Hunt Energy Network operates a fully integrated Energy Management Desk that utilizes a revenue optimization platform and a 24/7 real-time operations center to automate the management of dispatchable energy resources in ERCOT. Their technology enhances operational efficiency and maximizes revenue for battery energy storage systems through algorithm-based bidding and optimal state-of-charge management.
Funding
$250M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Battery energy storage systems (BESS) in ERCOT require sophisticated management to maximize revenue and ensure optimal performance. Inefficient bidding strategies and suboptimal state-of-charge management can lead to lost revenue opportunities and reduced battery lifespan. Furthermore, navigating the complexities of ERCOT market rules and regulations requires specialized expertise and continuous monitoring.
Solution
Hunt Energy Network (HEN) offers a fully integrated energy management desk that automates the dispatch and optimization of distributed energy resources in the ERCOT market. Their solution combines a revenue optimization platform (traDER Max) with a 24/7 real-time operations center staffed by wholesale energy trading and risk management professionals. The traDER Max platform uses proprietary algorithms and machine learning to develop optimal bidding strategies and manage state-of-charge for battery longevity and revenue maximization. HEN also provides full Qualified Scheduling Entity (QSE) services, handling dispatch, scheduling, invoicing, reporting, and ERCOT settlements.
Target Audience
The primary target audience includes owners and operators of battery energy storage systems (BESS) in the ERCOT market seeking to maximize revenue and optimize asset performance.
Features
- 24/7/365 real-time operations center with Level 4 QSE designation
- Proprietary traDER Max platform with algorithm-based bidding strategies
- Optimal state-of-charge (SoC) management for battery life longevity
- In-house data science team with machine learning and AI specialists
- Full in-house SCADA operational capabilities from EMS to wholesale market settlement
- Automated bidding, scheduling, dispatch, invoicing, and settlements
- Engagement in PUCT market design/DER rule making and ERCOT protocol development