Illinois Power

What Illinois Power does

Illinois Power Agency (IPA) is a state government agency of Illinois, established in 2007, responsible for statewide energy procurement planning. It administers the Long-Term Renewable Resources Procurement Plan, a two-year program approved by the Illinois Commerce Commission that guides utility-scale wind, solar, hydropower, and community solar procurement and the issuance of Renewable Energy Credits to Illinois' three major investor-owned utilities: Ameren Illinois, Commonwealth Edison Company, and MidAmerican Energy Company. The agency's mandate has materially expanded under the Clean and Reliable Grid Affordability Act, signed in January 2026, which directs the acquisition of three gigawatts of utility-scale battery storage within five years to address projected power shortfalls as early as 2029 in Northern Illinois and 2031 downstate.

Underlying technology and infrastructure center on long-horizon procurement planning and, newly, capital-intensive battery storage systems capable of powering millions of homes during peak demand. As of 2025, Illinois has installed more than 14GW of renewable capacity and renewables comprise 20% of state electricity production, surpassing coal and natural gas. The agency coordinates capacity planning for a state where data center / AI infrastructure demand could more than double system peak by 2040, per testimony from Ameren and Commonwealth Edison at an April 2026 House Executive Committee hearing.

The business model is that of a public-sector intermediary, not a commercial operator. IPA does not generate revenue; it is funded through state appropriations and pass-through charges on customer utility bills, with the legislative program backed by $24-37 billion of investment over 24 years. Customer-facing ratepayers are expected to see bill charges for clean energy investments while saving billions of dollars over the 20-year horizon. There is no traditional pricing model, no go-to-market sales motion, and no commercial ownership structure. The agency's served customers are the Illinois utilities it procures on behalf of and, ultimately, Illinois ratepayers. Note: the input firm's firmographic layer separately references a "for-profit energy delivery" Illinois Power entity founded 1881 with 5,001-10,000 employees; the agency's domain (illinoispower.com) currently displays a parked GoDaddy page, so this analysis is grounded in the documented IPA activities.

Name

Illinois Power

Legal name

Illinois Power Agency

Website

https://illinoispower.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Illinois Power Agency is a state agency that procures renewable energy and battery storage on behalf of Illinois, issuing Renewable Energy Credits to Ameren Illinois, Commonwealth Edison, and MidAmerican Energy under multi-year plans approved by the Illinois Commerce Commission.

Ownership category

akta.pro rank

Product category

Public Energy Procurement Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Administration of Conservation Programs (924120)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

akta.pro secondary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Renewable energy procurement
• Utility-scale battery storage
• State energy planning
• Renewable Energy Credits
• Grid reliability programs

Headquarters

HQ city

Peoria

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Core offering

Illinois Power Agency is the Illinois state government agency responsible for statewide energy procurement and planning. Its core offering is the Long-Term Renewable Resources Procurement Plan, which guides renewable energy procurement across Illinois for two-year cycles, covering utility-scale wind, solar, hydropower, and community solar projects, and allocating Renewable Energy Credits to the state's major investor-owned utilities. Under the Clean and Reliable Grid Affordability Act, the agency is also tasked with acquiring three gigawatts of utility-scale battery storage within five years to ensure grid reliability.

Product overview

Illinois Power Agency (IPA) operates as a state government energy procurement agency rather than a technology product company. The agency administers a unified renewable energy procurement program encompassing utility-scale wind, solar, hydropower, and community solar projects. The primary offering is the Long-Term Renewable Resources Procurement Plan, which guides renewable energy procurement for utilities across Illinois for two-year program periods.

Differentiator

Problem solved

Functional benefit

Products and services

• Long-Term Renewable Resources Procurement Plan A two-year procurement plan approved by the Illinois Commerce Commission that directs the procurement of utility-scale wind, solar, hydropower, and community solar projects across Illinois and allocates Renewable Energy Credits to Ameren Illinois, Commonwealth Edison Company, and MidAmerican Energy Company. It is the agency's primary renewable procurement instrument, intended for investor-owned utilities required to satisfy state renewable mandates.
• Utility-Scale Battery Storage Acquisition Program A state-mandated battery storage acquisition program under the Clean and Reliable Grid Affordability Act directing the Illinois Power Agency to acquire 3 GW of utility-scale battery storage within five years, capable of powering millions of homes during peak demand and addressing projected power shortfalls in Northern Illinois (2029) and downstate (2031).

Quantifiable outcome

• Renewable energy will comprise 20% of state electricity production, surpassing coal and natural gas
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• New York State Energy Research and Development Authority (NYSERDA): New York state agency that administers renewable energy procurement programs, RECs, and clean energy incentives — directly comparable to IPA's role as Illinois' state-level renewable procurement authority.
• California Public Utilities Commission (CPUC): California state regulator that approves long-term procurement plans and oversees utility renewable procurement, mirroring IPA's ICC-approved Long-Term Renewable Resources Procurement Plan model.

Others

• PJM Interconnection: Regional transmission organization serving ComEd's Northern Illinois territory; relevant infrastructure counterpart to IPA's procurement planning given the data center demand growth PJM is forecasting.
• Midcontinent Independent System Operator (MISO): Regional transmission organization that operates the grid covering Illinois and administers capacity markets directly relevant to IPA's procurement planning and reliability mandate.

Broad incumbents

• New York Power Authority (NYPA): State-owned public power entity that procures and supplies electricity in New York, broadly comparable to IPA's state-mandated role in Illinois energy procurement and grid planning.
• Tennessee Valley Authority (TVA): Federal/state-chartered public power entity owning and operating generation, transmission, and procurement assets — comparable as a government-backed energy authority managing utility-scale infrastructure similar to IPA's scope.
• Bonneville Power Administration: Federal power marketing administration that procures and transmits electricity across the Pacific Northwest, broadly comparable to IPA's role as a government-backed energy procurement and planning authority.

Regional players

• Sacramento Municipal Utility District (SMUD): Publicly-owned California utility that combines generation procurement, retail service, and renewable program administration — comparable model to a state-mandated procurement agency like IPA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/amerencorp
• LinkedInlinkedin.com/company/illinova-corporation

Revenue estimate

Valuation estimate

Number of profiles

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 Illinois Power