Modo: How data could make you millions in storage

What’s the difference between potentially making millions with energy storage assets and losing millions on them? Making the best use of data. That’s the view of Quentin Draper-Scrimshire, CEO and co-founder of Modo Energy. And the fact Modo has an ever-growing roster of clients indicates that a significant proportion of the market shares his view.

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Why cobalt question poses challenge for storage sector

It’s a lustrous, very hard, silvery metal and some would argue that the world’s prospects of bringing about the climate transition are being jeopardised by doubts about its future availability. Cobalt, which is found in the earth’s crust, has been identified as one of the metal ores which must be mined more extensively if storage is to play a key role in future energy systems around the globe. This is because cobalt increases both battery life and energy density. The problem is mining cobalt is fraught with difficulties.

Best and worst Euro nations for storage grid fees

Excessively large grid-related fees across much of Europe are stifling the wider deployment of energy storage. Indeed, critics argue that tariff structures in many European countries are failing to comply with the EU-level rules on electricity market regulation, which state that tariffs should be “cost-reflective” and not discriminate against energy storage.