Eligo Energy, LLC

Director

• Lead the development, financing, and execution of utility-scale and behind-the-meter battery energy storage systems (BESS)
• Deliver 5–10 grid-scale battery projects utilizing 5-hour and 10-hour battery technologies
• Oversee projects from market selection and financial modeling through land acquisition, interconnection, financing, EPC contracting, and construction start
• Select and work with multiple contractors and consultants, performing some work personally and outsourcing other elements
• Maintain expertise in energy storage economics, ISO market structures, project finance, and infrastructure development
• Engage banks, tax equity investors, and strategic partners to secure project financing.
• Negotiate land leases, purchase options, and oversee interconnection processes
• Ensure projects reach construction start and progress toward commercial operation on schedule

Director of Grid-Scale Battery Storage

• **Role Objective**
• Off-Peak Power is a recent joint-venture between TerraFlow Energy and Eligo Energy. Off-Peak Power will operate regional load serving entities (starting with ERCOT) primarily for large industrial customers using TerraFlow Energy’s grid-scale batteries.
• The Director of Off-Peak Power will lead the planning, regulatory approval, and operational build-out required for Off-Peak Power to become an active ERCOT Retail Electric Provider (REP) and Qualified Scheduling Entity (QSE).
• The role begins with Option 2 REP / Level 2 QSE participation, followed by a structured upgrade to Option 1 REP with either an in-house or outsourced Level 4 QSE.
• This position is responsible for coordinating internal resources, consultants, external vendors, regulators, and financial counterparties to achieve market readiness and compliance.
• **Phase 1 – Strategic & Business Planning**
• Enterprise Business Planning
• - Develop near-term, mid-term, and long-term business plans and forecasts suitable for:
• - Investors and capital planning
• - ERCOT REP and QSE applications
• - Credit counterparties and collateral providers
• - Define load growth assumptions, revenue model, margin structure, and risk framework
• - Align forecast assumptions with ERCOT credit and operational requirements
• **Phase 2 – REP Certification & Regulatory Setup**
• - Option 2 REP (Initial Market Entry)
• - Establish legal entity
• - Execute required applications and agreements
• - Coordinate regulatory filings and approvals with ERCOT and the Texas PUC
• - Option 1 REP (Upgrade Path)
• - File amendment to REP certification type
• - Establish and document Option 1 technical and managerial capability, including:
• - Management industry experience
• - Commodity and risk management experience
• - Complete additional ERCOT testing or “flight tests” if required
• - Satisfy Option 1 financial requirements
• - Implement enhanced ERCOT reporting requirements
• **Phase 3 – QSE Strategy & Activation**
• - Level 4 QSE (In-House or Outsourced)
• - Submit ERCOT QSE application
• - Manage ERCOT administrative review
• - Satisfy credit and financial qualification requirements
• Provide sections from the Phase 1 business plan and operational forecast.
• - Demonstrate technical and operational readiness:
• - Scheduling systems
• - Telemetry and settlement interfaces
• - Backup control plans
• - Complete operational testing and ancillary services qualification
• - Secure ERCOT certification and final approval
• **Phase 4 – Systems, Technology & Integration**
• Market Systems & EDI
• - Select, negotiate, and contract:
• - Market systems vendor
• - EDI provider
• - Oversee implementation and integration
• - Complete ERCOT systems testing and approval post-implementation
• - Ensure readiness for settlements, invoicing, and data exchange
• ** Phase 5 – Credit, Collateral & Financial Infrastructure**
• ERCOT Credit & Collateral
• - Prepare and submit ERCOT credit application (supported by business plan)
• - Extract from business model: expected load, settlement exposure, and counterparty risk
• - Post required financial security
• - Complete ERCOT creditworthiness review
• - Support ERCOT retail training and technical approvals
• - External Credit Facilities
• - Define and negotiate credit facility support (e.g., EDF or other counterparties)
• - Evaluate use of third-party QSE services and bundled credit support
• - Compare alternative credit providers
• - Complete negotiation and legal contracting of credit facilities
• **Phase 6 – Training, Readiness & Market Launch**
• - Complete ERCOT retail and operational training
• - Ensure compliance with:
• - Retail market rules
• - Texas transaction timelines
• - Settlement and invoicing procedures
• - Finalize go-live readiness for REP and QSE operations
• **Phase 7 – Expansion & Future State Planning**
• - Assess licensing and regulatory requirements in additional states (as needed)
• - Develop roadmap for geographic and load expansion
• - Support long-term optimization of risk, credit, and operational structure