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.
Co-Founder, CEO, Managing Director and Board Member
3 past transactions
NovoHydrogen
Venture Round in 2023
NovoHydrogen specializes in the production and commercialization of renewable hydrogen, catering to large-scale industrial, transportation, and power sector clients. The company focuses on hydrogen project development, which involves the process of splitting water into hydrogen and oxygen to create a zero-carbon alternative. This technology enables clients to access emission-free and cost-effective renewable gas or fuel for their operations. Drawing from extensive experience in the energy sector, NovoHydrogen leverages insights gained from developing solar, wind, and battery storage assets, as well as oil and gas operations, to advance innovative energy transition technologies.
Industrial Sun
Series A in 2023
Industrial Sun specializes in the development of large-scale solar projects aimed at industrial clients in the energy market. The company focuses on creating cost-effective solar solutions while collaborating with project landowners and local communities to ensure responsible development. By prioritizing the success of rural and industry-adjacent communities, Industrial Sun facilitates the transition to solar energy, providing clients with comprehensive resources that enhance energy efficiency and sustainability.
KrakenFlex
Series A in 2017
KrakenFlex specializes in real-time management and monitoring of distributed energy resources, catering to utilities, traders, generators, and network operators. The company has developed a cloud-based energy system management platform that aggregates and oversees various renewable energy assets. By employing advanced algorithms and artificial intelligence, KrakenFlex enables its clients to efficiently manage and monetize large, diversified portfolios of energy resources. This approach not only allows clients to seize new opportunities but also promotes the adoption of renewable technologies, contributing to the creation of a more sustainable and efficient power network.
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