[SMM PV Flash] Modi Energy Launches Zero-Upfront Residential Solar-Plus-Storage Model in Denmark
Danish company Modi Energy has launched an Energy-as-a-Service model for residential solar and battery storage, under which the company finances, installs, owns and operates the systems while households avoid upfront equipment costs. Modi Energy also promises electricity bills 20% below its defined market benchmark while customers remain on its hardware and electricity service. In addition to optimising household energy use, the company plans to aggregate residential batteries for participation in frequency reserve, day-ahead and intraday electricity markets. The model shifts residential solar-plus-storage from one-off equipment sales toward an asset ownership, energy service and electricity market revenue structure.