Modern Energy

Modern Energy is an energy asset management firm based in Durham, North Carolina, that focuses on investing in businesses that develop and commercialize emerging energy technologies and resources. The company engages with clean energy enterprises to advance innovations in energy efficiency, distributed generation, and storage, thereby supporting the transition to a net-zero carbon economy. Modern Energy operates across various regions, including the United States, Brazil, and the United Kingdom, where it invests in projects such as solar energy and virtual power plants. By facilitating the integration of new hardware and software solutions, Modern Energy helps reduce costs associated with energy management and enhances the economic viability of small energy installations. This strategic approach positions Modern Energy as a key player in the ongoing transformation of the energy ecosystem, enabling significant advancements in market dynamics and technology trends. Incorporated in 2010, the company aims to ensure sustainable, reliable, and affordable energy for all.

Benjamin Abram

Co-Founder, CEO, Managing Director and Board Member

3 past transactions

NovoHydrogen

Venture Round in 2023
NovoHydrogen specializes in providing renewable hydrogen solutions aimed at serving large-scale industrial, transportation, and power sector customers. The company focuses on hydrogen project development, utilizing innovative technologies to produce renewable hydrogen through the splitting of water into hydrogen and oxygen. This process offers a safe, zero-carbon alternative for clients seeking emission-free and cost-effective renewable gas or fuel for their operations. With extensive experience in the energy sector, including the development of solar, wind, and battery storage assets, NovoHydrogen leverages its knowledge to support the energy transition and promote sustainable practices across various industries.

Industrial Sun

Series A in 2023
Industrial Sun is a developer specializing in large-scale solar projects, designed for power sale to industrial clients operating within the energy market. The company collaborates with project landowners and surrounding communities to responsibly develop these projects, aiming to support rural and industry-adjacent communities while providing comprehensive and cost-saving solar energy solutions tailored to meet client needs.

KrakenFlex

Series A in 2017
KrakenFlex is a technology company specializing in real-time distributed energy resource management and distribution network monitoring. It offers a cloud-based energy system management platform designed to aggregate and manage various renewable energy assets. By employing advanced algorithms and artificial intelligence, KrakenFlex enables utilities, traders, generators, and network operators to optimize and monetize extensive portfolios of diversified energy assets. This capability allows clients to seize new opportunities while promoting the adoption of renewable technologies, ultimately contributing to a more sustainable and efficient power network.
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