The Alliance Risk Group

What The Alliance Risk Group does

The Alliance Risk Group is a boutique advisory firm specializing in risk management for the energy sector, founded in 2012 and headquartered in Houston, Texas. The firm delivers Integrated Risk Management (IRM) advisory services to energy market participants, with practitioner-operator leadership spanning former roles at major ISOs/RTOs (PJM, CAISO, MISO, SPP, NYISO) and financial institutions (Deloitte, CME Group, Merrill Lynch).

The firm's core offering is its IRM framework, which it extends through a curated partner ecosystem: mnemonic (cybersecurity, February 2021), Aravo Solutions (third-party risk management, December 2021), itegriti (compliance and cybersecurity), Iqumulus (Trusted Analytics Platform consortium, June 2021), and CCRO (industry association, July 2021). Beyond market and credit risk advisory, the firm has expanded into smart-grid and distributed energy resource programs via its engagement with the North Dakota Industrial Commission on the Fargo Smart Energy Ramp project.

The business model is professional advisory services delivered on a project or retainer basis to a small set of energy sector clients. The firm operates as a private LLC with 1–10 employees, indicating an asset-light, partner-orchestrated delivery model rather than a scaled consulting platform. Revenue mechanics are tied to senior practitioner hours and defined-scope engagements, with no disclosed productized SaaS or platform revenue.

Name

The Alliance Risk Group

Legal name

The Alliance Risk Group, LLC

Website

https://theallianceriskgroup.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Energy Risk Management Consulting

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

akta.pro secondary industries

Risk, Compliance & Internal Controls Consulting (BPAHACAJ), Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG), Supply Chain Risk, Resilience & Business Continuity (BPAHAHAH), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Enterprise Security Strategy & Program Advisory (BPAKADAA)

Keywords

• Energy risk management
• Regulatory compliance consulting
• Integrated risk management
• Capital efficiency advisory
• Smart grid consulting

Headquarters

HQ city

Otis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Advisory & Consulting Services: The Alliance Risk Group generates revenue through consulting and advisory service engagements billed to energy industry clients. Services include Company Advisory, Integrated Risk Management, Capital Efficiency, Regulatory & Internal Compliance, and Smart Grid consulting. Engagement is project-based or retainer-based, targeting enterprise energy companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Alliance Risk Group is a boutique advisory firm providing risk management consulting services to enterprise energy industry clients. The firm delivers project-based and retainer engagements across five core practice areas: Integrated Risk Management (IRM), Company Advisory, Capital Efficiency through Enhanced Risk Management, Regulatory and Internal Compliance, and Smart, Clean, Resilient Grid consulting. Services are delivered by senior practitioners with direct operating experience in energy markets, ISOs/RTOs, and major utilities.

Product overview

The Alliance Risk Group is a consulting/advisory firm, not a software product company. It offers a portfolio of professional services organized around five core practice areas: (1) Integrated Risk Management (IRM) - a holistic approach to energy risk management addressing operational risk, digital transformation, cyber risk, and ESG; (2) Company Advisory - including restructuring advisement, C-suite consulting, and interim officers; (3) Capital Efficiency through Enhanced Risk Management - covering risk advisory, treasury management, credit risk, and energy market optimization; (4) Regulatory and Internal Compliance - Dodd-Frank, CFTC, FERC compliance and internal audit services; and (5) Smart, Clean, Resilient Grid - consulting for smart grid implementation with renewables and DER. The services are delivered through experienced professionals and strategic service partners, not a unified software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Integrated Risk Management (IRM)
• Company Advisory
• Capital Efficiency through Enhanced Risk Management
• Regulatory and Internal Compliance
• Smart, Clean, Resilient Grid

Named customers5 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

AI capability6 records

Feature2 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Aravo SolutionscoreStrategic or Co-development Partner · 1 December 2021Alliance and Aravo Solutions formed a Strategic Partnership to combine Alliance's IRM advisory services with Aravo's TPRM (Third Party Risk Management) technology platform. Aravo's modular platform covers Third-Party Management, Supplier Information Security, Financial Services, Risk Intelligence Connectors, Supply Chain Resilience, GDPR/Data Privacy, ESG, and AI/Advanced Analytics. Aravo has been recognized as a leader by Gartner, Forrester, and Chartis for over 20 years.
• CCRO (Committee of Chief Risk Officers)coreOthers · 1 July 2021Alliance executives hold leadership roles within the CCRO. Morgan Davies is on the Board of Directors of the CCRO and co-Chaired the White Paper Market Clearing in the Energy Industry. Mike Prokop co-leads CCRO working groups and assists with ESG risk management initiatives. Phil Gootee and Alan Babp have also held key roles. Alliance was instrumental in forming the CCRO and has advised FERC and CFTC through this organization.
• IqumulussupportingTechnology or Integration · 1 June 2021Iqumulus is listed as a Strategic Service Partner within the TAP (The Alliance Partners) consortium. TAP is a Houston-based consortium of consulting and service firms that together address cyber, digital transformation, Risk, and ESG needs of clients. Iqumulus is referenced in Alliance's DOE public policy response alongside mnemonic and itegriti.
• mnemoniccoreStrategic or Co-development Partner · 1 February 2021The Alliance Risk Group formed a Strategic Partnership with mnemonic to offer comprehensive cybersecurity services as part of its IRM offering. mnemonic has been continually recognized by Gartner as a global leader in enterprise OT and IT solutions for managing, detecting, and responding to cyber threats in the energy, finance, and defense industries. The partnership enables Alliance to address the intersection of cyber, operational, and financial risks for clients as industries undergo digital transformation.
• itegritisupportingTechnology or Integrationitegriti is listed as a Strategic Service Partner on Alliance's Strategic Service Partners page, alongside Aravo and mnemonic. itegriti provides compliance and cybersecurity services. itegriti is part of the TAP (The Alliance Partners) consortium referenced in Alliance's DOE public policy comments.
• North Dakota Industrial Commission (NDIC)supportingOthersAlliance serves as project manager for the 'Fargo's Smart Energy Ramp' project under NDIC. This project integrates DER technologies (PV, battery storage, EV charging, smart lighting, demand management) at Roberts Commons parking garage in Fargo, ND. Partners include Xcel Energy, Microsoft, City of Fargo, and others. The project supports ND's goal of carbon neutrality by 2030.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Baringa Partners: Independent consulting firm with a major energy and commodities practice covering trading, risk, regulatory, and transition advisory for utilities, traders, and energy companies. Closely comparable energy risk advisory offering.
• Berkeley Research Group: Expert services and advisory firm with strong energy, commodities, and financial risk practices including credit, market, and operational risk consulting. Comparable to Alliance through its senior-practitioner energy risk expertise.
• Chartis Group: Risk advisory consultancy with deep energy and financial services practices covering operational risk, credit risk, and regulatory compliance. Comparable to Alliance through its risk-focused boutique advisory model.
• The Brattle Group: Specialized consulting firm with deep energy economics, regulatory, and risk expertise serving utilities, ISOs/RTOs, and energy market participants. Comparable to Alliance in its expert-witness and regulatory advisory orientation.
• Concentric Energy Advisors: Boutique energy-focused advisory firm serving utilities, ISOs/RTOs, and merchant generators on regulatory, financial, and risk matters. Most directly comparable to Alliance in scale, vertical focus, and senior-practitioner model.

Broad incumbents

• KPMG (Energy Risk Advisory): Big 4 firm offering energy sector risk, regulatory, and digital transformation advisory. Competes with Alliance for utility and energy trader risk mandates at a much larger scale.
• ICF International: Public consulting firm with substantial energy and climate advisory practices including grid modernization, DER integration, and regulatory advisory. Overlaps with Alliance's Smart Grid and regulatory service lines.
• EY-Parthenon (Energy Risk & Regulatory): Big 4 strategy and advisory arm with energy sector risk, regulatory compliance, and transaction advisory practices. Competes with Alliance in energy M&A, restructuring, and risk advisory mandates.
• Wood Mackenzie: Global energy research and consultancy covering power markets, renewables, and energy transition strategy. Adjacent competitor in energy market advisory though more research- and data-led than Alliance's risk-advisory model.
• Deloitte (Energy & Resources Risk Advisory): Big 4 firm with major energy risk, regulatory, and compliance practices globally. Directly competes for large enterprise risk advisory mandates, though at substantially greater scale and breadth than Alliance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-alliance-risk-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 The Alliance Risk Group