Molecule acquires Trilogy Energy Solutions

● STRATEGIC | ENERGY/UTILITIES · Power Trading & ETRM

JULY 28, 2026

Molecule (Sundance) acquires Trilogy Energy Solutions

TARGET

Trilogy Energy Solutions provides cloud-native ETRM and ERP software for physical natural gas operations serving producers, midstream companies, pipeline operators, and traders.

Ownership	PE-backed · Crude Street Capital
Headcount	11-50 FTEs
Headquarters	Dallas, Texas
Leadership	Jeremy Frye, President and Chief Product Officer
Sell-side advisor	—

ACQUIRER

Molecule

Cloud-native ETRM/CTRM platform delivering trade capture, risk management, settlements, and reporting across power, gas, renewables, and other commodities for energy traders and financial institutions.

Ownership	PE-backed · Sundance Growth; Sundance Growth, Mercury Fund, Surge Ventures
Capital raised	$26.2M
Headcount	45 FTEs
Headquarters	Houston, Texas
Leadership	Sameer Soleja, Founder and CEO
Buy-side advisor	—

Share deal Copy details View press release ↗

Molecule -> Trilogy Energy Solutions  (2026-09-18)
add_on | Energy/Utilities
Target: Trilogy Energy Solutions provides cloud-native ETRM and ERP software for physical natural gas operations serving producers, midstream companies, pipeline operators, and traders.
Website: trilogyes.com | Buyer site: molecule.io
HQ: Dallas, Texas | Ownership: pe-backed | Buyer sponsor: Sundance Growth | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/molecule-trilogy-energy-solutions.html

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