HomeJuly 26, 2023
Renewables & Energy Storage Company Launches Financial Trading Business For Electricity In ERCOT
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Agilitas Energy, which describes itself as, "the largest integrated developer, builder, owner and operator of distributed energy storage and renewable energy systems in the northeastern U.S.," today announced it has established a dedicated energy trading function to support and enhance the company’s physical activities in the Electric Reliability Council of Texas (ERCOT) market.
"Specifically, the company will participate in ERCOT’s nodal market to help manage both price and congestion uncertainty," Agilitas said
Agilitas Energy plans to expand its financial trading and asset management businesses in additional markets, such as California Independent System Operator (CAISO).
Agilitas Energy is currently developing and constructing more than one gigawatt (GW) of renewable energy and energy storage projects throughout the United States, including a portfolio of energy storage projects in Houston, Texas as its foray into the ERCOT market.
The company anticipates launching its ERCOT operating strategy and platform when its first Houston project reaches commercial operation at the end of 2023.
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