Equilibrium Signs Partnership with Hatch Renewables to Provide Firm Offtake to Utility Scale Storage Developers
Equilibrium Energy and Hatch Renewables announced a partnership to manage utility-scale battery storage by pursuing tolling agreements with developers that have operating assets or projects with near-term commercial operation dates.
May 25, 2023. By News Bureau
Equilibrium and Hatch have been working closely together over the past year to formalize the partnership and screen an initial set of tolling opportunities in ERCOT.
Equilibrium was formed by its CEO, Ryan Hanley, and a team with extensive experience in commercial structuring, power systems engineering, machine learning and AI, risk management, and software engineering.
Hatch was formed by its CEO, James Murchison, and a highly skilled team with a deep-rooted understanding of ERCOT grid operations and backgrounds in managing risk, optimizing power assets, and structuring investments to maximize financial returns.
Equilibrium CEO, Ryan Hanley, said, “We have deeply enjoyed working with Jimmy and Hatch to develop this strong partnership, and we are excited to be taking it to market together. Equilibrium and Hatch have a shared view of how innovative commercial structures paired with cutting edge software, AI, and power systems fundamentals can provide a compelling and much needed offtake for our storage development partners. Plus, we’re collectively mitigating carbon emissions and enabling clean energy, which is the core motivation.”
Hatch Renewables CEO, James Murchison, said, “We are thrilled to be working with Ryan and his team at Equilibrium. Equilibrium and Hatch have a shared goal of reshaping the clean energy economy and believe our complementary skill sets will accelerate Equilibrium and Hatch’s impact on that transformation.”
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