Applied Energy Group
Applied Energy Group is a utility-focused energy advisory and technology firm serving electric and gas utilities with demand-side management, program design, and proprietary analytics platforms. Founded in 1982, it is now a subsidiary of ICF following a January 2025 divestiture from Ameresco.
- Company typePrivate
- Founded1982
- HeadquartersHauppauge, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Applied Energy Group does
Applied Energy Group (AEG) is a multi-disciplinary technical, economic, and management consulting firm serving utility companies across the United States. Founded in 1982 and headquartered in Hauppauge, New York, AEG specializes in demand-side energy management, utility program design and implementation, and customer engagement solutions for electric and gas utilities. Its offerings span energy efficiency, electrification, load management, and distributed energy resource programs, addressing regulatory compliance, customer engagement, and grid modernization needs for its utility clients.
The firm combines advisory services with proprietary technology platforms, including Sightline (a data-powered platform for the full lifecycle of utility customer programs), Energy Utility Planning Tools (for utility reliability and resource adequacy planning), and Energyinsite (a renewable energy siting platform for project developers). These tools productize domain expertise beyond pure consulting labor and enable data-driven program design and analytics across utility engagements.
AEG operates as a B2B professional services firm using a consultative, sales-led go-to-market model, engaging utilities directly through enterprise sales. Revenue is generated through professional services contracts for utility program management and advisory work. The firm was historically a subsidiary of Ameresco, Inc., and was divested to ICF International, a publicly traded global consulting and technology services provider, in January 2025, becoming a wholly-owned subsidiary within ICF's broader utilities consulting practice.
Applied Energy Group firmographics
Firmographics- Name
- Applied Energy Group
- Legal name
- Applied Energy Group
- Website
- https://appliedenergygroup.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Applied Energy Group is a utility-focused energy advisory and technology firm serving electric and gas utilities with demand-side management, program design, and proprietary analytics platforms. Founded in 1982, it is now a subsidiary of ICF following a January 2025 divestiture from Ameresco.
- Ownership category
- akta.pro rank
Applied Energy Group industry classification
Industry- Product category
- Utility Consulting Services
- NAICS
- Engineering Services (54133)
- SIC
- Electric & Other Services Combined (4931)
- akta.pro primary industry
- Energy Systems & Power Engineering Consulting (BPAHAIAG)
- akta.pro secondary industries
- Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
Keywords
Where Applied Energy Group is headquartered
LocationHeadquarters
- HQ city
- Hauppauge
- HQ country
- United States
- HQ region
- North America
Markets served
Applied Energy Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Energy Technology and Advisory Services: Applied Energy Group provided energy technology and advisory services to utility companies, generating revenue through professional services engagements for utility management and demand-side energy programs
Go-to-market motion1 record
Distribution channels1 record
Applied Energy Group product offering
Product offeringCore offering
Applied Energy Group is a utility program management and energy technology advisory services firm that designs and implements demand-side energy programs for utility companies. Its offerings span energy efficiency, electrification, distributed energy resource/load management, customer engagement, and renewable energy siting, supported by proprietary data and planning platforms including Sightline, Energy Utility Planning Tools, and Energyinsite.
Product overview
Applied Energy Group (AEG) was a utility program management and energy technology advisory services company. Following its acquisition by ICF in January 2025, AEG's capabilities became integrated into ICF's broader utilities practice. AEG specialized in demand-side energy management, utility program design and implementation, and customer engagement solutions for utility companies. The company managed programs for utilities including energy efficiency, electrification, and load management strategies.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility Program Management and Advisory Services
Companies that use Applied Energy Group
Customer profileSegments1 record
Ideal customer profiles2 records
Applied Energy Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Applied Energy Group partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights3 records
Applied Energy Group competitors and assessment
Company assessmentBroad incumbents
- DNV (Energy Systems): DNV provides independent energy advisory, testing, and certification services to utilities, developers, and regulators. While broader in scope (including renewables and grid standards), DNV competes with AEG in utility advisory work such as resource planning, energy efficiency program evaluation, and grid reliability studies.
- Booz Allen Hamilton: Booz Allen Hamilton provides energy and utilities consulting, including program evaluation, demand-side management, and federal energy work. As a larger generalist, it competes for high-end utility advisory engagements and federal program support where AEG also operates.
- Leidos: Leidos provides engineering, consulting, and digital services to utilities and federal energy clients, including grid analytics, energy program management, and environmental services. Leidos is a larger generalist with overlapping utility advisory and program implementation capabilities that compete for similar RFPs as AEG.
- ICF International: ICF is the parent company of AEG following the January 2025 acquisition. ICF runs a global utilities and energy consulting practice covering program design, energy efficiency, electrification, and load management — directly overlapping with AEG's offerings. It is the most strategically comparable player given the explicit integration of AEG into ICF's utilities work.
- Accenture (Utilities practice): Accenture's utilities practice offers digital transformation, customer engagement, and program implementation services to large utilities. While broader and technology-led, Accenture competes with AEG for digital customer engagement and utility transformation mandates that combine advisory with technology delivery.
- Black & Veatch: Black & Veatch is a global infrastructure and energy consulting and EPC firm that advises utilities on grid modernization, resource planning, and program implementation. Although engineering-heavy, its advisory group overlaps with AEG in utility planning, demand-side management strategy, and energy efficiency program design.
Direct peers
- Guidehouse (formerly Navigant Consulting): Guidehouse is one of the largest energy and utilities consultancies in North America, providing advisory services across demand-side management, grid modernization, rate design, and regulatory strategy. AEG competes directly for utility program management and energy advisory engagements, particularly with investor-owned utilities.
- Resource Innovations (formerly Nexant): Resource Innovations is a clean energy consulting firm that grew out of Nexant's energy practice and specializes in energy efficiency, electrification, and utility program implementation. The firm directly competes with AEG for utility demand-side management contracts and shares the same narrow vertical focus.
- Cadmus Group: Cadmus is a consultancy with a deep energy and environment practice serving utilities, state agencies, and federal clients on energy efficiency programs, evaluation, and policy. Cadmus frequently competes with AEG for energy efficiency program administration and demand-side management advisory work.
- E Source: E Source is a research, advisory, and data analytics firm dedicated exclusively to the utility sector, covering energy efficiency program design, customer engagement, and demand-side management. E Source and AEG both serve utility program managers with advisory and technology-enabled services, often collaborating or competing on similar contracts.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Applied Energy Group social profiles
Digital presenceApplied Energy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Applied Energy Group leadership team
Management profileNumber of profiles
Profiles1 record
Applied Energy Group funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Applied Energy Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Applied Energy Group
What does Applied Energy Group do?
Applied Energy Group is a utility program management and energy technology advisory services firm that designs and implements demand-side energy programs for utility companies. Its offerings span energy efficiency, electrification, distributed energy resource/load management, customer engagement, and renewable energy siting, supported by proprietary data and planning platforms including Sightline, Energy Utility Planning Tools, and Energyinsite.
Is Applied Energy Group a public or private company?
Applied Energy Group is a private company. It is classified as corporate owned and is currently operating.
When was Applied Energy Group founded?
Applied Energy Group was founded in 1982. It employs 51 to 100 people.
Where is Applied Energy Group based?
Applied Energy Group is headquartered in Hauppauge, United States, in the North America region.
How does Applied Energy Group make money?
One revenue line is on record: energy Technology and Advisory Services.
Who are Applied Energy Group's main competitors?
Broad incumbents on record are DNV (Energy Systems), Booz Allen Hamilton, Leidos, ICF International, Accenture (Utilities practice) and Black & Veatch. Direct peers are Guidehouse (formerly Navigant Consulting), Resource Innovations (formerly Nexant), Cadmus Group and E Source.
Does Applied Energy Group have an API?
No public API is recorded for Applied Energy Group.
What industry is Applied Energy Group in?
Applied Energy Group's product category is Utility Consulting Services. Its primary akta.pro industry code is BPAHAIAG, Energy Systems & Power Engineering Consulting, with a secondary code of EUAMAGAJ, Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence). Its NAICS code is 54133 and its SIC code is 4931.