ACES

What ACES does

ACES is a U.S. nationwide energy management company founded in 1999 and headquartered in Carmel, Indiana, operating as a cooperative-owned service provider. It is owned by 24 generation and transmission cooperatives plus one independent distribution cooperative, whose Members hold equity stakes and Board seats. The company manages a collective portfolio of more than 55,000 MW of load and resources on behalf of its Members, more than 70 Customers, and counterparties across all U.S. ISOs/RTOs and non-ISO/RTO markets in the Southeast and West, executing several billion dollars in energy transactions annually without taking ownership of any commodity.

ACES operates an integrated energy risk management and transaction execution platform comprising 50+ service lines including Hourly/Term Trading, Fuels (natural gas, coal, fuel oil), Portfolio Strategy, Environmental (RPS compliance, RECs, emissions), Transmission (congestion management, FTRs), Origination, Portfolio Modeling, Scheduling, Regulatory, Contract Administration (3,500+ agreements), Training (NERC CE Hours via LMS), Credit, Trading Control, Settlements, and Portfolio Performance Reporting. The technology stack combines proprietary portfolio modeling software, industry-standard power flow tools (PSS/E, TARA), proprietary market and scheduling systems, and customized P&L reporting with near real-time analytics, deployed across four offices (Carmel IN, Raleigh NC, Maple Grove MN, Benson AZ).

ACES generates revenue on a professional-services basis, charging Members and Customers under customizable package or à la carte arrangements on multi-year contracts; ACES does not take proprietary positions in any commodity, ensuring alignment of interest with clients. GTM is enterprise field sales, with RFP events hosted on behalf of clients and deep account management supported by proprietary industry events (ACES Energy Conference, Risk Managers Forum), podcasts, and an LMS-enabled training ecosystem.

Name

ACES

Legal name

ACES

Website

https://acespower.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

ACES is a cooperative-owned, nationwide U.S. energy management company that acts as agent for 24 Member cooperatives and 70+ Customers, executing billions of dollars in trading, risk management, and portfolio optimization transactions across 55,000+ MW of load and resources in all ISOs/RTOs.

Ownership category

akta.pro rank

Product category

Energy Management Services

NAICS

Other Scientific and Technical Consulting Services (54169), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)

akta.pro secondary industry

Air Quality & Emissions Management (BPAHAJAI)

Keywords

• Energy management services
• Energy trading
• Risk management
• Portfolio optimization
• Power scheduling

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Energy Management Services: ACES acts as agent on behalf of Clients to buy, sell, and manage energy. They do not own generation or take ownership of any commodity (power, natural gas, transmission, renewable energy credits, fuel oil, or emissions). This ensures no conflicting commercial position and that all transactions are in the best interest of clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

ACES is a nationwide energy management company that acts as an agent on behalf of its clients to buy, sell, and manage energy across all major U.S. electricity markets. It does not own generation or take ownership of any commodity. The company provides a broad suite of more than 50 services spanning energy trading, fuels management, portfolio strategy, transmission, scheduling, environmental compliance, regulatory support, credit and trading control, settlements, contract administration, and training.

Product overview

ACES is a nationwide energy management company that operates as a platform of consultative and analytical service offerings. The company acts as an agent on behalf of its clients, who are primarily electric cooperatives, without taking ownership of any commodity. ACES provides a broad suite of integrated services including Hourly/Term Trading for market optimization, Fuels management for natural gas and coal, Portfolio Strategy for long-term risk management, Environmental compliance, Transmission services for congestion management, Origination for commercial relationships, Portfolio Modeling using sophisticated forecasting software, Scheduling, Regulatory compliance, Contract Administration, Training, Credit risk management, Trading Control, Settlements, and Portfolio Performance Reporting. These services work together as a comprehensive energy risk management and transaction execution platform enabling clients to buy, sell, and manage energy more efficiently with less risk.

Differentiator

Problem solved

Functional benefit

Brands

• ACES Power Hour: A podcast featuring conversations with industry experts on solutions to risks and challenges in the energy industry.
• In Simple Terms: Your Guide to Energy

Products and services

• Hourly/Term Trading Trade execution services across North America that optimize client portfolios while maintaining defined risk tolerances through custom strategies and analytical tools. Targeted at electric cooperatives, utilities, IPPs, and other energy market participants.
• Fuels Management Natural gas, coal, and fuel oil management services including supply planning, transportation agreements, risk management, and hedging strategies.
• Portfolio Strategy Long-term portfolio and risk management strategies for clients, including asset management, asset valuation, integrated resource planning, and regulatory impact analysis.
• Environmental Renewable Portfolio Standards compliance services, renewable energy credits transactions, and emission management integrated with portfolio management.
• Transmission Congestion management, financial transmission rights execution, basis forecasting, and generation interconnection studies using power flow tools (PSS/E, TARA).
• Origination Commercial relationship development with energy market participants to find and transact risk-mitigating products for clients.
• Portfolio Modeling Sophisticated software forecasting of commitment/dispatch and market interactions to calculate cost-to-serve load and portfolio risks.
• Scheduling Coordination and confirmation of transactions in physical and nodal marketplaces using proprietary market tools and scheduling software.
• Regulatory Monitoring and analysis of ISO/RTO market regulations, NERC reliability standards, with representation and support through committee participation.
• Contract Administration Management of over 3,500 agreements including negotiating provisions, coordinating credit provisions, and ensuring contractual controls.
• Training Courses on risk management, NERC standards, and market topics accessible through Learning Management System, including NERC Continuing Education Hours.
• Credit Counterparty credit risk identification, measurement, monitoring, and control services including periodic updates and credit term negotiation.
• Trading Control Transaction capture validation, compliance review, portfolio monitoring, and policy development for risk management including hedge policies.
• Settlements Analysis and verification of power and gas transaction details prior to financial settlement across organized and traditional markets.
• Portfolio Performance Reporting Profit and loss reporting using business analytics to identify trends and improve portfolio performance with near real-time feedback.

Quantifiable outcome

• 55,000 MW+ of load and resources managed
• +3 more outcomes

Named customers30 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• National Renewables Cooperative Organization (NRCO)coreStrategic or Co-development PartnerACES partners with NRCO to assist Members and Customers with their clean energy goals. This partnership enables ACES to provide comprehensive renewable energy services and support clients' sustainability objectives.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Boston Energy Trading and Marketing (BETM): Provides asset management, scheduling, and power/gas marketing services to utilities and generators. Comparable agent-style energy management offering.
• The Energy Authority (TEA): Public-power-owned nonprofit providing energy trading, scheduling, and risk management for utilities. Directly comparable as a member/utility-aligned agent delivering wholesale energy market services.
• Customized Energy Solutions: Provides energy market services, scheduling, settlements, and asset management across ISOs/RTOs. Directly overlaps with ACES' transaction execution and back-office service lines for market participants.
• Tenaska Power Services: Offers power marketing, asset management, and portfolio scheduling for generators and load-serving entities. Competes with ACES on managing energy portfolios across US power markets.

Emerging players

• Ascend Analytics: Delivers energy portfolio risk analytics and market forecasting software for utilities and developers. Overlaps with ACES' portfolio modeling and risk analytics capabilities.

Others

• Power Costs, Inc. (PCI): Provides energy trading, risk management, and market operations software to power producers and utilities. An enabling/competing technology provider to ACES' service stack.
• Open Access Technology International (OATI): Supplies scheduling, settlement, and market-participation software for utilities and cooperatives. Overlaps with the technology layer underpinning ACES' scheduling and settlements services.
• Concentric Energy Advisors: Energy management consulting and advisory firm serving utilities on strategy, regulation, and asset valuation. Adjacent to ACES' consulting, resource planning, and regulatory advisory services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ACES-excellence_in_energy
• Facebookfacebook.com/aces-364765607018716
• LinkedInlinkedin.com/company/aces-excellence-in-energy
• Xx.com/acesenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ACES