Aquilon's Energy Settlement Network®
The Industry’s unique, automated, and collaborative service for settlement of wholesale energy transactions
Settle with all of your counterparties
ESN’s® Unique Automation and Network
ESN® automates your company’s cash flow settlement operations resulting in reduced cost, risk and enhanced
compliance and control
ESN Settles Multiple Commodities
with your Counterparties
ESN automates settlement for Power, Natural Gas, and Crude Oil, as well as, settlement with ISOs and Pipelines
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Today, the energy industry is a vast network of diverse market participants producing, transporting and trading energy. Each energy company is challenged to manage cash flow across multiple commodities, assets, and regions.
The industry settles billions of dollars of wholesale energy transactions using emails, spreadsheets, faxes, and phone calls. These tools and processes are used by thousands of settlement departments each one working to meet tight cash flow deadlines.
Working with key industry participants, Aquilon has built the Energy Settlement Network® (ESN®) to automate energy settlements using a collaborative, cloud-based platform.
Learn more about the Energy Settlement Network®
“With the Energy Settlement Network, Aquilon has increased automation in the settlement process, additionally, as members of the network, we will now be able to access the data and information we need in one place.”
- Owen West,
Head of US Natural Gas and Power Trading at Goldman Sachs
"Aquilon's technology integration approach allowed us to quickly integrate our ETRM system to ESN."
- Roy Goodman,
Senior Director, IT – Solutions
"Dynegy uses ESN to automatically and collaboratively settle Power with our trade counterparties increasing efficiencies and reducing risk. Working with Aquilon we launched ESN Power in less than ninety days."
- Clint Walden,
Chief Accounting Officer
"“Automating the energy settlement process helps reduce trading costs and ensures an audit trail. Invenergy is proud to help grow Aquilon's Energy Settlement Network and create a high quality, secure standard for the industry.”
SVP New Ventures & Corporate Affairs
- Amy Francetic,
Aquilon Featured News
Aquilon Energy Services hires Houston executive to lead sales
David Vinzant to lead company’s sales team for the Americas
HOUSTON — June 7, 2018 — Aquilon Energy Services recently hired David Vinzant as its senior vice president and head of sales. Vinzant brings to Aquilon more than 30 years of experience managing the sales and delivery of software solutions for the energy industry. Based in Aquilon’s Houston office, Vinzant will manage the company’s Americas sales efforts for its Energy Settlement Network®.
North American renewable energy company Invenergy joins Aquilon’s ESN
Invenergy selects ESN to streamline settlement department operations and sees immediate results
LISLE, Ill. — April 26, 2018 — Invenergy, North America’s largest renewable energy provider, joined the Energy Settlement Network from Aquilon Energy Services. The Invenergy Future Fund was an early investor in Aquilon Energy Services, and introduced the company to Invenergy’s trading team. Invenergy quickly recognized the value of having their counterparties, communication and documentation organized on a secure, collaborative and cloud-based network. Invenergy now settles physical natural gas on ESN.
Global Energy Company ENGIE Joins Aquilon’s Energy Settlement Network
ENGIE selects ESN to automate settlement transactions and accommodate rapid growth
LISLE, Ill. — Mar. 8, 2018 — ENGIE, a global energy company with over 150,000 employees in about 70 countries, recently upgraded to pro membership on Aquilon’s Energy Settlement Network. ESN is an innovative, cloud-based platform that automates the energy settlement process. The network helps members realize significant improvements in operations, audit, compliance, cash flow management and security. With access to the full capabilities of ESN, ENGIE’s settlement team can manage an ever-increasing number of transactions more easily.
500 companies now settle energy transactions on Aquilon’s Energy Settlement Network
Companies have settled more than $17 billion in transactions on ESN
LISLE, Ill. — Feb. 8, 2018 — More than 500 companies – ranging from electric utilities and multinational oil and gas companies to Fortune 500 financial institutions – now settle energy transactions on Aquilon’s Energy Settlement Network. ESN is an innovative, cloud-based platform that automates the energy settlement process. The network helps members increase security of sensitive information, improve financial performance, settle more transactions in less time, and reduce exposure to risk.
Aquilon Energy Services hires new head of marketing
Scott Egler to lead marketing for Aquilon Energy Services
LISLE, Ill. — Jan. 24, 2018 — Aquilon Energy Services recently hired Scott Egler as its vice president of marketing. Aquilon’s Energy Settlement Network® is a cloud-based platform, built in partnership with major energy industry players, that enables organizations to collaboratively settle energy transactions. In his role, Egler will develop and execute the firm’s marketing strategy.
Aquilon Energy Services opens new office in Houston
Office in Esperson building will support firm’s continued expansion in the city
LISLE, IL — Oct. 10, 2017 — Aquilon Energy Services recently opened a new, expanded office in the Esperson building in downtown Houston to support its ongoing growth in the city. Aquilon is the developer of the Energy Settlement Network, the first collaborative, cloud-based platform to automate wholesale energy settlements.
Midwest Energy News
October 2017 - A Chicago-area startup is garnering the attention of major industry players with a cloud-based platform for settling energy trades in the decentralized, digital 21st century.
Aquilon Energy Services, based in Lisle, Illinois, has developed an Energy Settlement Network that leverages the power of web-based communication technology and big-data analytics to make it easier for energy companies and other firms to trade commodities like power, oil and natural gas.
August 14, 2017 - Fintech revolution coming to settlement
Settlement departments are the often-unheralded engines of companies' financial operations. The physical and financial energy transactions that keep oil and gas flowing worldwide produce mountains of financial data that end up as invoices on the desks of settlement analysts. Companies need efficient settlement operations to ensure accuracy and maintain cash flow.
Enterprise Ethereum Alliance Becomes World’s Largest Open-source Blockchain Initiative
Aquilon Energy Services joins Enterprise Ethereum Alliance.
NEW YORK, NY, USA – July 18, 2017 – Enterprise Ethereum Alliance (EEA) announced today that 35 organizations have joined the blockchain industry group since late May. This brings total membership to over 150 organizations added since the group’s launch in February of this year. EEA is now the world's largest open-source blockchain initiative.
Energy Risk names Aquilon’s Energy Settlement Network “Innovation of the Year”
ESN recognized for being the first collaborative, cloud-based network for energy settlements
LISLE, Ill. — May 10, 2017 — Aquilon Energy Services’ Energy Settlement Network was named the
Innovation of the Year at the 2017 Energy Risk Awards Tuesday in Houston. As the first collaborative,
cloud-based platform to automate wholesale energy settlements, the ESN enables buyers and sellers
to easily identify exceptions and settle physical and financial energy transactions with their counterparties.
FINANCIAL SERVICES ADVISORY AND COMPLIANCE
Imagine a World Without Energy Settlement Risk
Thomas J McNulty, CQF, FRM
The global energy market is worth about $6 trillion today, and has both financial and physical aspects to it. The supply chains are vast, complicated, and risky. Because of this complexity, and legacy delivery, settlement, and contract conventions dating back to the 19th century, administrative and back-office costs are high. So are the costs of settlement risk, but thanks to innovative new technologies and services, the day is fast approaching when settlement risk will be a distant memory.
Aquilon Energy Services raises $19 million during Series B financing round
Citi, Goldman Sachs, Invenergy and Macquarie Group invest in Chicago-area developer of first collaborative, cloud-based energy settlement network
LISLE, Ill. — Feb. 1, 2017 — Aquilon Energy Services Inc., developer of the first collaborative cloud-based platform that enables buyers and sellers to automatically settle both physical and financial energy transactions, has raised $19 million during a Series B financing round. The Series B financing round includes investments from Citi, Goldman Sachs Principal Strategic Investments, Invenergy and Macquarie Group – and all four companies committed to use Aquilon’s Energy Settlement Network (ESN™). Lake Bridge Capital also continues to serve as a key investor in Aquilon.
1001 Warrenville Road, Suite 255
Lisle, Illinois 60532
Energy Settlement Network®
Aquilon Energy Services, Inc.
ESN® settles wholesale energy commodities with all your counterparties on an industry standard platform.
Perform your ISO settlements and reconciliation with all your ISOs
808 Travis Street, Suite 400
Houston, Texas 77002
The industry standard platform built with input from Aquilon's Energy Industry Advisors.