Anesco enhances its asset optimisation service with Modo’s industry-leading market intelligence platform

Anesco has signed up to the industry’s most advanced energy storage market intelligence platform, as part of ongoing moves to accelerate and strengthen its asset optimisation capabilities.

Launched by cleantech start-up Modo Energy, the specialist platform provides subscribers with access to data on all GB energy storage assets, operators and aggregators. It offers a complete picture in real-time, including revenues, performance, trends and opportunities.

Anesco currently operates more than 165MW of storage capacity and optimises 85MW in the market, supporting investors to drive the greatest value from their renewable assets day-to-day. According to Alan Smallwood, Anesco optimisation director, the in-depth market intelligence available from Modo will be invaluable and is a clear differentiator.

Alan commented: “At Anesco, we are focused on developing the most advanced third-party asset optimisation service on the market and having access to high quality data and analytics will play a crucial role in that.”

He continued: “The information available through the Modo platform can give us a deep understanding for how different markets and assets are performing. Importantly, it offers an independent review of what’s going on and allows us to benchmark our results against the rest of the industry.”

As a leading player in the UK’s energy storage and solar markets, Anesco will not only be using Modo’s market intelligence to inform its own optimisation strategies but will be sharing feedback to help refine the platform and future product development.

Quentin Scrimshire, Modo Energy CEO, said: “At Modo, we harness the power of data science to help accelerate the UK’s transition to a low carbon energy system. Having the Anesco team on board is awesome, as both companies share ambitious plans for supporting the UK’s energy transition and recognise the role that data science has to play in that.”

He added: “We’ve got so many ideas and a packed product roadmap – this is only the start and we’re thrilled to have Anesco with us for the journey.”

Established in Reading in 2010, Anesco has developed in excess of 100 solar farms and is a UK market leader in energy storage, while its renewables operation and maintenance arm now has more than 1GW of renewable energy under management.

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