Illinois Power
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.
- Company typePrivate
- Founded2007
- HeadquartersPeoria, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
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.
Illinois Power firmographics
Firmographics- 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
Illinois Power industry classification
Industry- 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
Where Illinois Power is headquartered
LocationHeadquarters
- HQ city
- Peoria
- HQ country
- United States
- HQ region
- North America
Markets served
Illinois Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Illinois Power product offering
Product offeringCore 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
Companies that use Illinois Power
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Illinois Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Illinois Power partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights6 records
Illinois Power competitors and assessment
Company assessmentDirect 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
Illinois Power social profiles
Digital presenceIllinois Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Illinois Power leadership team
Management profileNumber of profiles
Illinois Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Illinois Power 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 Illinois Power
What does Illinois Power do?
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.
Is Illinois Power a public or private company?
Illinois Power is a private company. It is classified as state government owned and is currently operating.
When was Illinois Power founded?
Illinois Power was founded in 2007. It employs 5,001 to 10,000 people.
Where is Illinois Power based?
Illinois Power is headquartered in Peoria, United States, in the North America region.
Who are Illinois Power's main competitors?
Direct peers on record are New York State Energy Research and Development Authority (NYSERDA) and California Public Utilities Commission (CPUC). Others are PJM Interconnection and Midcontinent Independent System Operator (MISO). Broad incumbents are New York Power Authority (NYPA), Tennessee Valley Authority (TVA) and Bonneville Power Administration. Sacramento Municipal Utility District (SMUD) is listed as a regional player.
Does Illinois Power have an API?
No public API is recorded for Illinois Power.
What industry is Illinois Power in?
Illinois Power's product category is Public Energy Procurement Services. Its primary akta.pro industry code is EUAMAAAJ, Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory), with a secondary code of EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal). Its NAICS code is 2211 and its SIC code is 4911.