HarmonexEnergy Clearing & Settlement

The settlement layer
for distributed
energy markets.

Harmonex certifies what distributed energy assets delivered, maps value to the physical delivery node, and settles every participant — accurately, automatically, and without hardware meters.

Get in touch
Platform Type
Financial market infrastructure
Settlement Method
Meterless, nodal, atomic
Clearing Interval
5-minute dispatch cycle
IP Status
Patent-pending · 29 filings
Operating Status
Live on Ontario grid data · Shadow mode active
Markets
Canada · United States · Europe
Architecture
Jurisdiction-agnostic · Sovereign data residency enforced per market
01

What We Do

Harmonex operates exclusively post-dispatch. We do not optimize, forecast, or instruct assets. We settle what happened.

Harmonex is not a software platform. It is financial market infrastructure — built on the same structural principles as DTCC and CLS, applied to distributed energy. It is the clearing and settlement layer that distributed energy markets have never had.

Today, battery storage operators, EV fleets, and industrial loads dispatch energy into the grid and receive flat-rate compensation that ignores where they delivered, when they delivered, and exactly how much they delivered. Harmonex closes that gap.

Our platform reconstructs a verified performance record for every 5-minute dispatch interval — without a hardware meter — maps that performance to the physical delivery node, and settles energy value, transformer capex deferral, and carbon credits simultaneously in a single atomic clearing cycle. Every settlement event produces an audit-grade record, HSM-signed and verifiable without system access — dispute-proof by design.

Participants can onboard in shadow mode first: Harmonex runs alongside existing settlement systems at no cost, certifying what assets actually earned versus what they were paid. The gap speaks for itself.

Harmonex is jurisdiction-agnostic by architecture. Every market parameter — nodal pricing methodology, regulatory authority, data residency boundary, and cryptographic key management — is configured per jurisdiction through a single Jurisdiction Switcher. Raw settlement data never crosses a sovereign boundary. The platform is designed for three explicit markets, in sequence:

Canada — Ontario is the launch market, operating on live IESO data today. The architecture applies to all provincial jurisdictions and aligns with OEB non-wires solutions frameworks.

United States — Configurable for any ISO or RTO. Settlement records are structured for FERC Order 2222 compliance, supporting DER aggregator recognition across PJM, MISO, ERCOT, and beyond.

Europe — Compatible with DENA and ENTSO-E distributed energy frameworks, and positioned for EU carbon compliance markets including CBAM industrial export requirements.

"Harmonex validates, allocates, and settles value between participants. It does not operate a financial exchange or take counterparty risk."
02

The Platform

Core Engine · Measurement & Verification
HEC Verify
Meterless measurement and verification. A recursive regression methodology achieving ANSI C12.20 Class 0.5 revenue-grade accuracy — without utility-grade hardware. The foundation of every settlement event.
Core Engine · Atomic Settlement
HEC Clear
Atomic settlement engine. Settles energy value, transformer capex deferral, and carbon credits simultaneously in a single 5-minute cycle — across ISO, LDC, and asset owner — without double-counting.
Core Engine · Nodal Pricing
HEC Node
Nodal pricing and mapping. Every settlement event is mapped to its physical delivery node with real-time Locational Marginal Pricing. Configurable for any ISO, RTO, or regulated market — North American, European, or any jurisdiction with nodal or zonal pricing architecture.
Carbon & Environmental Integrity
HEC Carbon
Per-asset, per-interval carbon attribution. Links every settlement event to real-time grid carbon intensity — producing audit-grade carbon certificates tied to specific dispatch events, not statistical estimates. Independent of ISO recognition and active from day one.
Settlement Record · Dispute-Grade Output
HEC Audit
Dispute-grade settlement record for any 5-minute interval. Contains telemetry inputs, verification output, carbon attribution, dollar delta versus legacy billing, and a cryptographic signature chain. Self-contained and verifiable without system access — the primary instrument for shadow mode onboarding.
Data Sovereignty · Jurisdictional Compliance
HEC Sovereign
Enforces data and key residency within jurisdictional boundaries. Private keys and raw settlement records remain locked to the jurisdiction — external interfaces receive only derivative summary objects. Configurable for Canada, the United States, EU, or any regulated market.
03

Who We Work With

Battery Storage Operators
Stop leaving money on the table. Flat-rate compensation ignores when and where you delivered. Harmonex certifies exactly what your asset earned — at the node, at the interval — and produces an audit-grade record for every event.
Local Distribution Companies
Generate OEB-ready non-wires solutions evidence automatically. Harmonex certifies transformer capex deferral value aligned with OEB NWS guidelines — turning DER performance into a defensible regulatory instrument. Equivalent evidence structures are available for FERC and European regulatory filings.
Grid & Regulatory Authorities
The system of record for distributed grid value. In Canada, Harmonex produces OEB-aligned capex deferral evidence and IESO DER aggregator recognition packages. In the United States, settlement records are structured for FERC Order 2222 compliant disaggregation. In Europe, output aligns with DENA and ENTSO-E reporting frameworks — without relying on operator-reported data in any market.
Community Energy Corporations
Plain-language settlement reporting built for community boards — not engineers. Municipal, rural, cooperative, and Indigenous-led energy corporations see exactly what their asset earned, what carbon credits it generated, and what their Trust Reserve holds.
04

Get in Touch

Harmonex is currently engaging grid authorities, local distribution companies, battery storage operators, and community energy groups for sandbox integration and pilot settlement programs in Ontario.

If you are evaluating distributed energy settlement infrastructure, working on a non-wires solutions filing, or developing a community BESS project, we would welcome a conversation.