Manulife Investment Management, through its Manulife Infrastructure Fund III, has committed $250 million to Hunt Energy Network, a Dallas-based developer and operator of dispatchable energy resources.
Hunt Energy Network will use the funding to develop and operate dispatchable power resources in the Electric Reliability Council of Texas (ERCOT). Backed by Manulife's commitment, Hunt Energy Network plans to develop additional energy-storage projects and new thermal peaking-generation facilities throughout ERCOT. These thermal-peaking units would have significant on-site fuel storage, ensuring the ability to reliably operate during critical times, such as extreme weather events. In addition, these generators would be able to run on a variety of fuel types. Unlike generators that rely solely on natural gas, Hunt Energy Network said these generators would not be dependent on the operational status of natural gas supply and delivery.
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