Hunt Energy Network has acquired the 100MW / 200MWh Fort Duncan BESS from Recurrent Energy in ERCOT. The project was commissioned in June 2025 and operates as a 100% merchant facility. With this deal, Hunt now owns and operates 33 BESS assets totaling 420MW in Texas.

The insight is simple: Hunt is scaling merchant exposure, not contracted storage.

Fort Duncan is transmission-level and fully merchant. That matters. In a market where many buyers still prefer contracted or hybrid structures, Hunt is underwriting volatility. They are betting on congestion spreads, system stress, and price dispersion — not fixed capacity payments.

Execution is the other lever. Hunt is integrating the asset into its in-house TraDER QSE optimization platform, already managing 32 distribution-level batteries. That internal trading and dispatch capability reduces reliance on third-party optimizers and tightens margin capture.

Commercially, this signals confidence in ERCOT’s structural volatility. With data center load growth and persistent congestion in West Texas and load pockets, merchant batteries remain financeable — but only for operators who can trade them.

Recurrent monetizes a commissioned asset. Hunt compounds scale in a market it knows. The buyer is not diversifying. It is concentrating.

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