Transmission

Ed Porter, Modo Energy
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Transmission is the podcast for energy professionals navigating the global shift to a low-carbon power system. Hosted by Ed Porter, Transmission goes deep on battery storage markets, power market dynamics, and the commercial forces shaping the energy transition - with the people at the centre of it. Every week, we sit down with the CEOs, heads of trading desks, government advisors, policy architects, and leading practitioners driving change across the industry. These are practitioner conversations - focused on how markets actually work, where the real opportunities and risks lie, and what the data is telling us. We cover clean energy investing, capacity markets, balancing mechanism participation, and the evolving regulatory environment that shapes returns across geographies. Our coverage spans Great Britain, Germany, Spain, and the broader European energy transition, with regular episodes dedicated to the specific dynamics of each market. Transmission tracks the inflection points that matter: when markets shift, where capital is flowing, and what experienced operators are doing next. We also cover power markets more broadly - interconnectors, flexibility markets, grid infrastructure, and the trading strategies that sophisticated players use to extract value in increasingly complex systems. Who listens: Transmission is built for people who work in energy - analysts, investors, developers, traders, asset managers, and policy professionals at every stage of their careers. If you're entering the industry or building your understanding of how battery storage and power markets actually work, Transmission is one of the fastest ways to get up to speed - directly from the people shaping them. About Modo Energy: Transmission is produced by Modo Energy, a B2B SaaS platform that helps renewable energy companies, funds, utilities, and banks manage and value their energy assets. Specializing in batteries and provides data, analytics, and forecasting to help customers understand the financial performance of their energy assets. The Modo Energy Terminal is the one-stop shop for teams trying to understand the commercial case for grid-scale battery energy storage - bringing together trusted indices, customizable benchmarks, independent revenue forecasts, in-depth written analysis, and much more. Guided by the principles of transparency and usability, Modo Energy’s Terminal provides owners, operators, developers and financiers with a complete view of the landscape for storage - past, present, and future - so that users can make informed, bankable decisions about their assets. Hundreds of organizations rely on Modo’s tools and insights to navigate market trends, optimize investment strategies, and stay ahead of industry shifts. As the storage space continues to evolve, Modo is leading the way - helping businesses unlock the full value of their assets and make smarter decisions in a net-zero future. Follow Transmission to get new episodes every Tuesday. If you find the show valuable, leaving a rating takes 30 seconds and makes a real difference in helping other energy professionals find us.

  1. 4 days ago

    How AI Could Cut Energy Trading Costs - Tem Energy

    Joe McDonald says close to 30% of a business power bill can go to trading desks, balancing costs and wholesale market fees most customers never see. Behind suppliers can sit five or six more intermediaries, each taking a cut before the energy ever arrives. Is that a market working as designed, or one taking more than it should? Joe is Founder & CEO of Tem Energy, and has spent over a decade inside the middle of the energy market, watching where the money actually goes on its way to the meter. He's now building the AI infrastructure to strip those middlemen out of the chain, with Tem already transacting over £1 billion a year across thousands of UK businesses, backed by a fresh Series B to fund expansion into Texas and Australia. They cover: Why up to 30% of a business energy bill can go to trading desks, balancing costs and wholesale fees layered behind the supplier.How forward market contracts fix energy prices for months or years and why "shape matching" between generators and buyers creates a shadow market worth billions.The P442 grid charging exemption, and why a change this small took two years to push through.Why Joe believes Tem's AI agents could remove around 90% of labor costs in energy transactions, and why he sees that trade-off as necessary.Tem Energy's plan after its Series B - expanding into Texas and Australia before Europe and the case for energy AI becoming the UK's next trillion-dollar industry.Want to dig deeper into where that 30% actually goes, or how forward contracts are priced? Ask Ko, Modo Energy's AI analyst, for free sign up also gets you trial access to Modo Energy's research. You can watch or listen to new episodes every Tuesday. Transmission is a Modo Energy production. Your host is Ed Porter - Director EMEA & APAC at Modo Energy. Chapters: 0:00 Introduction 1:24 The Real Cost Layers Behind A Business Energy Bill 3:17 The Mechanics Of Forward Energy Contracts 5:25 Shape Matching Explained 6:35 The Shadow Market Behind The Grid 11:12 Pricing And Settling Energy Trades With AI 26:46 The P442 Grid Charging Exemption 36:29 The Slow Pace Of Energy Market Regulation 37:37 The Same Problem Across Global Energy Markets 38:36 Cutting Utility Operating Costs With AI 39:22 Comparing This Model To Octopus And Kraken 40:40 Joe McDonald's Contrarian View On Energy Markets 41:34 Cutting 90% Of Energy Labor Costs With AI

  2. 4 days ago ·  Video

    How AI Could Cut Energy Trading Costs - Tem Energy

    Joe McDonald says close to 30% of a business power bill can go to trading desks, balancing costs and wholesale market fees most customers never see. Behind suppliers can sit five or six more intermediaries, each taking a cut before the energy ever arrives. Is that a market working as designed, or one taking more than it should? Joe is Founder & CEO of Tem Energy, and has spent over a decade inside the middle of the energy market, watching where the money actually goes on its way to the meter. He's now building the AI infrastructure to strip those middlemen out of the chain, with Tem already transacting over £1 billion a year across thousands of UK businesses, backed by a fresh Series B to fund expansion into Texas and Australia. They cover: Why up to 30% of a business energy bill can go to trading desks, balancing costs and wholesale fees layered behind the supplier.How forward market contracts fix energy prices for months or years and why "shape matching" between generators and buyers creates a shadow market worth billions.The P442 grid charging exemption, and why a change this small took two years to push through.Why Joe believes Tem's AI agents could remove around 90% of labor costs in energy transactions, and why he sees that trade-off as necessary.Tem Energy's plan after its Series B - expanding into Texas and Australia before Europe and the case for energy AI becoming the UK's next trillion-dollar industry.Want to dig deeper into where that 30% actually goes, or how forward contracts are priced? Ask Ko, Modo Energy's AI analyst, for free sign up also gets you trial access to Modo Energy's research. You can watch or listen to new episodes every Tuesday. Transmission is a Modo Energy production. Your host is Ed Porter - Director EMEA & APAC at Modo Energy. Chapters: 0:00 Introduction 1:24 The Real Cost Layers Behind A Business Energy Bill 3:17 The Mechanics Of Forward Energy Contracts 5:25 Shape Matching Explained 6:35 The Shadow Market Behind The Grid 11:12 Pricing And Settling Energy Trades With AI 26:46 The P442 Grid Charging Exemption 36:29 The Slow Pace Of Energy Market Regulation 37:37 The Same Problem Across Global Energy Markets 38:36 Cutting Utility Operating Costs With AI 39:22 Comparing This Model To Octopus And Kraken 40:40 Joe McDonald's Contrarian View On Energy Markets 41:34 Cutting 90% Of Energy Labor Costs With AI

    How AI Could Cut Energy Trading Costs - Tem Energy

  3. 1 Sept

    What Happens When Every Battery Market Gets Crowded? - Centrica Energy

    Battery storage went from an unproven bet to one of Europe's fastest-growing energy assets in a but the exceptional returns early investors saw have already faded as more batteries crowd the market. The real question today isn't whether a battery can make money, it's whether an optimiser can keep making money from it, market after market, year after year. In this conversation, Brecht Dierckx, Director of Physical Asset Trading & Optimisation at Centrica, joins Ed to unpack what actually separates a good battery optimiser from an average one, and why pricing, contracts and risk are becoming as important as trading itself. They cover: - Why the exceptional early returns 2017–2018 battery investors saw are gone for good, and what actually lets some optimisers keep repeating strong performance while others can't - How battery revenue has shifted over time — from grid-support services, to adjusting trades as markets move, to buying and selling across multiple markets at once — and why each edge shrinks as more batteries chase it - Why pricing a battery deal is nothing like pricing a financial instrument, and how modelling different future scenarios (rather than simple averages) reveals the real value of holding a diversified portfolio - What project developers are actually asking optimisers for now — performance guarantees, profit shares, protection from regulatory changes — and why some of those guarantees aren't realistically workable - Which European markets look most promising for battery growth next, and how emerging grid restrictions could shape how much value new assets are able to capture Want to know how flexible connection agreements or grid restrictions are changing your battery's revenue forecast? Ask Ko, Modo Energy's AI analyst Chapters: 0:00 – Battery Storage Returns Are Saturating 1:04 – Battery Optimisation Operational Excellence 2:22 – Repeatable Battery Storage Returns 5:43 – Ancillary Services Revenue Saturation 8:14 – Battery Optimiser Performance Benchmarks 10:08 – Small Vs Large Battery Trading Teams 14:25 – AI In Energy Trading 16:29 – Autonomous AI Battery Trading Risks 18:40 – Extreme Weather Impact On Energy Trading 21:49 – Best European Battery Storage Markets 24:13 – Battery Storage Toll Pricing 28:59 – Battery Portfolio Diversification Strategy 31:36 – Flexible Connection Agreements Explained 35:51 – Battery Storage Investment Guarantees 38:30 – Battery Storage And Grid Transmission

  4. 1 Sept ·  Video

    What Happens When Every Battery Market Gets Crowded? - Centrica Energy

    Battery storage went from an unproven bet to one of Europe's fastest-growing energy assets in a but the exceptional returns early investors saw have already faded as more batteries crowd the market. The real question today isn't whether a battery can make money, it's whether an optimiser can keep making money from it, market after market, year after year. In this conversation, Brecht Dierckx, Director of Physical Asset Trading & Optimisation at Centrica, joins Ed to unpack what actually separates a good battery optimiser from an average one, and why pricing, contracts and risk are becoming as important as trading itself. They cover: - Why the exceptional early returns 2017–2018 battery investors saw are gone for good, and what actually lets some optimisers keep repeating strong performance while others can't - How battery revenue has shifted over time — from grid-support services, to adjusting trades as markets move, to buying and selling across multiple markets at once — and why each edge shrinks as more batteries chase it - Why pricing a battery deal is nothing like pricing a financial instrument, and how modelling different future scenarios (rather than simple averages) reveals the real value of holding a diversified portfolio - What project developers are actually asking optimisers for now — performance guarantees, profit shares, protection from regulatory changes — and why some of those guarantees aren't realistically workable - Which European markets look most promising for battery growth next, and how emerging grid restrictions could shape how much value new assets are able to capture Want to know how flexible connection agreements or grid restrictions are changing your battery's revenue forecast? Ask Ko, Modo Energy's AI analyst Chapters: 0:00 – Battery Storage Returns Are Saturating 1:04 – Battery Optimisation Operational Excellence 2:22 – Repeatable Battery Storage Returns 5:43 – Ancillary Services Revenue Saturation 8:14 – Battery Optimiser Performance Benchmarks 10:08 – Small Vs Large Battery Trading Teams 14:25 – AI In Energy Trading 16:29 – Autonomous AI Battery Trading Risks 18:40 – Extreme Weather Impact On Energy Trading 21:49 – Best European Battery Storage Markets 24:13 – Battery Storage Toll Pricing 28:59 – Battery Portfolio Diversification Strategy 31:36 – Flexible Connection Agreements Explained 35:51 – Battery Storage Investment Guarantees 38:30 – Battery Storage And Grid Transmission

    What Happens When Every Battery Market Gets Crowded? - Centrica Energy

  5. 25 Aug ·  Video

    Can Britain Afford to Slow Down on Net Zero? - The CCC

    This summer, Britain recorded its first ever four consecutive months of 35°C+ heat and according to the Climate Change Committee, the UK isn't ready for it, physically or emotionally. As political pressure mounts in the net zero debate over whether Britain should slow its climate transition, the CCC's chief executive makes the case that affordability and climate action are the same fight, not competing priorities. Ed sits down with Emma Pinchbeck, Chief Executive of the Climate Change Committee (CCC), to find out what preparing for a hotter Britain actually looks like, and why extreme heat has quietly overtaken flooding as the institution's top adaptation concern. They cover: Why extreme heat is now one of the CCC's top adaptation recommendations, with up to 92% of UK homes at risk of overheating by 2050.How solar and battery storage naturally track cooling demand, and why that strengthens the case for air conditioning becoming standard in UK homes.Emma’s case for accelerating rather than easing off decarbonisation, including data showing EV- and solar-equipped homes can save up to £1,900 a year on energy costs.Why UK electricity is priced roughly 4x higher than gas, well above the 2:1 ratio in countries that have successfully rolled out heat pumps.Why Emma argues cost-of-living and climate policy are "the same question," not competing priorities.Want to know why UK electricity prices are 4x higher than gas, and how that compares to countries where heat pumps have taken off? Ask Ko, Modo Energy's AI Analyst, for the market-by-market breakdown. Try Ko for free Transcript available here: Chapters: 0:00 Britain's Record-Breaking Heat 1:16 The CCC's Real Role vs. Government Policy 2:55 The Net Zero Speed Debate: Science and Political Pressure 4:38 Electrification and Household Energy Savings 9:55 Why UK Electricity Costs Four Times More Than Gas 12:57 Extreme Heat and the Case for Home Cooling 15:47 Solar, Batteries, and the Summer Cooling Demand Curve 17:34 Gas as a Strategic Reserve for Grid Security 22:43 The True Cost of Net Zero: £6.9 Trillion in Investment 25:20 Financing the Transition: Levies and Smoothing Costs 29:05 Why Demand Matters More Than Supply 31:03 Industrial Policy: Grangemouth, Port Talbot, and Manufacturing 35:27 Emma's Contrarian View: Cost and Climate as One Question 38:28 Closing Thoughts and Sign-Off Music licensed via Artlist. 🔔 Subscribe for more energy market analysis: / @modoenergy 🔗 Follow Modo Energy: → LinkedIn: linkedin.com/company/modo-energy → Twitter/X: x.com/modoenergy

    Can Britain Afford to Slow Down on Net Zero? - The CCC

  6. 25 Aug

    Can Britain Afford to Slow Down on Net Zero? - The CCC

    This summer, Britain recorded its first ever four consecutive months of 35°C+ heat and according to the Climate Change Committee, the UK isn't ready for it, physically or emotionally. As political pressure mounts in the net zero debate over whether Britain should slow its climate transition, the CCC's chief executive makes the case that affordability and climate action are the same fight, not competing priorities. Ed sits down with Emma Pinchbeck, Chief Executive of the Climate Change Committee (CCC), to find out what preparing for a hotter Britain actually looks like, and why extreme heat has quietly overtaken flooding as the institution's top adaptation concern. They cover: Why extreme heat is now one of the CCC's top adaptation recommendations, with up to 92% of UK homes at risk of overheating by 2050.How solar and battery storage naturally track cooling demand, and why that strengthens the case for air conditioning becoming standard in UK homes.Emma’s case for accelerating rather than easing off decarbonisation, including data showing EV- and solar-equipped homes can save up to £1,900 a year on energy costs.Why UK electricity is priced roughly 4x higher than gas, well above the 2:1 ratio in countries that have successfully rolled out heat pumps.Why Emma argues cost-of-living and climate policy are "the same question," not competing priorities.Want to know why UK electricity prices are 4x higher than gas, and how that compares to countries where heat pumps have taken off? Ask Ko, Modo Energy's AI Analyst, for the market-by-market breakdown. Try Ko for free Transcript available here: Chapters: 0:00 Britain's Record-Breaking Heat 1:16 The CCC's Real Role vs. Government Policy 2:55 The Net Zero Speed Debate: Science and Political Pressure 4:38 Electrification and Household Energy Savings 9:55 Why UK Electricity Costs Four Times More Than Gas 12:57 Extreme Heat and the Case for Home Cooling 15:47 Solar, Batteries, and the Summer Cooling Demand Curve 17:34 Gas as a Strategic Reserve for Grid Security 22:43 The True Cost of Net Zero: £6.9 Trillion in Investment 25:20 Financing the Transition: Levies and Smoothing Costs 29:05 Why Demand Matters More Than Supply 31:03 Industrial Policy: Grangemouth, Port Talbot, and Manufacturing 35:27 Emma's Contrarian View: Cost and Climate as One Question 38:28 Closing Thoughts and Sign-Off Music licensed via Artlist. 🔔 Subscribe for more energy market analysis: / @modoenergy 🔗 Follow Modo Energy: → LinkedIn: linkedin.com/company/modo-energy

  7. 18 Aug ·  Video

    How Poland Is Building a Renewable Power System - R.Power Renewables

    Poland has cut coal's share of power generation from 95% to roughly 55% in a decade, with renewables generating over 30% of the country's power last year. That mismatch is already producing negative prices and turning battery storage into one of the country's biggest investment opportunities. Ed is joined by Tomasz Sęk, Founder and COO of R.Power Renewables, which holds a 1.7GW / 6.3GWh capacity-market-secured storage portfolio, one of the largest in Poland, to unpack how the country's power market is transforming. They cover: - Why coal's inflexibility, not its shrinking market share, is now Poland's biggest driver of negative prices and battery arbitrage. - How Poland's capacity market is evolving as de-rating factors and CapEx fall together, and what that means for the next wave of battery investment. - Why R.Power blends floor-plus-profit-share deals — including its new Axpo agreement — with full-toll contracts to balance risk and upside - How solar PPAs are evolving into Hybrid PPAs, as corporates like Amazon and Cisco look for more flexible, peak-shifted power - How R.Power plans to bring its 1.7GW / 6.3GWh capacity-market-secured portfolio online within 18–24 months, and what's setting the pace Want to go deeper on the Polish power market? Ask Ko, Modo Energy's AI analyst, for the latest on Polish battery revenues, capacity market results, and grid dynamics: https://modoenergy.com/product/ko?utm_source=podcast&utm_medium=podcast_apps&utm_campaign=tomasz_sek&utm_content=ko_signup Chapters: 0:00 Introduction 1:08 Poland's Coal-to-Renewables Shift 1:57 Perception vs Reality of Poland's Energy Mix 4:52 Negative Prices and Coal's Inflexibility 5:58 Gas Peakers vs Battery Storage 7:45 Poland's Vertically Integrated Power Market 8:46 Day-Ahead vs Intraday Trading in Poland 9:54 Choosing a Route-to-Market Partner 12:06 Capacity Market Explained 13:21 R.Power's 1.7GW / 6.3GWh Portfolio 13:57 De-Rating Factors and Falling CapEx 17:00 Dunkelflaute and the Case for Gas 17:21 The Axpo Deal: Floor Plus Profit Share 19:51 Solar PPAs and the Rise of Hybrid PPAs 20:26 Multi-Technology PPAs and Peak Shifting 22:00 What's Slowing Poland's BESS Rollout 23:46 Poland's Grid Queue vs Texas and China 24:51 One Regulatory Fix: Faster Auctions 26:50 Poland's Cost Advantage

    How Poland Is Building a Renewable Power System - R.Power Renewables

  8. 18 Aug

    How Poland Is Building a Renewable Power System - R.Power Renewables

    Poland has cut coal's share of power generation from 95% to roughly 55% in a decade, with renewables generating over 30% of the country's power last year. That mismatch is already producing negative prices and turning battery storage into one of the country's biggest investment opportunities. Ed is joined by Tomasz Sęk, Founder and COO of R.Power Renewables, which holds a 1.7GW / 6.3GWh capacity-market-secured storage portfolio, one of the largest in Poland, to unpack how the country's power market is transforming. They cover: - Why coal's inflexibility, not its shrinking market share, is now Poland's biggest driver of negative prices and battery arbitrage. - How Poland's capacity market is evolving as de-rating factors and CapEx fall together, and what that means for the next wave of battery investment. - Why R.Power blends floor-plus-profit-share deals — including its new Axpo agreement — with full-toll contracts to balance risk and upside - How solar PPAs are evolving into Hybrid PPAs, as corporates like Amazon and Cisco look for more flexible, peak-shifted power - How R.Power plans to bring its 1.7GW / 6.3GWh capacity-market-secured portfolio online within 18–24 months, and what's setting the pace Want to go deeper on the Polish power market? Ask Ko, Modo Energy's AI analyst, for the latest on Polish battery revenues, capacity market results, and grid dynamics. Transcript available here Chapters: 0:00 Introduction 1:08 Poland's Coal-to-Renewables Shift 1:57 Perception vs Reality of Poland's Energy Mix 4:52 Negative Prices and Coal's Inflexibility 5:58 Gas Peakers vs Battery Storage 7:45 Poland's Vertically Integrated Power Market 8:46 Day-Ahead vs Intraday Trading in Poland 9:54 Choosing a Route-to-Market Partner 12:06 Capacity Market Explained 13:21 R.Power's 1.7GW / 6.3GWh Portfolio 13:57 De-Rating Factors and Falling CapEx 17:00 Dunkelflaute and the Case for Gas 17:21 The Axpo Deal: Floor Plus Profit Share 19:51 Solar PPAs and the Rise of Hybrid PPAs 20:26 Multi-Technology PPAs and Peak Shifting 22:00 What's Slowing Poland's BESS Rollout 23:46 Poland's Grid Queue vs Texas and China 24:51 One Regulatory Fix: Faster Auctions 26:50 Poland's Cost Advantage

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About

Transmission is the podcast for energy professionals navigating the global shift to a low-carbon power system. Hosted by Ed Porter, Transmission goes deep on battery storage markets, power market dynamics, and the commercial forces shaping the energy transition - with the people at the centre of it. Every week, we sit down with the CEOs, heads of trading desks, government advisors, policy architects, and leading practitioners driving change across the industry. These are practitioner conversations - focused on how markets actually work, where the real opportunities and risks lie, and what the data is telling us. We cover clean energy investing, capacity markets, balancing mechanism participation, and the evolving regulatory environment that shapes returns across geographies. Our coverage spans Great Britain, Germany, Spain, and the broader European energy transition, with regular episodes dedicated to the specific dynamics of each market. Transmission tracks the inflection points that matter: when markets shift, where capital is flowing, and what experienced operators are doing next. We also cover power markets more broadly - interconnectors, flexibility markets, grid infrastructure, and the trading strategies that sophisticated players use to extract value in increasingly complex systems. Who listens: Transmission is built for people who work in energy - analysts, investors, developers, traders, asset managers, and policy professionals at every stage of their careers. If you're entering the industry or building your understanding of how battery storage and power markets actually work, Transmission is one of the fastest ways to get up to speed - directly from the people shaping them. About Modo Energy: Transmission is produced by Modo Energy, a B2B SaaS platform that helps renewable energy companies, funds, utilities, and banks manage and value their energy assets. Specializing in batteries and provides data, analytics, and forecasting to help customers understand the financial performance of their energy assets. The Modo Energy Terminal is the one-stop shop for teams trying to understand the commercial case for grid-scale battery energy storage - bringing together trusted indices, customizable benchmarks, independent revenue forecasts, in-depth written analysis, and much more. Guided by the principles of transparency and usability, Modo Energy’s Terminal provides owners, operators, developers and financiers with a complete view of the landscape for storage - past, present, and future - so that users can make informed, bankable decisions about their assets. Hundreds of organizations rely on Modo’s tools and insights to navigate market trends, optimize investment strategies, and stay ahead of industry shifts. As the storage space continues to evolve, Modo is leading the way - helping businesses unlock the full value of their assets and make smarter decisions in a net-zero future. Follow Transmission to get new episodes every Tuesday. If you find the show valuable, leaving a rating takes 30 seconds and makes a real difference in helping other energy professionals find us.

Information

  • Creator
    Ed Porter, Modo Energy
  • Years Active
    2022 - 2026
  • Episodes
    448
  • Rating
    Clean
  • Copyright
    © 2025
  • Show Website
    Transmission

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