A British company that wants to become the go-to data platform for renewable energy just raised $15 million in a Series A funding round. London-based Modo Energy, which was founded in 2019, has developed a software-as-a-service data platform to help renewable energy owners, operators, and investors navigate the market and ultimately make more money. The startup operates a "freemium" software-as-a-service business model with three tiers, including free access to a paid version for university students. Modo Energy is also working with co-located solar and storage facilities, so that batteries are charged with solar before the energy is sold onto the grid. Check out the pitch deck Modo Energy used to raise the cash injection below.

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Persons: Morningstar, Quentin Scrimshire, Banks, Fred Olsen, Scrimshire Organizations: Modo Energy, Business, Reuters, Bloomberg, MMC Ventures, Triple Point Ventures, Fred, Fred Olsen Limited, Catalyst Capital Locations: London, Texas