Hunt Energy Network, a developer and operator of distributed energy resources, and Manulife Investment Management, a private equity firm, agreed to form a joint venture to actively participate in the energy storage space. Financial terms were not disclosed. "The open power market of Texas is a magnet for innovation. Our team is ready to speed the day when reliable electricity becomes more decentralized, more decarbonized, and more democratized. And we could not have found a better partner with whom to build that future," Pat Wood, Hunt Energy Network CEO.