Just understanding the basics of the Balancing Mechanism is a big challenge.
But truly understanding the market is almost impossible until you’ve seen the mechanisms in action in real-time.
For analysts looking at past or future opportunities in the Balancing Mechanism, a real-time view of the market unlocks a whole new world of decision making...
So that's what we've built...
All of the charts in the new, curated view of the Balancing Mechanism are also ready for you to bring into your own custom views.
It's really important to us that we remain focused on building tools that genuinely and materially solve problems for analysts working across the energy industry.
If you want to make sure we're building tools that make a difference to you then we'd love to chat.
The release on Thursday 09 November 2023 included two key improvements:
You can now view the GB BESS Indices for individual months when you're in the All view.
But don't worry, the more granular week-by-week view is still available when you view a year at a time.
Feeling lazy? We've brought all of the key data from the Electric Reliability Council of Texas (ERCOT) into a single, easy-to-use API, that's accessible from across the globe.
Want to know more about the landscape for battery energy storage in ERCOT?
You can now create fully custom views of energy market data with Modo. Helping you to spot the opportunities and trends that matter most to your team.
With this early release you have access to data from across Great Britain's electricity system and data on frequency response services relevant to battery energy storage.
Right now you have access to 36 charts, but with every release we'll be bringing more and more into the library. We'd love to hear more about the data you want to see and how you want to see it.
You can now compare the performance of battery energy storage systems with ease.
This release also includes a step change in how we provide forecasted revenues, the ability to pin assets, and more.
Quickly understand differences in revenue strategies and performance of battery energy storage with the new comparison tool (only available to Benchmarking Pro users).
Pin individual BMUs, batteries, or comparisons and save time on searching for your favorite assets.
Plug numbers into your business case knowing that it reflects real operational performance.
We've spent the time comparing best-case revenues against the numbers in the Leaderboard so that you can see the full range of revenue outlooks.
We've also added way more pre-loaded scenarios so you can dig deeper into how duration, location, and degradation impacts the future.
We'd love to chat about how you use the platform and how we can make your work-life as an analyst in the energy industry even better.
Our latest release probably went unnoticed to most people. But that doesn't stop us wanting to keep you all informed on our efforts to make an amazing tool for you...
The release on Thursday 19 October 2023 included a load of fixes and improvements across the platform, including:
After a period of our releases being hidden from view, since the launch of Modo Energy 2.0 we're aiming to ship new products, features, and improvements at least every two weeks.
If you want to help make sure the tools we're building work best for you, then we'd love to chat through our roadmap and make sure you have your say.
It's only been 8 days since we launched Modo Energy 2.0. But with releases to the platform every two weeks, we're already ready for Update 2.1.
You can now:
Build a full picture of battery energy storage assets in Electric Reliability Council of Texas (ERCOT)
Understand, compare, and track revenue performance in ERCOT like never before with the ERCOT BESS Indices, ERCOT Leaderboard, and Asset Explorer.
All available via API.
Navigate the run library with ease with filters on key input data
As more pre-loaded runs get added, filters help you compare asset configurations and future scenarios like never before.
Want to compare the future for 2-hr assets compared to 4-hrs? In just a few clicks you've got all the data you need without having to trawl through slide decks or commission another report.
Get Modo Energy research updates in real-time with the new RSS feed.
Bring the latest Modo Energy Research into your systems and dashboards in real-time. Try it out
We'd love to chat about how you use the platform and how we can make your work life as an analyst in the energy industry better!
We’re on a mission to build the information architecture for the energy transition.
Today, we’re excited to announce Modo Energy 2.0 - the next phase of our product to help us achieve this mission.
The BESS Index goes realtime.
Now running every settlement period, 24/7/365.
Say goodbye to black-box forecasts and market consultants.
Trusted by the biggest banks in the world. Configurable for your asset.
Whatever you need. Find it with Dynamic Search.
Search assets, markets, benchmarks, datasets, research articles and more. All in one place.
Prefer keyboard shortcuts? Hit cmd/ctrl +K to turbocharge your workflow.
Explore assets with incredible detail.
Monitor revenues, markets, physical and dynamic data - all in one place.
Whether you’re an asset owner, optimiser, trading desk, or financial institution, API 2.0 has it all.
Unlimited API calls as standard.
The Netflix of the energy transition.
World-class updates and insights, delivered directly from Modo Energy Studios.
And, there’s so much more. Head to modoenergy.com to get started.