Powering the Energy Transition

We partner with clean energy business leaders to deliver sustainable, reliable, affordable energy to all.

Learn More
Certified B Corporation logo

Who We Are

Modern Energy was born out of the conviction that new business models are needed to transition to a more inclusive, more efficient, and zero-carbon energy system.

We are a holding company for outstanding clean energy businesses, driving various elements of the clean energy transition — from energy efficiency and distributed generation to demand response.

We are a long-term, values-aligned partner with agile capital and differentiated expertise.

What We Believe

Our Investment Theses

1. Distributed Energy Growth

We believe the proportion of energy produced worldwide by distributed energy will increase dramatically in the next several decades.

2. Energy Market Disruption

We believe distributed energy technologies will both disrupt traditional energy markets as well as alter the economics of energy markets in large and small-scale ways.

3. Capital Agility

We believe intelligent investors must tailor their investment solutions to the stage or maturity of the developer with whom they are working. That will trend towards enterprise/corporate investments when the developer is young, and can transition to asset investment as the portfolio and developer mature.

4. Generalization

We believe the technologies, strategies, systems and learnings discovered in one local market can be applied to numerous other disparate local markets.

5. Localization

We believe local market conditions, management teams, and business contexts are determinant forces in investment opportunities and separate strong opportunities from weak.

6. Falling Transaction Costs

We believe new technologies are enabling developers to focus on smaller and more distributed energy assets by reducing transaction costs throughout the development cycle.

7. Democratization

We believe the adoption of distributed energy is creating material opportunities to democratize energy access.

8. Transitional Markets

We believe the richest opportunities are found in transitional markets where the most economic solution for market participants has recently changed. First movers, who identify the right bellwether events, can create outsized returns in these markets.

9. Risk Pricing

We believe risk in transitional markets is often mispriced. A business able to price risks appropriately is poised to profit disproportionately.

10. Encumbered Incumbents

We believe high regulatory hurdles, large revenue expectations on sunk costs, and a lack of agility will cause incumbents to struggle to pursue some new energy opportunities on their own, leaving space for others to collaborate or compete.

Four Stages of the Energy Transition

Increase Energy Productivity
Energy productivity / efficiency represents an opportunity to reduce gross electricity generation by 25%, relative to a 2050 base case.
Decarbonize Electric Power Generation
Solar and wind power generation will need to scale exponentially, along with battery capacity and other variable generation flexibility.
Electrify Everything Possible
Transportation will need to fully electrify, along with other applications such as heat pumps and industrial electro-technologies.
Decarbonize What’s Left
Hard-to-abate sectors such as steel, chemicals, heavy road transport, shipping, and aviation will need to be decarbonized as well – and doing so is both technologically and economically possible.

What We Do

We make investments to accelerate the clean energy transition, by both building businesses ourselves and partnering with innovative energy entrepreneurs.

We execute on these investments via a playbook and platform that were tailor-made to accelerate clean energy businesses from seed to maturity.

Trust Our Partners

We trust that giving our partners room to run leads to better business outcomes, because talented business leaders know best when it comes to running their business.

Accelerate Growth

Our platform provides access to low-cost growth capital from seed to maturity, leading institutional, policy and regulatory knowledge in energy, and company-building support for a number of additional general and administrative functions.

Align Incentives

We offer a quicker path to liquidity for founders via profit sharing, and meaningful upside retention upon joining the Modern Energy family. Relative to other capital partners, this means you can receive meaningful compensation without needing an exit.

Our Team

Modern Energy’s Managing Directors have a track record of running and investing in profitable clean energy businesses and a long history of working together
founder-image@2x

Our Founders

Modern Energy was founded by Mark Laabs and Benjamin Abram, friends since 2007 with a shared aspiration to help tackle some the world’s biggest challenges. Mark and Ben have common roots in North Carolina’s Triangle.

Modern Energy is built on their foundational partnership: Ben acquired and incubated American Efficient, one of the leading managers of energy efficiency resources in the United States. Mark co-founded Faro Energy, one of the leading distributed solar companies in Brazil. Since establishing Modern Energy in 2016, initially as a combination of 100% of their ownership in those two firms, Mark and Ben have worked together to create an exceptional platform for people to contribute their time and talent to driving the energy transition.

Learn more about our founders:

Mark Laabs
CEO & Co-Founder, Modern Energy
Benjamin Abram
Executive Chairman, Head of Investments, and Co-Founder, Modern Energy

Our Partners

Pete Curtice
Pete Curtice
CEO, American Efficient
Bo Clayton
Bo Clayton
CIO, American Efficient
Pedro Mateus
Pedro Mateus
CEO, Faro Energy
Eric Butter
Eric Butter
Founder, Tether

Modern Energy Group

Chris Hamilton
Chris Hamilton
Capital
Yousef AbuGharbieh
Yousef AbuGharbieh
Operations
Tayler Dalpe
Tayler Dalpe
Finance & Administration
Jeffrey Hart
Jeffrey Hart
Legal

Board of Managers

Frank Currie
Frank Currie
Jim Wickett
Jim Wickett
Mary Lovejoy
Mary Lovejoy
Suedeen Kelly
Suedeen Kelly
Board Observer
Mark Laabs
CEO & Co-Founder, Modern Energy
Benjamin Abram
Executive Chairman, Head of Investments, and Co-Founder, Modern Energy