedicated to accelerating the transition to net zero. With a career spanning government policy, think tank leadership, and industry strategy, Guy has worked at the heart of the UK’s clean energy transformation. He brings deep expertise in how markets, regulation, and innovation interact and how to turn proven technology into system-wide change. At Energy Systems Catapult, he leads efforts to design, test, and scale the solutions that will decarbonise heat, power, and transport while keeping consumers at the centre of the transition. For more information on what Energy Systems Catapult do - head to their website.About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Aug 7, 2025 • 39min
What’s Holding Back Clean Energy Investment in Australia with Belinda Cogswell (EY)
Billions in private capital are looking to back clean energy in Australia. But connecting those dollars to real projects isn't as simple as it sounds.From shifting policy environments to underdeveloped contracting models, developers and investors are navigating a fast-evolving energy landscape. Getting projects built, whether transmission, generation, or storage, requires more than just a good business case. It demands the right financial structures, policy clarity, and risk-sharing mechanisms.In this episode of Transmission, Belinda Cogswell, Partner at EY’s Energy Lead Advisory team, joins Wendel to unpack what’s working and what’s holding things back when it comes to financing Australia’s energy transition. Over the course of the conversation, they discuss:⚡ Why financial advisory has become central to delivering energy transition infrastructure.Belinda's role in the recently launched Waratah Super Battery Project. What’s missing in contracting models for large-scale renewables and storage. How to structure deals in the face of market reform, volatility, and rising complexity. Why better alignment between public and private capital is critical to net zero timelines. About our guestBelinda Cogswell is a Partner in EY’s Energy Lead Advisory team, where she advises on the financing and structuring of major energy transition projects across Australia. With a background that spans investment banking, infrastructure advisory, and public sector experience in the New South Wales government, Belinda works at the intersection of policy, private capital, and commercial delivery.About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week. #BatteryStorage #EnergyStorage #GridScaleBatteries #AustraliaEnergyMarket #RenewableEnergy #EnergyTransition #FinancingRenewables #BatteryProjects #NetZero #CapacityInvestmentScheme #MerchantRisk #WaratahSuperBattery

Aug 5, 2025 • 29min
Pumped Thermal Energy: the Overlooked Storage Solution with Alexis Dole (SynchroStor)
As the grid decarbonises, our need for flexible, affordable, and longer-duration energy storage is growing fast. But are we overlooking some of the best tools for the job?Whilst lithium-ion and pumped hydro dominate the energy storage conversation, thermal energy storage offers a low-cost, scalable alternative that could complement renewables at massive scale.Explore how pumped thermal energy storage works, what makes it commercially compelling, and why it deserves more attention in the conversation around grid flexibility and net zero. In this episode, Alexis Dole, CTO at SynchroStor, joins Quentin. Over the course of the conversation they discuss: What sets thermal energy storage apart from alternatives like lithium-ion and pumped hydro. Why Synchrostor is betting on crushed rock and heat cycles over batteries. The storage challenge: balancing duration, cost, efficiency, and scale. How to design storage for real-world flexibility - not just peak shaving. Why the market undervalues long-duration storage and how that’s starting to shift.About our GuestAlexis Dole is Chief Technology Officer at Synchrostor, a UK-based company developing pumped thermal energy storage solutions. With a background in mechanical and energy systems engineering, Alexis leads the development of novel long-duration storage technologies designed to integrate clean energy more effectively into the grid. For more information on SynchrStore - head to their website. About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Aug 5, 2025 • 29min
Pumped Thermal Energy: the Overlooked Storage Solution with Alexis Dole (SynchroStor)
As the grid decarbonises, our need for flexible, affordable, and longer-duration energy storage is growing fast. But are we overlooking some of the best tools for the job?Whilst lithium-ion and pumped hydro dominate the energy storage conversation, thermal energy storage offers a low-cost, scalable alternative that could complement renewables at massive scale.Explore how pumped thermal energy storage works, what makes it commercially compelling, and why it deserves more attention in the conversation around grid flexibility and net zero. In this episode, Alexis Dole, CTO at SynchroStor, joins Quentin. Over the course of the conversation they discuss: What sets thermal energy storage apart from alternatives like lithium-ion and pumped hydro. Why Synchrostor is betting on crushed rock and heat cycles over batteries. The storage challenge: balancing duration, cost, efficiency, and scale. How to design storage for real-world flexibility - not just peak shaving. Why the market undervalues long-duration storage and how that’s starting to shift.About our GuestAlexis Dole is Chief Technology Officer at Synchrostor, a UK-based company developing pumped thermal energy storage solutions. With a background in mechanical and energy systems engineering, Alexis leads the development of novel long-duration storage technologies designed to integrate clean energy more effectively into the grid. For more information on SynchrStore - head to their website. About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Jul 31, 2025 • 46min
Sharing Power Across Borders: The Role of Interconnectors with Rebecca Sedler (National Grid)
As wind and solar ramp up in Europe and Great Britain, one thing becomes clear - clean energy works better when it’s connected. Interconnectors are high capacity cables linking electricity grids between countries, and are critical to making the most of renewable power. They help move surplus wind across borders, balance supply and demand in real time, and can help reduce costs for consumers. The more we build, the more efficiently we can use clean energy across the whole of the UK and Europe.In this episode of Transmission, Rebecca Sedler, Managing Director of Interconnectors at National Grid, joins Ed to explain how these workhorses of the energy system operate and why they’re set to play an even bigger role in the future grid.Over the conversation, we’ll explore:• How interconnectors enable cross-border power flows and real-time system balancing.• How the UK moves electricity in and out of Europe in real time.• The role of interconnectors in reducing curtailment and maximising renewable asset utilisation.• Market coupling, price convergence, and the impact on system cost and consumer bills.• How projects like LionLink could help build a North Sea power grid.About our guestRebecca Sedler is Managing Director of Interconnectors at National Grid, where she leads the team responsible for the UK’s network of subsea links with Europe. With a background in energy trading and commercial strategy, she brings a systems-wide perspective to one of the most complex and essential pieces of our future electricity infrastructure. For more information head to the National Grid website. About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Jul 31, 2025 • 46min
Sharing Power Across Borders: The Role of Interconnectors with Rebecca Sedler (National Grid)
As wind and solar ramp up in Europe and Great Britain, one thing becomes clear - clean energy works better when it’s connected. Interconnectors are high capacity cables linking electricity grids between countries, and are critical to making the most of renewable power. They help move surplus wind across borders, balance supply and demand in real time, and can help reduce costs for consumers. The more we build, the more efficiently we can use clean energy across the whole of the UK and Europe.In this episode of Transmission, Rebecca Sedler, Managing Director of Interconnectors at National Grid, joins Ed to explain how these workhorses of the energy system operate and why they’re set to play an even bigger role in the future grid.Over the conversation, we’ll explore:• How interconnectors enable cross-border power flows and real-time system balancing.• How the UK moves electricity in and out of Europe in real time.• The role of interconnectors in reducing curtailment and maximising renewable asset utilisation.• Market coupling, price convergence, and the impact on system cost and consumer bills.• How projects like LionLink could help build a North Sea power grid.About our guestRebecca Sedler is Managing Director of Interconnectors at National Grid, where she leads the team responsible for the UK’s network of subsea links with Europe. With a background in energy trading and commercial strategy, she brings a systems-wide perspective to one of the most complex and essential pieces of our future electricity infrastructure. For more information head to the National Grid website. About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Jul 29, 2025 • 56min
What’s Next for Gas in a Renewable-Powered Grid with Tom Glover (RWE)
As renewables dominate more of the UK grid, the role of gas is being fundamentally redefined.
It’s no longer the workhorse it once was, but we’re still going to need a lot of it. Even if gas makes up just 5% of electricity generation by 2030, we could still need around 35GW of capacity to back up wind and solar when the weather doesn’t play ball. Transitioning from today's two-shift, baseload model to one that acts more like a strategic reserve in an intermittent, renewables-driven system. In this episode of Transmission, Tom Glover, UK Country Chair for RWE, joins the podcast to explore the future of gas in a net-zero electricity system, the realities of hydrogen and CCS retrofits, and what it will take to revive onshore wind in Great Britain.
Key topics include:Why the UK still needs 35GW of gas capacity, even as generation declines.What hydrogen and CCS really mean for the future of thermal plants.How gas is shifting from a baseload resource to a flexibility reserve.Why market design and investment signals must evolve for net zero.What’s holding back UK onshore wind and how to fix it.About our guestTom Glover is the UK Country Chair at RWE, which operates Britain’s largest power generation fleet. With more than two decades of experience in the energy sector, Tom brings a wide-angle view of how the UK’s electricity system is changing from fossil fuels to renewables, and everything in between. He also chairs RWE’s UK renewables business and holds board roles at Energy UK and the Carbon Capture and Storage Association, making him a key voice in the country’s energy transition conversation.About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

Jul 29, 2025 • 56min
What’s Next for Gas in a Renewable-Powered Grid with Tom Glover (RWE)
As renewables dominate more of the UK grid, the role of gas is being fundamentally redefined.
It’s no longer the workhorse it once was, but we’re still going to need a lot of it. Even if gas makes up just 5% of electricity generation by 2030, we could still need around 35GW of capacity to back up wind and solar when the weather doesn’t play ball. Transitioning from today's two-shift, baseload model to one that acts more like a strategic reserve in an intermittent, renewables-driven system. In this episode of Transmission, Tom Glover, UK Country Chair for RWE, joins the podcast to explore the future of gas in a net-zero electricity system, the realities of hydrogen and CCS retrofits, and what it will take to revive onshore wind in Great Britain.
Key topics include:Why the UK still needs 35GW of gas capacity, even as generation declines.What hydrogen and CCS really mean for the future of thermal plants.How gas is shifting from a baseload resource to a flexibility reserve.Why market design and investment signals must evolve for net zero.What’s holding back UK onshore wind and how to fix it.About our guestTom Glover is the UK Country Chair at RWE, which operates Britain’s largest power generation fleet. With more than two decades of experience in the energy sector, Tom brings a wide-angle view of how the UK’s electricity system is changing from fossil fuels to renewables, and everything in between. He also chairs RWE’s UK renewables business and holds board roles at Energy UK and the Carbon Capture and Storage Association, making him a key voice in the country’s energy transition conversation.About Modo EnergyModo Energy helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our bite-sized video series breaking down how power markets work. Sign up to the Modo Energy Weekly Dispatch for expert insights on energy storage, market shifts, and policy updates - delivered straight to your inbox every week.

27 snips
Jul 24, 2025 • 38min
How Battery Route to Market Structures Impact Investment with Victoria Upton (bp)
Victoria Upton, European Power Originator at bp, dives into the intricacies of battery energy storage and its commercialization. She highlights why tolling agreements are becoming crucial for mitigating risk in revenue streams. The discussion also unveils how the choice of optimizer can significantly affect contract returns. Upton explains the advantages of virtual battery swaps as flexible hedging tools and discusses the impact of co-locating solar and storage on profitability. Splitting large batteries into smaller management units is revealed as a smart strategy for maximizing revenue and control.