In today's episode of Know Power, hosts Noha Sidhom and Mike Borgatti welcome Quentin Scrimshire, CEO and founder of Modo Energy. Quentin, known as Q, shares his journey from studying electrical engineering in the UK to leading a venture-backed startup in Austin, Texas. They discuss the rapid growth and potential of grid-scale batteries, the challenges of forecasting and optimizing energy storage, and the complexities of the energy market. Quentin provides insights into Modo Energy's innovative approach to data and market modeling, and his vision for the future of the energy industry. Tune in to learn about the transformative power of energy storage and the entrepreneurial spirit driving the energy transition.
Guest bio: Quentin ‘Q’ Scrimshire has over a decade of experience working in battery energy storage and power markets, covering asset development, financing, construction, trading and optimisation. Before co-founding Modo Energy in 2019, he led Kiwi Power’s European energy storage business (acquired by ENGIE). Previously, he was an engineer at Centrica PLC working on capital projects across offshore wind, oil & gas, thermal power, peaking plant and energy storage. He holds his Master’s Degree in Electrical Engineering from the University of Manchester.
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[00:01:41] Quentin's career journey and the founding of Modo Energy
[00:04:15] The potential and capabilities of grid-scale batteries
[00:06:13] Challenges and complexities of battery storage optimization
[00:09:45] Market dynamics and the impact of renewables on battery storage
[00:16:44] Entrepreneurial journey during Winter Storm Uri
[00:19:01] Growth and focus areas of Modo Energy's forecasting services
[00:21:07] Adapting from UK to US energy markets and regulatory complexities
[00:23:54] Expansion plans and the decision to move to Texas
[00:31:21] Lessons from the UK energy market and future vision for Modo Energy
[00:35:34] Accelerating the energy transition and the role of proven technologies
[00:42:26] Importance of human capital and educational initiatives at Modo Energy
[00:50:09] Long-term vision for Modo Energy and hiring opportunities
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