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Hunt Energy Network: How a small trading team runs 32 battery assets across ERCOT with Modo Energy
How a small trading team runs 32 battery assets across ERCOT with Modo Energy
Featuring:
Drew Peine, Vice President of Commercialization
Georgia Clark, Lead Short Term Energy Trader
"I use Modo Energy almost like a market analyst. The questions I would ask my team to go figure out, Modo Energy has already done that analysis. It's like having an additional team member."
32
Assets across four ERCOT load zones
410 MW / 510 MWh
Operational capacity
100%
Merchant revenue
The customer
Hunt Energy Network (HEN) is a Dallas-based developer and operator of distributed battery energy storage resources across ERCOT, and an affiliate of Hunt Consolidated, Inc.
HEN operates 31 distributed generation resources (DGRs), each under 10 MW, plus one transmission-level asset. The distributed model is deliberate. Smaller assets spread across the state eliminate contagion risk at any single node and allow the in-house EPC team to commission quickly.
The company runs its own Qualified Scheduling Entity (QSE), optimization and asset management functions. A 24/7 Network Operations Center (NOC) staffs a team of professionals across Houston and Dallas.
The challenge: Running a fleet of 32 unique nodes
Each of HEN's assets sits on a different ERCOT node, with its own congestion patterns and price formation dynamics.
"The difficulty is managing revenue maximization across 32 unique nodes on a daily basis, every single day of the year," said Peine.
As the ERCOT BESS fleet expanded through 2023 and 2024, tracking competitor performance became unmanageable with internal tools alone. HEN onboarded 12 to 15 assets in a single year while trying to monitor the wider market.
"We tried other providers, but their revenue reports were 20 to 30% off from our actual numbers," said Peine. "Modo Energy dug in from the beginning to understand how batteries actually make money."
The introduction of Real-Time Co-optimization with Batteries (RTC+B) in late 2025 added further complexity. New reports replaced old ones. Ancillary service products reshaped bidding strategies. The team needed to adapt without a pause in operations.
Modo Energy moved to support the transition, posting revenue data from the first days of the new market design. The team also sought direct feedback from HEN on how to tag virtual and financial ancillary service positions to individual resources.
"Modo Energy was quick to post revenues from the first days of RTC+B," said Clark. "That speed was important when you're trying to maximize revenue for a fleet of our size through a live market transition."
The solution: Daily benchmarking and market intelligence at fleet scale
Performance benchmarking every day
Clark pulls data from the Terminal every morning. She tracks HEN's fleet against a custom Modo Energy index: ERCOT batteries with similar durations, with HEN's own assets excluded for a fair comparison.
"I'm in the data every single day," said Clark. "We post our performance against the rest of the ERCOT fleet to our commercial team, NOC operators and operations team, so everybody knows how we're doing."
When an asset underperforms the index, the team investigates. When it outperforms, they study why. This daily feedback loop runs continuously across the trading team, six NOC operators and an asset manager.
Research that shapes trading strategy
HEN uses Modo Energy's monthly benchmark reports and TBX metrics to guide its arbitrage and ancillary services strategy. RTC+B compressed the discharge window and pushed more batteries into the same few hours. Arbitrage capture became the key differentiator.
"Arbitrage is the name of the game now," said Clark. "The fact that Modo Energy was publishing TBX analysis early on is indicative of them knowing where the market was heading."
Modo Energy's research has also validated HEN's siting strategy. When the Terminal published analysis on HEN's Russek node, which has been one of the top-performing nodes in ERCOT for two consecutive years, it gave the team independent confirmation of their approach.
"To get a published analysis showing why our node is the best in ERCOT, that everybody else could see, was awesome," said Clark. "It confirmed why it was sited there and the value we're able to extract from it."
Acquisition due diligence
When HEN acquired the Fort Duncan facility from Recurrent Energy in January 2026, Peine used the Terminal to analyze historical revenue performance and model HEN's trading philosophy on top.
"We analyzed performance through the Modo Energy Terminal, then modeled our approach to understand where we could unlock value that wasn't being captured," said Peine. "That analysis helped drive the investment decision."
The impact: An additional virtual team member
For a small trading team managing 410 MW across ERCOT, the Terminal acts as a force multiplier.
"It almost replaces an FTE," said Peine. "Modo Energy has already done a lot of the analysis behind the questions I would ask myself, or ask my team to go figure out. I can use it as a coworker to reach a decision quickly, without hiring another person."
"Modo Energy is like having another person on our team," said Clark. "I can research constraints on the nodes where our new West Texas assets will connect and model what our strategy could look like, without needing another analyst."
The Terminal's reach extends beyond the two-person trading desk. All six NOC operators and the asset manager are also active users, creating a shared language for performance across every twelve-hour shift.
Terminal data also flows into investor reporting and senior management updates. Third-party validation carries weight in capital allocation conversations.
"Having an independent source confirm our results gives credence to our internal teams, senior management and investors that we can maximize returns on capital deployed," said Peine.
Going further: 360 MW of new capacity and API integration
HEN has 360 MW of transmission-level assets under development in West Texas, with commissioning expected in 2027. These will be the company's first developed assets above 100 MW. The team is also integrating Modo Energy's API into its proprietary analytics platform for automated IRR calculations and revenue stack analysis.
"Being able to research the West Texas import constraints that came online last year was huge," said Clark. "The rules and regulations Modo Energy keeps up with, in a commercial sense, is like no other."
Asked what she would tell a peer at another operator considering Modo Energy, Clark was direct: "It's a great resource for understanding BESS in ERCOT. You can go from entry-level all the way to as advanced as you want, all in one place."
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