Hunt Energy Network
Hunt Energy Network develops, owns, and operates a 420 MW portfolio of battery energy storage systems and distributed power assets across the ERCOT market, using its proprietary TraDER platform for 5-minute granularity optimization and trading, and serving grid operators, BESS asset owners, and data center customers.
- Company typePrivate
- Founded2019
- HeadquartersLake Dallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Hunt Energy Network does
Hunt Energy Network (HEN) is a Texas-based clean energy company that develops, owns, and operates battery energy storage systems (BESS) and distributed power assets in the ERCOT market. Founded in 2019 and operating as part of the Hunt Energy Company family — a private, family-owned energy enterprise with 90+ years of history — HEN manages a 420 MW portfolio strategically sited across all 4 ERCOT load zones, comprising 31 operating batteries plus newly added diesel peaking generation. The company is led by President & CEO Stephanie Kroger, Executive Chairman Pat Wood III (former Chairman of the Public Utility Commission of Texas and former FERC Chairman), and CSO Daniel Price.
The company's core technology is TraDER, a proprietary automated trading and asset management platform that executes full automation of BESS assets at 5-minute granularity for ERCOT market participation. TraDER combines iterative AI/ML feedback with real-time optimization for State-of-Charge management, cycle efficiency, utility tariff cost mitigation, automated bidding, settlement, and anomaly detection, supported by a 24/7/365 Network Optimization Center. The platform is RTC-compliant and serves both HEN-owned assets and third-party BESS owners via Level 4 Qualified Scheduling Entity (QSE) services.
HEN operates a multi-revenue business model combining (1) merchant BESS asset ownership and operation in ERCOT's energy and ancillary services markets, (2) QSE and asset optimization services for third-party BESS owners, and (3) asset development in collaboration with Manulife Investment Management as equity partner. Notable transactions include the $183 million Fort Duncan BESS acquisition from Recurrent Energy (Canadian Solar subsidiary) in February 2026 and a $250 million Manulife funding event in August 2024. The company is also pursuing commercial and industrial customers, particularly data center operators, as a new demand segment.
Hunt Energy Network firmographics
Firmographics- Name
- Hunt Energy Network
- Legal name
- Hunt Energy Network
- Website
- https://huntenergynetwork.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hunt Energy Network develops, owns, and operates a 420 MW portfolio of battery energy storage systems and distributed power assets across the ERCOT market, using its proprietary TraDER platform for 5-minute granularity optimization and trading, and serving grid operators, BESS asset owners, and data center customers.
- Ownership category
- akta.pro rank
Hunt Energy Network industry classification
Industry- Product category
- Grid-Scale Battery Energy Storage
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), Energy Storage (BESS) Monitoring, Control & Optimization (EUADAPAG)
Keywords
Where Hunt Energy Network is headquartered
LocationHeadquarters
- HQ city
- Lake Dallas
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Hunt Energy Network business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Battery Energy Storage Asset Ownership & Operation: Hunt Energy Network acquires, owns, and operates grid-scale battery energy storage systems (BESS) in ERCOT, generating revenue through energy trading, ancillary services, and grid support services. The 100MW/200MWh Fort Duncan facility is a merchant-based standalone BESS providing grid support and reliability services.
- QSE and Optimization Services: Provides Qualified Scheduling Entity services and asset optimization for third-party BESS owners, including automated bidding, settlement, and operational intelligence. Revenue from service fees to asset owners.
- Asset Development: Developing energy storage and thermal generation assets in collaboration with Manulife Investment Management as equity partner, with assets dispatched by the TraDER platform.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Hunt Energy Network product offering
Product offeringCore offering
Hunt Energy Network owns, operates, and optimizes grid-scale battery energy storage systems (BESS) in the ERCOT market, using its proprietary TraDER platform for 5-minute granularity market participation. It also provides Level 4 Qualified Scheduling Entity (QSE) services, asset optimization, and 24/7 Network Optimization Center monitoring for BESS owners, alongside developing new storage and thermal generation assets with Manulife Investment Management as equity partner.
Product overview
Hunt Energy Network operates as a Texas-focused clean energy asset management company in ERCOT, offering an integrated platform combining the proprietary traDER platform (automated trading and asset management), QSE Services (Level 4 scheduling entity), and Asset Development capabilities. The traDER platform provides AI/ML-powered 5-minute granularity optimization for BESS assets, while the company develops and operates a fleet of battery storage and thermal generation assets across all ERCOT load zones in collaboration with Manulife Investment Management.
Differentiator
Problem solved
Functional benefit
Brands
- traDER: Hunt Energy Network's proprietary trading and optimization platform that executes full automation of assets at 5-minute granularity for optimal management of BESS assets
Products and services
- TraDER Platform
- QSE and Optimization Services
- Asset Development
- Network Optimization Center
- Fort Duncan Battery Storage Facility
Companies that use Hunt Energy Network
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Hunt Energy Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
Hunt Energy Network partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Recurrent Energy (Canadian Solar subsidiary)minorAcquisition transaction - Recurrent Energy sold its 200MWh Fort Duncan BESS project to Hunt Energy Network. The project was financed with $183 million in project financing and tax equity. Black Mountain Energy Storage originally developed the Fort Duncan BESS before Recurrent took it over as part of a two-project portfolio in June 2022.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Hunt Energy Network competitors and assessment
Company assessmentDirect peers
- Plus Power: Independent developer/operator of standalone utility-scale battery energy storage with significant ERCOT footprint, competing head-to-head with HEN for merchant BESS opportunities in Texas.
- Stem Inc: Public AI-enabled energy storage optimization and VPP platform; the closest direct competitor to HEN's TraDER optimization software and 3rd-party asset management offering.
- Key Capture Energy: Independent BESS developer/operator with deep ERCOT presence and a similar merchant standalone storage model, competing for the same Texas opportunities as HEN.
- Convergent Energy + Power: North American BESS developer/operator with a similar merchant IPP model and 3rd-party optimization services; comparable business model to HEN across multiple ISOs.
Emerging players
- Eolian: Texas-based independent power producer focused on BESS and renewable development in ERCOT; smaller scale than HEN but actively competing in the same load zones.
- Form Energy: Long-duration iron-air BESS developer targeting multi-day storage applications in ERCOT and beyond; adjacent technology competitor for utility-scale storage contracts.
Broad incumbents
- Fluence: Public global BESS integrator (Siemens/AES JV) offering both hardware turnkey solutions and the Mosaic ATDER software platform — a larger incumbent competing for the same optimization and asset-management wallet as HEN.
- Tesla Energy: Vertically integrated Megapack manufacturer and operator of large-scale BESS; competes with HEN both as a hardware supplier in ERCOT and as a developer/operator in adjacent markets.
- Invenergy: Large-scale independent power producer with a growing BESS portfolio across ERCOT and other markets; competes with HEN for project acquisitions and utility-scale development.
- Wartsila Energy Storage: Global energy storage provider (GridSolv Quantum platform) competing in grid-scale BESS; larger, more diversified incumbent relative to HEN's focused ERCOT franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Hunt Energy Network social profiles
Digital presenceHunt Energy Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hunt Energy Network leadership team
Management profileNumber of profiles
Profiles6 records
Hunt Energy Network funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hunt Energy Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hunt Energy Network
What does Hunt Energy Network do?
Hunt Energy Network owns, operates, and optimizes grid-scale battery energy storage systems (BESS) in the ERCOT market, using its proprietary TraDER platform for 5-minute granularity market participation. It also provides Level 4 Qualified Scheduling Entity (QSE) services, asset optimization, and 24/7 Network Optimization Center monitoring for BESS owners, alongside developing new storage and thermal generation assets with Manulife Investment Management as equity partner.
Is Hunt Energy Network a public or private company?
Hunt Energy Network is a private company. It is classified as family owned and is currently operating.
When was Hunt Energy Network founded?
Hunt Energy Network was founded in 2019. It employs 11 to 50 people.
Where is Hunt Energy Network based?
Hunt Energy Network is headquartered in Lake Dallas, United States, in the North America region.
How does Hunt Energy Network make money?
Three revenue lines are on record. Battery Energy Storage Asset Ownership & Operation is the primary driver. The others are QSE and Optimization Services and asset Development.
Who are Hunt Energy Network's main competitors?
Direct peers on record are Plus Power, Stem Inc, Key Capture Energy and Convergent Energy + Power. Emerging players are Eolian and Form Energy. Broad incumbents are Fluence, Tesla Energy, Invenergy and Wartsila Energy Storage.
Does Hunt Energy Network have an API?
No public API is recorded for Hunt Energy Network.
What industry is Hunt Energy Network in?
Hunt Energy Network's product category is Grid-Scale Battery Energy Storage. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAG, BESS Operations, Maintenance & Asset Performance Management (APM).