MC Squared Energy Services

What MC Squared Energy Services does

MC Squared Energy Services, LLC (mc²) is a Chicago-based, privately held Alternative Retail Electricity Supplier (ARES) licensed to sell electricity and related energy products to residential, commercial, and municipal customers in Illinois and Ohio. Founded in 2008 by Chuck Sutton, the firm operates in deregulated portions of the MISO and PJM wholesale markets, procuring electricity on the wholesale side and reselling it to end users under fixed-rate, variable-rate, and time-of-use contracts. The company is now a wholly-owned subsidiary of IGS Energy following the January 2025 acquisition.

The product portfolio centers on competitive retail electricity supply, augmented by a set of value-added offerings. Core products include standard residential supply (variable and fixed-rate contracts), the EcoGreen Power Program (Green-e certified 100% Illinois wind RECs at an $8.95/month premium), Smart Value Power (time-of-use pricing), Net Metering for customers with distributed generation, Community Solar subscription programs (marketed with a minimum 10% savings guarantee, offered via the Community Solar Subscription Agent role), and Municipal Aggregation Programs serving 100+ municipalities. Underlying operations rely on state-mandated utility billing and EDI integration rather than proprietary technology platforms of note. REC retirement volume of approximately 2.18 billion kWh across 2020-2021 indicates the scale of green-product adoption.

Revenue is generated primarily through the wholesale-to-retail supply spread on each kWh delivered (a low-margin commodity function), supplemented by subscription premiums for value-added products ($8.95/month × 12 for EcoGreen adopters), community solar subscription agent fees collected on third-party-developed solar projects, and administrative economics on municipal aggregation contracts. Customer acquisition combines bulk opt-in via municipal aggregation, direct residential sign-up, and small-to-mid commercial accounts; named commercial customers include Ronald McDonald House Charities and creative werks. Reported headcount of 11-50 employees is consistent with an asset-light, high-volume commodity supplier that outsources most back-office functions and earns modest per-customer margins.

Name

MC Squared Energy Services

Legal name

MC Squared Energy Services, LLC

Website

https://mc2energyservices.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

MC Squared Energy Services is an Illinois- and Ohio-licensed Alternative Retail Electricity Supplier selling competitive power supply, community solar subscriptions, and green REC products to residential, commercial, and municipal customers, now operating as a subsidiary of IGS Energy.

Ownership category

akta.pro rank

Product category

Retail Electricity Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF)

Keywords

• Retail electricity supply
• Renewable energy certificates
• Community solar subscriptions
• Municipal aggregation services
• Green power programs

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Supply Services: Retail electricity supply to residential and commercial customers in Illinois. Customers pay for electricity supply through their utility bill, with mc² charges appearing in the supply section. Revenue generated from the difference between wholesale electricity purchase costs and retail supply rates.
2. EcoGreen Power Premium: Monthly fee of $8.95 added to ComEd supply rates for 100% Wind RECs with Green-e certification. Transparent premium charge for renewable energy certification.
3. Community Solar Subscription Management: Subscription fees for community solar participants. mc² bills subscribers separately based on Community Solar credits received from utility, with customers saving minimum 10% on credits. Revenue from subscription management fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

MC Squared Energy Services (mc²) is a licensed Alternative Retail Electricity Supplier (ARES) operating in Illinois (and certified in Ohio) that supplies electricity to residential and commercial customers on competitive rates, billed through incumbent utilities such as ComEd and Ameren. Its differentiated offerings are the EcoGreen Power Program (100% wind-backed Green-e certified RECs for a transparent $8.95/month premium), Community Solar subscriptions (guaranteed minimum 10% savings on solar credits without rooftop installation), and the Smart Value Power time-of-use pricing program. The company also runs municipal aggregation programs for 100+ Illinois municipalities and a Net Metering program for customers with their own renewable generation.

Product overview

MC Squared Energy Services (mc²) is a licensed retail electricity supplier operating primarily in Illinois with service territories covering Ameren and ComEd utility areas, and also Ohio. The company's product portfolio centers on competitive electricity supply offerings, anchored by the EcoGreen Power Program (100% wind-backed Green-e certified renewable energy), the Community Solar subscription program (offering at least 10% savings on solar credits), and the Smart Value Power time-of-use pricing program. These are complemented by municipal aggregation services serving over 100 Illinois municipalities and a net metering program for customers with distributed generation. The company does not offer a software platform or API-based product—the offerings are electricity supply services, not technology products.

Differentiator

Problem solved

Functional benefit

Brands

• EcoGreen Power Program: 100% Wind Renewable Energy Certificate (REC) program backed by Green-e certified wind energy for residential and commercial customers.
• Community Solar
• Smart Value Power Program

Products and services

• EcoGreen Power Program A 100% wind-backed electricity supply program with Green-e certified Renewable Energy Certificates (RECs) for Illinois residential and commercial customers. Enrollees pay a transparent $8.95/month premium on top of the ComEd published supply price to support renewable wind generation, with no sign-up, termination, or switching fees and free monthly reporting.
• Community Solar Subscription A solar subscription program that lets Illinois customers receive credits on their electricity bills from large-scale solar installations without installing rooftop panels. Backed by a guaranteed minimum 10% savings on Community Solar credits, with no upfront investment, no termination fees, and no credit checks; MC Squared acts as the subscription agent and bills subscribers separately based on credits received from the utility.
• Smart Value Power (SVP) Program A time-of-use electricity pricing program for Illinois residential customers in which electricity rates differ between Value Hours (7:00 p.m. to 7:00 a.m. Monday-Friday, plus 24 hours on weekends) and Peak Hours (7:00 a.m. to 7:00 p.m. Monday-Friday). Backed by 100% Green-e certified wind RECs at no additional charge, allowing bill savings by shifting usage to lower-priced periods.
• Municipal Aggregation Programs Government electricity aggregation programs serving over 100 municipalities across Illinois, in which MC Squared provides competitively negotiated electricity supply rates to participating communities. Residents of participating municipalities are automatically enrolled unless they opt out, and MC Squared manages program administration and billing reconciliation with the incumbent utility.
• Net Metering Program A program for customers who own or operate eligible renewable generating systems (up to 2,000 kW capacity) located on their premises, supporting solar, wind, biomass, hydroelectric, fuel cells, and microturbines. Customers primarily use it to offset their own electricity requirements via on-bill credits for excess generation supplied to the grid.

Quantifiable outcome

• Minimum 10% savings on Community Solar credits
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• SoltagecoreStrategic or Co-development Partner · 13 November 201920-year agreement launched in November 2019 for community solar projects in Illinois. mc² serves as subscription agent for Soltage-developed community solar installations, managing customer subscriptions and billing. First ABP (Adjustable Block Program) community solar project launched October 2019.
• Ronald McDonald House Charities of Chicagoland & Northwest IndianaflagshipGTM or Marketing Partner · 1 January 2011Corporate sponsorship since 2011. mc² donates $5 to RMHC for every home that switches to their service. Also provides discounted electricity supply to RMHC facilities, generating over $200,000 in savings since 2012. CEO Chuck Sutton raised $14,000+ skiing 50,000+ vertical feet for the charity.
• Center for Renewable SolutionscoreTechnology or IntegrationCertification provider for green power programs. Certifies mc² as an approved green power supplier meeting environmental and consumer protection standards.
• MISO (Midcontinent Independent System Operator)coreTechnology or IntegrationGrid operator membership enabling mc² to participate in wholesale electricity markets and provide supply services in Illinois.
• PJM InterconnectioncoreTechnology or IntegrationGrid operator membership enabling mc² to participate in wholesale electricity markets and provide supply services in applicable territories.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IGS Energy: IGS Energy is now mc²'s parent company following the January 2025 acquisition and operates as a competitive retail electricity and natural gas supplier in the Midwest. Directly comparable as a multi-state retail energy provider with residential and commercial customers.
• Green Mountain Energy: Green Mountain Energy is a retail electricity supplier specializing in 100% renewable plans backed by RECs, with operations across multiple U.S. states. Closely comparable to mc²'s EcoGreen Power program and renewable-focused customer value proposition.
• CleanChoice Energy: CleanChoice Energy is a retail electricity supplier offering 100% renewable plans to residential and commercial customers in multiple U.S. states. Closely comparable to mc²'s renewable-supply focus and Green-e-equivalent certification positioning.
• Public Power LLC: Public Power is a retail electricity supplier serving residential and small commercial customers in deregulated U.S. markets, with municipal aggregation experience. Directly comparable to mc² in customer segments, GTM motion, and ARES product portfolio.

Broad incumbents

• Constellation Energy: Constellation Energy is one of the largest U.S. competitive electricity suppliers and is the former employer of mc² founder Chuck Sutton. Overlaps directly with mc² in retail electricity supply to commercial and residential customers, particularly in PJM territory.
• Direct Energy (NRG Energy): Direct Energy, owned by NRG Energy, is a major U.S. retail electricity provider offering fixed and variable rate plans and renewable options. Directly comparable as a multi-state retail electricity supplier with residential, commercial, and industrial customers.

Emerging players

• Arcadia Power: Arcadia (formerly Arcadia Power) is a clean energy retailer that matches customer electricity use with wind and solar generation through RECs. Comparable to mc² in offering community solar access and renewable-backed residential supply.
• Inspire Energy: Inspire Energy is a clean energy retail electricity supplier offering renewable plans and home energy products to residential customers in deregulated markets. Comparable to mc²'s residential renewable supply model and digital enrollment GTM.
• Think Energy: Think Energy is a retail electricity provider focused on renewable energy plans and customer education across multiple U.S. states. Comparable to mc² in green power product positioning and residential customer acquisition approach.

Others

• Soltage: Soltage is a community solar developer with whom mc² has a 20-year subscription agent agreement (Nov 2019) covering Illinois projects including the 2.7 MW Pontiac installation. Operates as a strategic upstream partner rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC4tCut0aTAhYGSEZlOM2Rdg
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• LinkedInlinkedin.com/company/2167494

Compliance2 records

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 MC Squared Energy Services