Hdata

HData operates a software platform for energy regulation that centralizes regulatory and legislative data, applies AI to it, and automates related workflows. The platform aggregates a library the company describes as containing more than 20 million filings, supports customer-uploaded or integrated data, and uses multiple large language models with data processing that can handle analysis across up to 400 files at once, returning answers grounded in cited source documents. Workflow features include alerts and data request management, and the platform is applied to use cases such as rate case preparation and benchmarking, policy research, and legislative tracking.

The company describes itself as an AI-native operating system for energy regulation serving utilities, regulators, advocates, advisory firms, corporates and energy technology companies. Its origins lie in the Federal Energy Regulatory Commission's replacement of unstructured document-based forms with structured XML/XBRL data; HData built compliance and analysis tools on that standardized data and later digitized key Energy Information Administration filings. In 2023 it introduced Regulatory AI, a generative AI capability purpose-built for energy regulation that cites regulatory sources. In October 2025 the HData Compliance product — used by nearly 80 regulated energy utilities and pipelines for annual and quarterly FERC financial reports — was acquired by Systrends, with HData continuing to operate its Analytics and Intelligence solutions and focusing growth on regulatory intelligence.

Founding story

HData was founded in 2018 by Hudson Hollister, who previously founded the Data Coalition and the Data Foundation and drafted the DATA Act of 2014 and the GREAT Act of 2019. Beginning in 2015, Hollister's advocacy team worked with the Federal Energy Regulatory Commission to convert energy regulatory reporting into standardized data using the XBRL format. HData entered the energy regulatory data market in 2020, aiming to combine compliance and business intelligence on a single platform for energy accountants, business leaders and regulatory professionals. Co-founder Yuval Lubowich, now Chief Product & Technology Officer, assembled a development team experienced in building applications on standardized data.

Business model

HData sells subscription access to its regulatory data and AI platform to enterprises and organizations in the regulated energy sector, including enterprise licenses (for example, Alabama Power's enterprise license for the HData Data Hub) and separately contracted solutions such as its Business Intelligence offering. Prior to the Systrends transaction, it also sold a compliance filing product for FERC financial reports.

Recurring contracts with defined terms and renewal periods for platform access, including enterprise licensing and separately contracted product modules.

Traction

Reported 30 enterprise customers within the first six months of platform availability (2021); more than 30 regulated energy companies and supporting organizations at the time of the March 2024 Series A; 200 customers per the company's about page, including NextEra Energy, PG&E and Southern Company, state regulatory commissions, energy tech companies and policy advocates. The HData Compliance product served nearly 80 regulated energy utilities and pipelines at the time of its 2025 divestiture. The platform library covers more than 20 million filings.

Latest developments

HData expanded its platform with a legislative data library bringing bills from the U.S. Congress and all 50 states into the product and connecting legislation to dockets. It announced a partnership with Recurve (dated July 16, 2026) focused on helping utilities and regulators address load growth and affordability, and named Rajesh Arora, VP and Chief Data & Analytics Officer at Principal Financial Group, to its Board of Advisors. Registration is open for its Let's Go! 2026 customer conference.