Energy Transition Intelligence — Our Investment in HData

Providing better insights and tools from energy transition data to help the energy ecosystem make decisions at speed and scale

The global energy landscape is in transition. As stated by IEA Executive Director, Fatih Birol, “The transition to clean energy is happening worldwide and it’s unstoppable. It’s not a question of ‘if’, it’s just a matter of ‘how soon’ — and the sooner the better for all of us”.

We have seen broad collective efforts of nations, companies, and leaders in setting zero-emission targets and passing significant legislation; however, a significant gap remains: the absence of comprehensive Energy Transition Intelligence. This crucial data, necessary for making informed decisions at the required speed and scale about our energy mix and system operations, is currently mired in regulatory filings and encapsulated within millions of unstructured pages, rendering it nearly inaccessible for timely analysis and action.

From federal and local regulators to utilities, energy companies, external service providers, community groups, investors, and project developers all would benefit from having better data to work with. Today much of this work is done manually, limiting the amount of data and insights available

Our Investment in HData

In response to this pressing need, Buoyant Ventures is excited to announce our investment in HData. By enabling efficient analysis and understanding of critical energy data, HData stands as a cornerstone for informed strategic decision-making, vital for propelling energy initiatives forward. This investment is driven by our confidence in HData’s revolutionary AI-powered data analytics platform, designed to transform the energy sector’s approach to data. We aim to amplify HData’s mission to compile an extensive, authoritative library of regulated energy data, equipping companies with the AI tools necessary for unlocking insights previously shrouded in complexity.

HData’s commitment to leveraging technology in the fight against climate change is particularly compelling. HData offers multiple products, including compliance reporting, generative AI for regulated energy data, and a library of past and present FERC reports, state dockets, testimonials, Integrated Resource Plans (IRPs), etc. with instant analytics and alerts. HData’s platform ingests this data and uses the best fit AI to provide insights and citations while avoiding hallucinations. Selecting the best fit AI allows HData to use the best tools depending on the context of the request, and allows it to benefit from the rise of new and better AI models. For example, ChatGPT could be better at human-like responses, which might be needed for draft comments or testimony, while Google’s Gemini is better for citations. Both are needed and are consistently being traded out depending on what is needed and how each provider is improving.

By making pivotal industry data more accessible and analyzable, HData is set to play a significant role in the transition to a more sustainable and efficient energy economy. The company’s proven success in having traction across Utilities, Public Service Commissions, Consultants, and others highlights its capability to enhance industry reporting, decision-making, and compliance, all while promoting a data-driven culture.

By automating the regulatory data lifecycle, from collection to actionable insights, HData’s platform provides transparency to regulators and community groups while also empowering energy professionals to focus on strategic growth and sustainability that will make a difference. Buoyant Ventures’ investment in HData not only underscores our commitment to bridging the gap between the current state of the energy sector and its sustainable future but also aligns with our mission to support digital solutions addressing climate change challenges.

HData’s Rock Star Team

We are excited to back two rockstar founders, Hudson Hollister, CEO and Yuval Lubowich, CTO. The team has specialized knowledge of government reporting and data including SEC and FERC filling processes and data. Hudson wrote The DATA Act leading to single, searchable data format for all federal spending information. Further, Hudson and CRO Jeffrey Press were both involved with The OPEN Government Data Act, which requires federal agencies to publish their information online as open data, using standardized, machine-readable data formats, and The GREAT Act, which established common data standards for grant reporting and comprehensive taxonomy. From 2015 to 2018, Hudson worked with FERC to transform energy regulatory reporting into standardized data, using the XBRL data format, went into effect in 2021. Additionally, Yuval is a serial entrepreneur and brings over 25 years of technical and product leadership experience to the team, including extensive work with RAG, Vector DB, and generative AI solutions from his time as both a founder and at LivePerson.

Welcome to the Buoyant Boat!

Buoyant Ventures is proud to stand alongside HData, together with participating investors Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, Blue Tree Venture Capital, and Southwire in this significant round of funding. We are excited to welcome Hudson, Yuval, and their team into the Buoyant boat, marking a pivotal step towards harnessing Energy Transition Intelligence to drive the energy transition forward.