Powerworld Corp

Powerworld Corp, a for-profit Subchapter S Corporation based in Champaign, Illinois, provides electric grid modeling and simulation software to federal energy and defense agencies primarily as a prime contractor (95% of recent awards), competing in the full-and-open market with no set-aside designations across its federal footprint.

Powerworld's capability portfolio centers on its PowerWorld Simulator platform and specialized modules for power system analysis. The software suite includes SimAuto, Distributed Transient, Available Transfer Capability, Voltage/Reactive Power, Optimal Power Flow, and Security Constrained Optimal Power Flow analysis tools used for transmission management and grid stability visualization. Customer work consists almost entirely of software licensing renewals and maintenance contracts. Representative prime awards include a $103.5 thousand one-year PowerWorld Simulator license renewal with the Western Area Power Administration (WAPA) on a sole-source basis (November 2025), a $36.3 thousand PowerWorld Simulator ATC (Available Transfer Capability) maintenance services contract with the Federal Energy Regulatory Commission (September 2025), and a $23.6 thousand software maintenance renewal and single-user license addition for Naval Sea Systems Command (March 2025). A March 2026 purchase order from Naval Sea Systems Command for $7.7 thousand covers PowerWorld software renewal with completion by March 2027.

Customer concentration is heavily tilted toward Department of Energy civilian agencies. The top five customers account for 71% of recent awards by count and 89% by combined potential value. WAPA alone anchors the relationship with 19 awards carrying $848 thousand in combined potential value, followed by the Federal Energy Regulatory Commission with 12 awards ($394 thousand), Naval Sea Systems Command with 10 awards ($119 thousand), and the Southeastern Power Administration with 8 awards ($101 thousand). WAPA's annual maintenance renewals have ranged from $19.8 thousand to $171.6 thousand and recur consistently; FERC's ATC maintenance contracts appear quarterly on a predictable cycle. These relationships represent the core revenue stream.

Activity has remained flat to declining over the past five years — five awards in 2022 and 2025, but only three in 2024 and one in 2026 year-to-date — with combined potential value of $1.7 million across 75 total awards in the source. Notably, combined dollars obligated across all awards ($4.2 million) exceed combined potential value by 247%, indicating mature, long-standing relationships where Powerworld's actual invoiced revenue substantially exceeds the visible ceiling values on individual purchase orders. Three awards (combined potential value $148 thousand) face ultimate completion within the next twenty-four months and therefore represent near-term recompete exposure.

Powerworld holds a minor subcontract footprint under Applied Research Associates, Inc., subcontracting on DTRA (Defense Threat Reduction Agency) technical reachback and electromagnetic reliability research tasks awarded in December 2023, December 2024, and May 2025. This sub work represents approximately 5% of recent award count and signals early-stage entry into defense R&D channels outside its core energy-sector focus. Powerworld competes full-and-open across all named customers with no reliance on set-asides, reflecting the specialized and often sole-source nature of its software licensing renewals where technical lock-in and existing infrastructure integration favor the incumbent vendor.