US-based Trellis Energy, previously part of business consulting firm Blackstone Technology Group, has been launched as a separate corporate entity, wholly-owned by Blackstone.
The new company will continue to offer the Trellis natural gas transaction management platform that manages energy transactions.
The platform also automates critical processes in natural gas production, gathering, and various deliveries from pipeline to storage and end users.
It will also absorb Blackstone’s digital services practice for the energy sector to provide software and services to energy companies in the areas of big data analytics, mobile, cybersecurity and the grid of things (GoT).
Trellis Energy CEO Rakesh Agrawal said: “With the Trellis platform, we offer true web-based, secure and completely automated and integrated software modules that manage business processes throughout the natural gas supply chain, in a single-platform.
“In using a software-as-a-service (SaaS) model, we allow energy companies the flexibility to choose either an on-premise or a hosted solution, based on their size, need and budget.”
Trellis Energy said it will continue providing better level of customer service to its existing natural gas and electric companies in the US, as well as to its future customers.
Furthermore, the company will use new software and services solutions including its natural gas transaction management platform to serve energy companies in the areas of gas, liquids, oil, and electric.
Blackstone Technology Group CEO David Mysona said: “The reorganisation and spin-off of Trellis Energy as a separate entity reflects Blackstone’s continuous desire to drive the latest innovation in the energy industry, and its commitment to accelerating the future growth of the Trellis platform."
Trellis Energy’s natural gas transaction management platform is used by companies including BP Pipeline, Chevron Pipeline, DTE Energy, Gaz Metro, NextEra Energy, ONE Gas, Pacific Gas & Electric and Tokyo Gas.
