Team size: 11 - 50
About Modern Energy
Founders: Benjamin Abram, Mark Laabs
Founded date: 2010
Company revenue: US$ 50 - 100 million
Investors: EIG Global Energy Partners(EIG)
Company stage: Other
Modern Energy is an energy asset management firm that invests in businesses that bring emerging energy technologies to market and the energy resources those businesses produce. From energy efficiency in the United States to solar projects in Brazil to virtual power plants in the United Kingdom, Modern supports leaders in the transition to a digital energy ecosystem. New hardware and software innovations are rapidly reshaping the competitive landscape of energy markets. Cost reductions in energy efficiency, generation, management, and storage are changing the economics of energy markets. At the same time, new software applications are dramatically reducing the transaction costs required to purchase, aggregate, dispatch, and monetize millions of small energy installations, ranging from industrial coolers to solar home systems. Together, these changes represent a once in a century transformation of their energy ecosystem and enable Modern Energy to play a catalytic role in bringing market-moving price and technology trends to scale. It was incorporated in 2010 and is based in Durham, North Carolina.