Nordic Energy Services LLC

What Nordic Energy Services LLC does

Nordic Energy Services, LLC is an independently owned retail energy supplier headquartered in the Chicago area, founded in 2002 and operating as a licensed Alternative Retail Electric Supplier (ARES) and Alternative Gas Supplier (AGS). The company supplies natural gas and electricity to residential and commercial customers behind 66 utility distribution systems across 13 states spanning the Northeast, Mid-Atlantic, and Midwest, including Delaware, the District of Columbia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Virginia. It serves more than 140,000 residential customer equivalent (RCE) accounts and is led by CEO and President James Deering alongside VP of Commercial Sales Russell Williams.

The core product portfolio consists of natural gas and electricity supply offered through fixed-rate, variable-rate, and indexed-rate plans, delivered as a subscription-based commodity service over existing utility infrastructure. Differentiated offerings include the Nordic Advantage service package (real-time quoting, dedicated account executives, energy market intelligence), the Nordic Energy Rewards loyalty program ($50/month reward points plus a $100 Amazon gift card for new customers), and the NordiGreen carbon offset and renewable energy initiative. The company supports its commercial channel through an Agent Web Portal at pricing.nordicenergy-us.com that enables brokers and marketers to generate real-time price quotes and manage commercial accounts, and it has extended its product set into adjacent categories such as cable/internet/phone services and Cinch Home Warranty.

Nordic's revenue model is primarily a commodity passthrough model with thin gross margins typical of retail energy suppliers, supplemented by fees, commercial account margin, and the multi-source wholesale purchasing strategy that the company cites as a cost advantage. Distribution is dual-track: direct-to-consumer via the website, online enrollment, and phone-based sales (877-808-1022), and indirect via a network of independent brokers and marketers serving commercial accounts. The company is privately held with no disclosed funding rounds, parent company, or institutional investors in the source data.

Name

Nordic Energy Services LLC

Legal name

Nordic Energy Services, LLC

Website

https://nordicenergy-us.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordic Energy Services LLC is an independently owned retail energy supplier serving more than 140,000 residential and commercial customers behind 66 utilities across 13 US states, offering natural gas and electricity supply through fixed, variable, and indexed pricing plans.

Ownership category

akta.pro rank

Product category

Retail Energy Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Gas & Other Services Combined (4932)

akta.pro primary industry

Energy Supplier Partner Networks / White-Label Brokerage Programs (EUAGAEAK)

akta.pro secondary industries

Green Tariff & Renewable Add-On Brokerage (RECs/GoOs Bundled Offers) (EUAGAEAJ), Supplier Tendering / RFP Management & Contract Negotiation Services (EUAGAEAE)

Keywords

• Retail energy supply
• Natural gas supply
• Electricity supply
• Alternative energy supplier
• Commercial energy management

Headquarters

HQ city

Oak Brook

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Natural Gas Supply: Nordic Energy supplies natural gas to residential and commercial customers behind utility distribution systems in deregulated markets. Customers purchase natural gas supply from Nordic Energy while the utility continues to deliver gas through its infrastructure. Revenue is generated through fixed-rate, variable-rate, and indexed-rate pricing plans.
2. Electricity Supply: Nordic Energy supplies electricity as an Alternative Retail Electric Supplier (ARES) to residential and commercial customers. Revenue is generated through competitive supply contracts with fixed-rate and variable-rate options.
3. Commercial Energy Management Services: Nordic Energy provides energy management consulting, risk management solutions, and strategy development for commercial and industrial customers, including assistance in building purchasing strategies for gas and electricity that meet or exceed budget objectives.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Nordic Energy Services LLC is an independently owned alternative retail energy supplier that procures and resells natural gas and electricity to residential, commercial, and industrial customers across 13 states and 66+ utilities. The company also provides energy management services through its Nordic Advantage program for commercial clients, including dedicated sales executives and real-time quote capabilities.

Product overview

Nordic Energy Services LLC operates as a competitive energy supplier offering natural gas and electricity supply to residential and commercial customers across 13 states. The core product portfolio consists of Alternative Gas Supplier (AGS) and Alternative Retail Electric Supplier (ARES) services, with fixed-rate, variable-rate, and indexed-rate pricing plan options. The company differentiates through the Nordic Advantage service package (real-time quotes, dedicated account executives), the Nordic Energy Rewards loyalty program, and the NordiGreen environmental initiative for carbon offsets and renewable energy. Commercial customers can access an Agent Web Portal for pricing and account management.

Differentiator

Problem solved

Functional benefit

Brands

• NordiGreen: Carbon offsetting initiative for natural gas consumers, providing renewable energy credits and carbon offsets

Products and services

• Natural Gas Supply
• Electricity Supply
• Nordic Advantage Energy Management Services

Quantifiable outcome

• 140,000+ residential customer equivalent accounts served nationwide
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Trusted Marketers and BrokerscoreChannel Partner/ Reseller/ DistributorNordic Energy services commercial accounts through a network of trusted independent marketers and brokers. These channel partners access the Nordic Energy Agent Web Portal to submit price requests, generate quotes, and manage customer enrollments. The company supports agents through a contracting Broker Agent and Agent Support team reachable at [email protected].
• Energy Generators and Wholesale MarketscoreTechnology or IntegrationNordic Energy sources electricity and natural gas from multiple wholesale commodity markets, giving the company leverage to negotiate favorable terms and purchase energy at competitive rates. This multi-source strategy differentiates Nordic from competitors who source from a single market.
• NordicEnergyRewards.comminorGTM or Marketing PartnerNordic Energy partners with a rewards platform at NordicEnergyRewards.com to provide customer loyalty benefits including monthly reward dollars, gift card giveaways, and discounts on dining, shopping, travel, and entertainment.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Just Energy: Public retail energy provider offering fixed, variable, and indexed electricity and natural gas plans to residential and commercial customers in many of the same US deregulated markets Nordic serves.
• AEP Energy: Retail electricity and natural gas supplier affiliated with American Electric Power, selling fixed and variable supply plans to residential and commercial customers in deregulated states including Ohio, Pennsylvania, and Indiana.
• Green Mountain Energy: Retail electricity supplier focused on renewable energy plans, operating in several of the same deregulated states (e.g., NY, NJ, MA, PA, OH) and competing head-to-head with Nordic for residential and commercial customers.
• IGS Energy: Retail natural gas and electricity supplier serving residential and commercial customers in deregulated US states including Ohio, Pennsylvania, Maryland, Michigan, and others, with bundled home services similar to Nordic's offering.
• Vista Energy Marketing: Mid-sized retail electricity and natural gas supplier focused on commercial and industrial customers in deregulated US markets, using broker/agent channels comparable to Nordic's commercial GTM.
• Direct Energy: One of the largest US retail electricity and natural gas suppliers operating across many of the same deregulated states as Nordic, selling fixed/variable/indexed supply to residential and commercial customers through direct and broker channels.
• Clearview Energy: Independent US retail electricity and natural gas supplier offering fixed, variable, and green plans to residential and commercial customers in many of the same deregulated states Nordic operates in.

Broad incumbents

• ENGIE Resources: Wholly owned subsidiary of ENGIE supplying electricity and natural gas to commercial and industrial customers across multiple US deregulated states; competes with Nordic's commercial book and agent channel.
• Constellation Energy: Large US energy company with a Constellation Home & Business retail arm supplying electricity and gas to residential and commercial customers across multiple deregulated states, overlapping directly with Nordic's ARES/AGS offering.
• Shell Energy North America: Shell's retail electricity and natural gas business (built around MP2 Energy/Spark Energy) serves commercial and industrial customers in several of Nordic's footprint states with multi-year fixed and indexed supply products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-energy-services-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Nordic Energy Services LLC