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Ed Porter, Modo Energy
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We're racing toward a net-zero future. What does it mean for battery energy storage, power markets, and the people investing in them? We speak with investors, developers, grid operators, and policymakers to find out. Hosted by Ed Porter, International Regional Director at Modo Energy. We go deep on the forces reshaping power systems - from battery storage revenue and electricity trading to project finance, grid reliability, and market design. We cover the markets that matter: Great Britain, ERCOT (Texas), CAISO (California), PJM, Australia's NEM, and more. New episodes every Tuesday and Thursday. Watch or listen wherever you get your podcasts. Want the latest power market news between episodes? Sign up for our free Weekly Dispatch newsletter: bit.ly/TheWeeklyDispatch Transmission is a Modo Energy production. Modo Energy helps owners, operators, builders, and financiers of battery energy storage understand the market — and make the most of their assets. Topics: battery energy storage | BESS | power markets | energy markets | electricity trading | energy transition | renewable energy | grid | energy investment | project finance | storage valuation | capacity market | frequency response | ancillary services | ERCOT | CAISO | PJM | NEM | GB power market | energy podcast

  1. 1 DAY AGO

    What Makes a BESS Project Bankable in Germany? - NORD/LB

    The money for German battery storage exists. What's scarce is bankability - the clarity that lets a lender actually commit. What are banks really evaluating when they look at BESS projects in Germany and why regulatory uncertainty, grid connection risk, and the structure of offtake agreements can make or break the chances of getting debt across the line. In this conversation, Ed is joined by Florian Hock, Senior Director, Origination Energy Europe at NORD/LB to explore what separates a financeable BESS project from one that stalls. If you're developing, financing, or investing in battery storage in Germany or watching the market, this is the episode to understand what the financing layer actually looks like from the inside. 0:00 Introduction 0:57 Banks as advisors, not ATMs 2:50 Financial & regulatory hurdles 7:46 Defining bankability 9:01 Regulatory risks to revenues 10:25 Tolling contracts & capacity markets 16:37 The grid fees debate 19:03 Offtake 1.0 to 4.0 22:49 Germany vs UK valuations 25:10 Navigating ancillary saturation 27:49 The bankability framework 33:33 Beyond capital: NIBC's role 36:53 Grid connection delays 38:14 Flexible connection agreements 39:56 Lessons from the UK 43:31 One change for Europe #BatteryStorage #EnergyFinance #GermanEnergyMarket #BESS #EnergyTransition

    45 min
  2. What Makes a BESS Project Bankable in Germany? - NORD/LB

    1 DAY AGO · VIDEO

    What Makes a BESS Project Bankable in Germany? - NORD/LB

    The money for German battery storage exists. What's scarce is bankability - the clarity that lets a lender actually commit. What are banks really evaluating when they look at BESS projects in Germany and why regulatory uncertainty, grid connection risk, and the structure of offtake agreements can make or break the chances of getting debt across the line. In this conversation, Ed is joined by Florian Hock, Senior Director, Origination Energy Europe at NORD/LB to explore what separates a financeable BESS project from one that stalls. If you're developing, financing, or investing in battery storage in Germany or watching the market, this is the episode to understand what the financing layer actually looks like from the inside. 0:00 Introduction 0:57 Banks as advisors, not ATMs 2:50 Financial & regulatory hurdles 7:46 Defining bankability 9:01 Regulatory risks to revenues 10:25 Tolling contracts & capacity markets 16:37 The grid fees debate 19:03 Offtake 1.0 to 4.0 22:49 Germany vs UK valuations 25:10 Navigating ancillary saturation 27:49 The bankability framework 33:33 Beyond capital: NIBC's role 36:53 Grid connection delays 38:14 Flexible connection agreements 39:56 Lessons from the UK 43:31 One change for Europe #BatteryStorage #EnergyFinance #GermanEnergyMarket #BESS #EnergyTransition

    45 min
  3. Speed to Power vs Net Zero: The Data Center Dilemma - Clarke Energy

    3 DAYS AGO · VIDEO

    Speed to Power vs Net Zero: The Data Center Dilemma - Clarke Energy

    The AI boom has created an energy problem no one quite planned for. Every new data center needs power now - not in three years when the grid connection finally arrives. Developers are skipping the queue, installing on-site generation at a scale that would have seemed extraordinary five years ago. But speed to power isn't the only pressure. Data center operators are also staring down net zero commitments, sustainability departments that want decarbonisation, and an energy trilemma of cost, carbon, and resilience. In this episode Alejandro is joined by Alex Marshall, Group Business Development and Marketing Director at Clarke Energy. Alex explains why gas engines have become the bridging technology of choice for hyperscale data centers, what a 450 MW peaking station outside London actually looks like, and whether the engineering department and the sustainability team will ever agree. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Alejandro De Diego - US Market Analyst Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters - 0:00 — Introduction - 1:44 — Guest intro: Alex Marshall & Clarke Energy - 3:30 — Data centers and the shift to self-generation - 5:00 — The inflection point: Ireland to the US - 7:00 — Biggest project: 450 MW peaking station, London - 7:45 — Gas engines vs batteries: what fills the dunkelflaute gap - 9:00 — What US data centers actually buy - 10:20 — The net zero pathway for gas engines - 14:00 — Speed to power vs cost savings - 17:00 — Europe vs US: sustainability and energy culture - 18:00 — 45Y production tax credit: what's at stake - 22:10 — Clarke Energy's business model - 22:40 — Project highlights: Ireland, Indiana, Nigeria, Romania - 25:00 — The contrarian view: biogas & organic waste

    29 min

  4. 3 DAYS AGO

    Speed to Power vs Net Zero: The Data Center Dilemma - Clarke Energy

    The AI boom has created an energy problem no one quite planned for. Every new data center needs power now - not in three years when the grid connection finally arrives. Developers are skipping the queue, installing on-site generation at a scale that would have seemed extraordinary five years ago. But speed to power isn't the only pressure. Data center operators are also staring down net zero commitments, sustainability departments that want decarbonisation, and an energy trilemma of cost, carbon, and resilience. In this episode Alejandro is joined by Alex Marshall, Group Business Development and Marketing Director at Clarke Energy. Alex explains why gas engines have become the bridging technology of choice for hyperscale data centers, what a 450 MW peaking station outside London actually looks like, and whether the engineering department and the sustainability team will ever agree. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Alejandro De Diego - US Market Analyst Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters - 0:00 — Introduction - 1:44 — Guest intro: Alex Marshall & Clarke Energy - 3:30 — Data centers and the shift to self-generation - 5:00 — The inflection point: Ireland to the US - 7:00 — Biggest project: 450 MW peaking station, London - 7:45 — Gas engines vs batteries: what fills the dunkelflaute gap - 9:00 — What US data centers actually buy - 10:20 — The net zero pathway for gas engines - 14:00 — Speed to power vs cost savings - 17:00 — Europe vs US: sustainability and energy culture - 18:00 — 45Y production tax credit: what's at stake - 22:10 — Clarke Energy's business model - 22:40 — Project highlights: Ireland, Indiana, Nigeria, Romania - 25:00 — The contrarian view: biogas & organic waste

    29 min
  5. The Rise of Big Batteries in Australia's Energy Markets - Neoen

    4 MAR · VIDEO

    The Rise of Big Batteries in Australia's Energy Markets - Neoen

    Australia has built one of the world's most competitive battery storage markets — and it got there faster than almost anywhere else on the planet. What started as an experiment in South Australia in 2017 has grown into a mature, multi-gigawatt industry that is now redefining what grid-scale batteries can do. In this episode of Transmission, host Wendel Hortop sits down with Jérémie Yvon, Head of Energy Management at Neoen Australia, to explore how one of the country's largest renewable energy companies is navigating the rapidly evolving battery landscape across both the National Electricity Market (NEM) and the Western Australian Electricity Market (WEM). They cover the maturation of the Australian battery market, how Neoen structures battery revenue across two very different market designs, the rise of virtual batteries and firm renewable PPAs, long-duration storage investment, and why Jérémie believes battery oversupply is a credible - and under appreciated - risk. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Wendel Hortop - Head of Australia Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters 0:00 Introduction — the hospital generator analogy 1:45 Guest intro: Jérémie Yvon and Neoen Australia 4:30 NEM vs WEM: how battery economics differ 8:30 Hornsdale: from proof of concept to system services 11:30 NEM design — volatility and five-minute trading 14:00 WEM design — capacity market mechanics 17:00 Revenue compression in ancillary services 20:30 How Neoen builds optimisation capabilities in-house 23:00 Battery + wind firming: delivering baseload renewables 25:30 Virtual battery products explained 29:00 Risk management for firm products 32:00 Solar cannibalisation and price suppression 38:00 Long-duration storage pipeline 44:00 Rate of change of frequency (RoCoF) services 47:00 Are batteries now the cheapest system service provider? 50:00 Contrarian view: what the market is getting wrong 51:39 Wrap-up Modo Energy | modoenergy.com

    52 min

  6. 4 MAR

    The Rise of Big Batteries in Australia's Energy Markets - Neoen

    Australia has built one of the world's most competitive battery storage markets — and it got there faster than almost anywhere else on the planet. What started as an experiment in South Australia in 2017 has grown into a mature, multi-gigawatt industry that is now redefining what grid-scale batteries can do. In this episode of Transmission, host Wendel Hortop sits down with Jérémie Yvon, Head of Energy Management at Neoen Australia, to explore how one of the country's largest renewable energy companies is navigating the rapidly evolving battery landscape across both the National Electricity Market (NEM) and the Western Australian Electricity Market (WEM). They cover the maturation of the Australian battery market, how Neoen structures battery revenue across two very different market designs, the rise of virtual batteries and firm renewable PPAs, long-duration storage investment, and why Jérémie believes battery oversupply is a credible - and under appreciated - risk. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Wendel Hortop - Head of Australia Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters 0:00 Introduction — the hospital generator analogy 1:45 Guest intro: Jérémie Yvon and Neoen Australia 4:30 NEM vs WEM: how battery economics differ 8:30 Hornsdale: from proof of concept to system services 11:30 NEM design — volatility and five-minute trading 14:00 WEM design — capacity market mechanics 17:00 Revenue compression in ancillary services 20:30 How Neoen builds optimisation capabilities in-house 23:00 Battery + wind firming: delivering baseload renewables 25:30 Virtual battery products explained 29:00 Risk management for firm products 32:00 Solar cannibalisation and price suppression 38:00 Long-duration storage pipeline 44:00 Rate of change of frequency (RoCoF) services 47:00 Are batteries now the cheapest system service provider? 50:00 Contrarian view: what the market is getting wrong 51:39 Wrap-up Modo Energy | modoenergy.com

    52 min
  7. Is Geothermal The Next Evolution In Energy Storage? - Sage Geosystems

    3 MAR · VIDEO

    Is Geothermal The Next Evolution In Energy Storage? - Sage Geosystems

    The energy grid needs reliable, carbon-free power around the clock and geothermal might be the most underestimated solution on the table. A century of oil and gas expertise is now being repurposed to unlock heat sitting beneath our feet almost anywhere on Earth, and in doing so, it's also unlocking a new form of long-duration energy storage that requires no mountain, no reservoir, and no battery chemistry. In this episode, host Alejandro Diego sits down with Cindy Taff, CEO of Sage Geo Systems. Together they explore how Sage is moving beyond the geological constraints of conventional geothermal, what it takes to engineer a reservoir from scratch, how their underground pressure storage system works like an inverted pumped hydro plant, and why companies like Meta and the US Department of Defense are already signing on. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Alejandro De Diego - US Market Analyst Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters: 00:00 Next-gen geothermal intro 01:49 Cindy Taff background 04:51 Geothermal opportunity 07:19 Conventional geothermal limits 08:39 How geothermal works 10:38 Geothermal grid baseload 11:44 US heat resource map 13:13 Oil and gas drilling tech 16:50 Discovering underground storage 17:21 Earth Store technology 18:07 Storage capacity explained 19:35 Fast dispatch no degradation 21:42 Pelton turbine explained 23:47 Why viable now 25:30 Energy storage business model 27:12 Target customers 28:27 Development obstacles 29:52 Permitting process 31:36 Meta 150MW deal 33:41 5.5 terawatt potential 36:17 Grid transformation impact 37:49 What drives Cindy 39:16 Direct heating use case 40:30 Sage 2035 milestones 42:20 Energy expansion contrarian view

    43 min

  8. 3 MAR

    Is Geothermal The Next Evolution In Energy Storage? - Sage Geosystems

    The energy grid needs reliable, carbon-free power around the clock and geothermal might be the most underestimated solution on the table. A century of oil and gas expertise is now being repurposed to unlock heat sitting beneath our feet almost anywhere on Earth, and in doing so, it's also unlocking a new form of long-duration energy storage that requires no mountain, no reservoir, and no battery chemistry. In this episode, host Alejandro Diego sits down with Cindy Taff, CEO of Sage Geo Systems. Together they explore how Sage is moving beyond the geological constraints of conventional geothermal, what it takes to engineer a reservoir from scratch, how their underground pressure storage system works like an inverted pumped hydro plant, and why companies like Meta and the US Department of Defense are already signing on. You can watch or listen to new episodes every Tuesday and Thursday. Transmission is a Modo Energy production. Your host is Alejandro De Diego - US Market Analyst Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter: https://bit.ly/TheWeeklyDispatch Chapters: 00:00 Next-gen geothermal intro 01:49 Cindy Taff background 04:51 Geothermal opportunity 07:19 Conventional geothermal limits 08:39 How geothermal works 10:38 Geothermal grid baseload 11:44 US heat resource map 13:13 Oil and gas drilling tech 16:50 Discovering underground storage 17:21 Earth Store technology 18:07 Storage capacity explained 19:35 Fast dispatch no degradation 21:42 Pelton turbine explained 23:47 Why viable now 25:30 Energy storage business model 27:12 Target customers 28:27 Development obstacles 29:52 Permitting process 31:36 Meta 150MW deal 33:41 5.5 terawatt potential 36:17 Grid transformation impact 37:49 What drives Cindy 39:16 Direct heating use case 40:30 Sage 2035 milestones 42:20 Energy expansion contrarian view

    43 min
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About

We're racing toward a net-zero future. What does it mean for battery energy storage, power markets, and the people investing in them? We speak with investors, developers, grid operators, and policymakers to find out. Hosted by Ed Porter, International Regional Director at Modo Energy. We go deep on the forces reshaping power systems - from battery storage revenue and electricity trading to project finance, grid reliability, and market design. We cover the markets that matter: Great Britain, ERCOT (Texas), CAISO (California), PJM, Australia's NEM, and more. New episodes every Tuesday and Thursday. Watch or listen wherever you get your podcasts. Want the latest power market news between episodes? Sign up for our free Weekly Dispatch newsletter: bit.ly/TheWeeklyDispatch Transmission is a Modo Energy production. Modo Energy helps owners, operators, builders, and financiers of battery energy storage understand the market — and make the most of their assets. Topics: battery energy storage | BESS | power markets | energy markets | electricity trading | energy transition | renewable energy | grid | energy investment | project finance | storage valuation | capacity market | frequency response | ancillary services | ERCOT | CAISO | PJM | NEM | GB power market | energy podcast

Information

  • Creator
    Ed Porter, Modo Energy
  • Years Active
    2022 - 2026
  • Episodes
    389
  • Rating
    Clean
  • Copyright
    © 2025
  • Show Website
    Transmission

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