Transmission

Ed Porter, Modo Energy
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The energy transition is reshaping power markets across the world and the stakes have never been higher. Transmission goes deep on battery energy storage, energy trading, project finance, and grid design - alongside wind, solar, and other clean technologies - with the people who are actually doing it. Hosted by Ed Porter, International Director at Modo Energy. New episodes every Tuesday.

  1. 1D AGO

    Where Capital Is Flowing in Spanish Renewables - nTeaser

    Three years ago, the best price for a ready-to-build solar project in Spain was €200,000 per megawatt — today it is €50,000. Batteries have moved the opposite way, with ready-to-build prices climbing to around €100,000 per megawatt and a 30GW pipeline now stacking up behind them. Ed Porter sits down with Carmen Izquierdo Serrano, founder of nTeaser, the renewable energy marketplace where many of Spain's BESS, solar, and co-located deals are transacting, to unpack what those numbers actually mean for investors entering the Spanish power market and how the post-blackout urgency, and bottlenecks in financing and labour will shape who wins the next phase of Spain's energy transition They cover: Why Spanish solar ready-to-build prices have collapsed from €200,000 to €50,000 per megawatt while battery prices have climbed to ~€100,000 per megawatt in the space of three yearsHow the 30GW Spain BESS pipeline stacks up against the ~3.5GW expected to be operating by 2030, and why Carmen thinks that operating-asset forecast is conservativeWhere the real bottleneck is for delivery - not developers or permits, but bank financing and the skilled labour needed to construct the projectsWhy Italy's BESS market has slowed after the first MACSE auction while Spain has accelerated, and what that means for capital allocation across Southern Europe.How buyer expectations on arbitrage revenues are likely to be cannibalised as more batteries enter the market, and which revenue streams banks will actually finance againstWant to go deeper on Spanish BESS revenues? Ko, Modo Energy's AI analyst, can walk you through asset-specific forecasts: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=youtube&utm_campaign=carmen_izquierdo&utm_content=ko_signup Chapters: 0:00 - Spain solar prices crashed from €200K to €50K per MW 1:10 - Why the Spain BESS market is misunderstood 2:35 - Spain's 30GW battery storage pipeline explained 3:25 - Inside nTeaser: Spain's renewable energy M&A platform 5:00 - Is the 3.5GW Spain battery forecast for 2030 too low? 7:50 - Spain BESS bottlenecks: bank financing and labour 10:00 - Who is buying Spanish battery projects in 2026 12:50 - Spain vs Italy BESS: the MACSE auction setback 15:00 - Data centres and behind-the-meter co-location in Spain 18:00 - When Spain battery projects become bankable 19:30 - Spain capacity market timing and revenue impact 20:30 - BESS arbitrage cannibalisation and revenue stacking 21:45 - Poland, Romania, and BESS expansion across Europe 23:30 - How nTeaser is changing European renewables M&A Transmission is a Modo Energy podcast hosted by Ed Porter, Director EMEA & APAC at Modo Energy.

    25 min
  2. Where Capital Is Flowing in Spanish Renewables - nTeaser

    1D AGO ·  VIDEO

    Where Capital Is Flowing in Spanish Renewables - nTeaser

    Three years ago, the best price for a ready-to-build solar project in Spain was €200,000 per megawatt — today it is €50,000. Batteries have moved the opposite way, with ready-to-build prices climbing to around €100,000 per megawatt and a 30GW pipeline now stacking up behind them. Ed Porter sits down with Carmen Izquierdo Serrano, founder of nTeaser, the renewable energy marketplace where many of Spain's BESS, solar, and co-located deals are transacting, to unpack what those numbers actually mean for investors entering the Spanish power market and how the post-blackout urgency, and bottlenecks in financing and labour will shape who wins the next phase of Spain's energy transition They cover: Why Spanish solar ready-to-build prices have collapsed from €200,000 to €50,000 per megawatt while battery prices have climbed to ~€100,000 per megawatt in the space of three yearsHow the 30GW Spain BESS pipeline stacks up against the ~3.5GW expected to be operating by 2030, and why Carmen thinks that operating-asset forecast is conservativeWhere the real bottleneck is for delivery - not developers or permits, but bank financing and the skilled labour needed to construct the projectsWhy Italy's BESS market has slowed after the first MACSE auction while Spain has accelerated, and what that means for capital allocation across Southern Europe.How buyer expectations on arbitrage revenues are likely to be cannibalised as more batteries enter the market, and which revenue streams banks will actually finance againstWant to go deeper on Spanish BESS revenues? Ko, Modo Energy's AI analyst, can walk you through asset-specific forecasts: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=youtube&utm_campaign=carmen_izquierdo&utm_content=ko_signup Chapters: 0:00 - Spain solar prices crashed from €200K to €50K per MW 1:10 - Why the Spain BESS market is misunderstood 2:35 - Spain's 30GW battery storage pipeline explained 3:25 - Inside nTeaser: Spain's renewable energy M&A platform 5:00 - Is the 3.5GW Spain battery forecast for 2030 too low? 7:50 - Spain BESS bottlenecks: bank financing and labour 10:00 - Who is buying Spanish battery projects in 2026 12:50 - Spain vs Italy BESS: the MACSE auction setback 15:00 - Data centres and behind-the-meter co-location in Spain 18:00 - When Spain battery projects become bankable 19:30 - Spain capacity market timing and revenue impact 20:30 - BESS arbitrage cannibalisation and revenue stacking 21:45 - Poland, Romania, and BESS expansion across Europe 23:30 - How nTeaser is changing European renewables M&A Transmission is a Modo Energy podcast hosted by Ed Porter, Director EMEA & APAC at Modo Energy.

    25 min

  3. MAY 19

    Clean Power 2030: Inside Mission Control with Chris Stark

    Chris Stark is Head of UK’s Mission for Clean Power, As Head of Mission Control at DESNZ, no one sees the constraint costs, grid bottlenecks and reform of National Pricing trade-offs more clearly. The UK is building a clean power system at a pace not seen since the 1960s, connecting record volumes of wind and solar while transmission, storage and gas all reshape around them. Constraint costs have hit £1.7 billion, gas is being squeezed off the system, and the government has just rewritten the rules of the wholesale market. Chris joins Ed Porter to break down what Mission Control is actually delivering, where flexibility and storage fit into the 2030 plan, and what Reformed National Pricing means for investors, generators and consumers. They cover: Why building UK transmission lines takes 8-10 years — and why bringing two projects forward by a year is worth £4bn to consumers.Why the UK chose to build the grid and the generation simultaneously, and the risks that creates.Why the strategic spatial energy plan is the biggest energy decision coming in the next 12 months and how it sets up a "build it once" network for the future.The reform of National Pricing decision, what the wholesale CfD means in practice and how electricity is being de-linked from gas.Why flexibility is the "forgotten third child" of the energy transition and how dunkelflaute, long-duration storage and household batteries fit into the 2030s system.Chris's contrarian take on carbon pricing - why he thinks the Treasury's decision to remove the Carbon Price Support from gas signals carbon pricing is "coming down the list of things that matters.”Want to model how Clean Power 2030, REMA and the wholesale CFD reshape GB power prices? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=youtube&utm_campaign=chris_stark&utm_content=ko_signup ──────────────────────────── ⏱ CHAPTERS 00:00 - Introduction01:09 - What everyone gets wrong about Mission Control03:00 - Constraint costs as a UK grid health metric04:30 - Why the £7 billion constraint cost forecast may not land09:18 - The biggest UK transmission build since the 1960s10:36 - Sea Link, Norwich to Tilbury and the £4 billion question15:29 - Building a UK grid ready to double electricity demand by 205017:59 - From centralised transmission to flexible, dynamic networks21:16 - Reform of National Pricing: why the UK said no to zonal28:48 - Wholesale CfDs and decoupling UK power from gas prices37:13 - Flexibility, batteries and the forgotten third pillar42:16 - Markets versus state intervention in UK energy47:28 - Long duration energy storage and the battery technology race49:35 - Managing the UK gas fleet down to 5% by 203053:21 - Chris's contrarian view: the end of carbon pricing?55:42 - Closing thoughtsYou 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.

    56 min
  4. Clean Power 2030: Inside Mission Control with Chris Stark

    MAY 19 ·  VIDEO

    Clean Power 2030: Inside Mission Control with Chris Stark

    Chris Stark is leading the UK's Clean Power 2030 mission. As Head of Mission Control at DESNZ, no one sees the constraint costs, grid bottlenecks and reform of National Pricing trade-offs more clearly. The UK is building a clean power system at a pace not seen since the 1960s, connecting record volumes of wind and solar while transmission, storage and gas all reshape around them. Constraint costs have hit £1.7 billion, gas is being squeezed off the system, and the government has just rewritten the rules of the wholesale market. Chris joins Ed Porter to break down what Mission Control is actually delivering, where flexibility and storage fit into the 2030 plan, and what Reformed National Pricing means for investors, generators and consumers. They cover: Why building UK transmission lines takes 8-10 years — and why bringing two projects forward by a year is worth £4bn to consumers.Why the UK chose to build the grid and the generation simultaneously, and the risks that creates.Why the strategic spatial energy plan is the biggest energy decision coming in the next 12 months and how it sets up a "build it once" network for the future.The reform of National Pricing decision, what the wholesale CfD means in practice and how electricity is being de-linked from gas.Why flexibility is the "forgotten third child" of the energy transition and how dunkelflaute, long-duration storage and household batteries fit into the 2030s system.Chris's contrarian take on carbon pricing - why he thinks the Treasury's decision to remove the Carbon Price Support from gas signals carbon pricing is "coming down the list of things that matters.”Want to model how Clean Power 2030, REMA and the wholesale CFD reshape GB power prices? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=youtube&utm_campaign=chris_stark&utm_content=ko_signup ──────────────────────────── ⏱ CHAPTERS 00:00 - Introduction01:09 - What everyone gets wrong about Mission Control03:00 - Constraint costs as a UK grid health metric04:30 - Why the £7 billion constraint cost forecast may not land09:18 - The biggest UK transmission build since the 1960s10:36 - Sea Link, Norwich to Tilbury and the £4 billion question15:29 - Building a UK grid ready to double electricity demand by 205017:59 - From centralised transmission to flexible, dynamic networks21:16 - Reform of National Pricing: why the UK said no to zonal28:48 - Wholesale CfDs and decoupling UK power from gas prices37:13 - Flexibility, batteries and the forgotten third pillar42:16 - Markets versus state intervention in UK energy47:28 - Long duration energy storage and the battery technology race49:35 - Managing the UK gas fleet down to 5% by 203053:21 - Chris's contrarian view: the end of carbon pricing?55:42 - Closing thoughtsYou 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.

    56 min
  5. Why Germany's Battery Storage Market Is Harder Than It Looks - Terralayr

    MAY 12 ·  VIDEO

    Why Germany's Battery Storage Market Is Harder Than It Looks - Terralayr

    Germany sits at the centre of Europe's energy transition: over 800 distribution networks, deep intraday markets, and a flexibility gap roughly 40 times its battery fleet. But the real question isn't whether the market is big - it's whether it saturates as battery capacity grows, or scales for years yet. Philipp Man is co-founder and CEO of Terralayr. He joins Ed Porter to unpack the operational reality of building Germany battery storage at scale, the regulatory tension around grid fees, and the contrarian view that Germany's flexibility market is structurally larger than most forecasts suggest. They cover: - Why operating Germany battery storage is harder than capital alone can solve. - Why Germany's TSOs are positive on BESS, why DSOs are nervous and what regulators need to fix. - What the Bundesnetzagentur grid-fee review means for the BESS exemption running to August 2029. - How splitting merchant capacity across multiple optimisers outperforms single-optimiser tolls. - Why flexibility revenues are convex, dominated by tail events, and structurally larger than forecasts predict. Want to track Germany's battery storage pipeline, grid-fee changes, or flexibility market data? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=podcast_apps&utm_campaign=philipp_man&utm_content=ko_signup Transcript available here: ⏱ CHAPTERS 00:00 Introduction 01:01 What everyone gets wrong about Germany battery storage 04:50 Inside Terralayr's 8 GW pipeline 07:00 German grid fees and the 2029 BESS exemption 11:00 Why DSOs are nervous about battery storage 14:30 Nodal pricing, FCAs and the one-price-zone problem 18:30 How layer's virtual battery auction works 24:30 Will Germany's BESS market saturate 35:30 Markets outside Germany — UK, Spain, Nordics 37:00 Advice for new entrants and the coming consolidation 40:30 Contrarian view: flexibility revenues are convex` 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. Music licensed via Artlist.

    42 min

  6. MAY 12

    Why Germany's Battery Storage Market Is Harder Than It Looks - Terralayr

    Germany sits at the centre of Europe's energy transition: over 800 distribution networks, deep intraday markets, and a flexibility gap roughly 40 times its battery fleet. But the real question isn't whether the market is big - it's whether it saturates as battery capacity grows, or scales for years yet. Philipp Man is co-founder and CEO of Terralayr. He joins Ed Porter to unpack the operational reality of building Germany battery storage at scale, the regulatory tension around grid fees, and the contrarian view that Germany's flexibility market is structurally larger than most forecasts suggest. They cover: - Why operating Germany battery storage is harder than capital alone can solve. - Why Germany's TSOs are positive on BESS, why DSOs are nervous and what regulators need to fix. - What the Bundesnetzagentur grid-fee review means for the BESS exemption running to August 2029. - How splitting merchant capacity across multiple optimisers outperforms single-optimiser tolls. - Why flexibility revenues are convex, dominated by tail events, and structurally larger than forecasts predict. Want to track Germany's battery storage pipeline, grid-fee changes, or flexibility market data? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up: https://modoenergy.com/sign-up?utm_source=podcast&utm_medium=podcast_apps&utm_campaign=philipp_man&utm_content=ko_signup Transcript available here: ⏱ CHAPTERS 00:00 Introduction 01:01 What everyone gets wrong about Germany battery storage 04:50 Inside Terralayr's 8 GW pipeline 07:00 German grid fees and the 2029 BESS exemption 11:00 Why DSOs are nervous about battery storage 14:30 Nodal pricing, FCAs and the one-price-zone problem 18:30 How layer's virtual battery auction works 24:30 Will Germany's BESS market saturate 35:30 Markets outside Germany — UK, Spain, Nordics 37:00 Advice for new entrants and the coming consolidation 40:30 Contrarian view: flexibility revenues are convex` 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. Music licensed via Artlist.

    42 min
  7. How to Develop Battery Storage in Emerging Markets - Ion Ventures

    MAY 5 ·  VIDEO

    How to Develop Battery Storage in Emerging Markets - Ion Ventures

    Developing battery storage in emerging markets isn't a technology problem - it's a regulatory, offtake, and capital problem. The frameworks, offtake structures, and capital mandates weren't built for storage and that gap is exactly where the risk sits. Hassen Bali, co-founder and director at Ion Ventures, joins Ed Porter to discuss what it actually takes to develop battery storage projects across markets at very different stages of maturity, from the UK to Southeast Asia. They cover: - Why battery storage development demands a different approach to solar or wind and why you have to decide your commercial endpoint before you break ground, not after. - How project conversion rates in the UK BESS market have dropped from 30–40% in the early days to roughly 10–15% today, and how that affects pipeline management and investor communications. - Why early-stage BESS markets like Malaysia and the Philippines are still reliant on bilateral offtake and what that means for project bankability. - Why FCA-regulated investors face hard legal barriers to project finance in sub-investment-grade countries and what that means for who can actually back early-stage BESS projects. - Hassen's contrarian view: that reform of merit order and legacy thermal contracts is the most direct lever for accelerating energy transition globally even if it means unwinding agreements that investors consider bulletproof. Want to model BESS revenue across different market structures? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up here. Transcript available here: Chapters: 0:00 Introduction 0:53 What People Get Wrong About Developing Battery Storage Projects 2:41 BESS Project Development Pipeline: How to Manage Investors and Conversion Rates 5:58 Why Ion Ventures Expanded Into Southeast Asia 7:34 BESS Market Readiness in Malaysia, Philippines, Indonesia and Brunei 8:32 Replacing Coal and Diesel: What Southeast Asian Grids Look Like Today 11:35 BESS Project Success Rates in Emerging Markets vs the UK 12:39 Why Bilateral Offtake Models Dominate Early-Stage BESS Markets 15:17 Why Long-Term Contracts Can Actually Help Battery Storage Bankability 16:05 Why Country Risk and OECD Classification Block Capital From Emerging BESS Markets 21:02 Can Emerging Markets Leapfrog to Grid 2.0? The Telco Analogy Explained 22:59 How to Build a Battery Storage Roadmap for a Nascent Grid: Lessons from Bangladesh 30:06 How to Avoid Grid Congestion When Scaling Renewables in Emerging Markets 32:17 Contrarian View: Should Merit Order Reform Unwind Legacy Thermal Contracts? 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.

    34 min

  8. MAY 5

    How to Develop Battery Storage in Emerging Markets - Ion Ventures

    Developing battery storage in emerging markets isn't a technology problem - it's a regulatory, offtake, and capital problem. The frameworks, offtake structures, and capital mandates weren't built for storage and that gap is exactly where the risk sits. Hassen Bali, co-founder and director at Ion Ventures, joins Ed Porter to discuss what it actually takes to develop battery storage projects across markets at very different stages of maturity, from the UK to Southeast Asia. They cover: - Why battery storage development demands a different approach to solar or wind and why you have to decide your commercial endpoint before you break ground, not after. - How project conversion rates in the UK BESS market have dropped from 30–40% in the early days to roughly 10–15% today, and how that affects pipeline management and investor communications. - Why early-stage BESS markets like Malaysia and the Philippines are still reliant on bilateral offtake and what that means for project bankability. - Why FCA-regulated investors face hard legal barriers to project finance in sub-investment-grade countries and what that means for who can actually back early-stage BESS projects. - Hassen's contrarian view: that reform of merit order and legacy thermal contracts is the most direct lever for accelerating energy transition globally even if it means unwinding agreements that investors consider bulletproof. Want to model BESS revenue across different market structures? Ko, Modo Energy's AI analyst, is built for exactly these questions. Want to model BESS revenue across different market structures? Ko, Modo Energy's AI analyst, is built for exactly these questions. Free sign up here. Transcript available here: Chapters: 0:00 Introduction 0:53 What People Get Wrong About Developing Battery Storage Projects 2:41 BESS Project Development Pipeline: How to Manage Investors and Conversion Rates 5:58 Why Ion Ventures Expanded Into Southeast Asia 7:34 BESS Market Readiness in Malaysia, Philippines, Indonesia and Brunei 8:32 Replacing Coal and Diesel: What Southeast Asian Grids Look Like Today 11:35 BESS Project Success Rates in Emerging Markets vs the UK 12:39 Why Bilateral Offtake Models Dominate Early-Stage BESS Markets 15:17 Why Long-Term Contracts Can Actually Help Battery Storage Bankability 16:05 Why Country Risk and OECD Classification Block Capital From Emerging BESS Markets 21:02 Can Emerging Markets Leapfrog to Grid 2.0? The Telco Analogy Explained 22:59 How to Build a Battery Storage Roadmap for a Nascent Grid: Lessons from Bangladesh 30:06 How to Avoid Grid Congestion When Scaling Renewables in Emerging Markets 32:17 Contrarian View: Should Merit Order Reform Unwind Legacy Thermal Contracts? 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.

    34 min
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Ratings & Reviews

5
out of 5
12 Ratings

About

The energy transition is reshaping power markets across the world and the stakes have never been higher. Transmission goes deep on battery energy storage, energy trading, project finance, and grid design - alongside wind, solar, and other clean technologies - with the people who are actually doing it. Hosted by Ed Porter, International Director at Modo Energy. New episodes every Tuesday.

Information

  • Creator
    Ed Porter, Modo Energy
  • Years Active
    2022 - 2026
  • Episodes
    417
  • Rating
    Clean
  • Copyright
    © 2025
  • Show Website
    Transmission

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