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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®

Aquilon Featured News

 

 

 

 

 

 

 

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

 

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.

 

Company Headquarters:

1001 Warrenville Road, Suite 255

Lisle, Illinois 60532

Phone Number

888 943 0340

 

Email Address

service@aquiloninc.com

Social Networks

Energy Settlement Network®

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Contact Information

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

Houston Office:

808 Travis Street, Suite 400

Houston, Texas  77002

The industry standard platform built with input from Aquilon's Energy Industry Advisors.

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