ATLANTA and SAN FRANCISCO,
June 27, 2017 /PRNewswire/
-- Southern Company subsidiary PowerSecure announced today a
strategic alliance with Advanced Microgrid Solutions ("AMS") to
jointly develop and deploy behind-the-meter distributed energy
resources across the United
States.
With over 1.5 GW of distributed energy resources under
management, PowerSecure has built one of the country's largest
fleets of microgrid solutions and will bring project design,
engineering and innovative technology solutions to the alliance.
AMS, an early pioneer in the aggregation and optimization of
distributed energy resources, will provide asset management
services through its ArmadaTM platform, identifying
opportunities for grid services and revenue stacking.
"As Southern Company grows our distributed infrastructure
business throughout the country it is important that we continually
maximize the value from these assets," said Southern Company
Chairman, President and CEO Thomas A.
Fanning. "This strategic relationship between PowerSecure
and Advanced Microgrid Solutions will uncover new ways for Southern
Company to deliver value for energy consumers."
"Southern Company's leadership in the distributed energy space
is game-changing," said AMS CEO Susan
Kennedy. "We are immensely proud to be working with
PowerSecure and Southern Company to offer customers some of the
most advanced distributed energy technologies in the world."
Through this alliance, PowerSecure will continue to build on its
proven track record of success providing customers greater control
over their energy and outstanding service across multiple
technologies. AMS will utilize its advanced analytics and
co-optimization platform, ArmadaTM, and best-in-class
energy storage technology to lower energy expenses for customers
while providing cost effective grid services to
utilities.
Together, PowerSecure and AMS will work to accelerate the
cost-effective deployment of distributed energy resources by
enhancing consumers' ability to access market revenues, which will
improve overall economics for future joint projects.
About Southern Company
Southern Company (NYSE: SO) is
America's premier energy company, with 46,000 megawatts of
generating capacity and 1,500 billion cubic feet of combined
natural gas consumption and throughput volume serving 9 million
customers through its subsidiaries. The company provides clean,
safe, reliable and affordable energy through electric operating
companies in four states, natural gas distribution companies in
seven states, a competitive generation company serving wholesale
customers across America and a nationally recognized provider of
customized energy solutions, as well as fiber optics and wireless
communications. Southern Company brands are known for excellent
customer service, high reliability and affordable prices that are
below the national average. Through an industry-leading commitment
to innovation, Southern Company and its subsidiaries are inventing
America's energy future by developing the full portfolio of energy
resources, including carbon-free nuclear, 21st century
coal, natural gas, renewables and energy efficiency, and creating
new products and services for the benefit of
customers. Southern Company has been named by the U.S.
Department of Defense and G.I. Jobs
magazine as a top military employer, recognized among the Top 50
Companies for Diversity by DiversityInc, listed by Black Enterprise
magazine as one of the 40 Best Companies for Diversity and
designated a Top Employer for Hispanics by Hispanic Network. The
company has earned a National Award of Nuclear Science and History
from the National Atomic Museum Foundation for its leadership and
commitment to nuclear development and is continually ranked among
the top energy companies in Fortune's annual World's Most
Admired Electric and Gas Utility rankings. Visit our website at
www.southerncompany.com.
About PowerSecure
Southern Company subsidiary
PowerSecure is a leading provider of utility and energy
technologies to electric utilities, and their industrial,
institutional and commercial customers. PowerSecure provides
products and services in the areas of distributed generation,
storage and renewables, energy efficiency and utility
infrastructure. The company is a pioneer in developing distributed
generation power systems with sophisticated smart grid capabilities
and microgrid controls, including the ability to forecast
electricity demand and electronically deploy the systems to deliver
more efficient, and environmentally friendly, power at peak power
times; provide utilities with dedicated electric power generation
capacity to utilize for demand response purposes; and provide
customers with the most dependable standby power in the industry.
PowerSecure has over 1,500 distributed generation systems installed
across the U.S. For more information, visit
www.powersecure.com.
About AMS
Advanced Microgrid Solutions (AMS) is
pioneering the use of advanced energy storage for energy management
and utility services. AMS designs, optimizes, aggregates and
manages distributed energy resources and energy storage assets.
AMS's energy storage asset management software Armada™ provides
continuously optimized resource management, cost reduction and
revenue generation for large-scale energy users and utilities. To
learn more, visit www.advmicrogrid.com and follow us on twitter:
@advmicrogrid.
Cautionary Statement Regarding Forward-Looking
Information
This release contains forward-looking statements
which are made pursuant to safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements, among other things, concerning the
expected benefits of the transactions. These forward-looking
statements are often characterized by the use of words such as
"expect," "anticipate," "plan," "believe," "may," "should," "will,"
"could," "continue", "opportunity" and the negative or plural of
these words and other comparable terminology. Although Southern
Company believes that the expectations reflected in such
forward-looking statements are reasonable, such statements involve
risks and uncertainties and undue reliance should not be placed on
such statements. Certain material factors or assumptions are
applied in making forward-looking statements. Actual results may
differ materially from those expressed or implied in such
statements. Important factors that could cause actual results to
differ materially from these expectations include, among other
things, the following: the possibility that the anticipated
benefits from the transactions cannot be fully realized or may take
longer to realize than expected; the diversion of management time
on transaction-related issues; the impact of legislative,
regulatory and competitive changes; and other risk factors relating
to the energy industry, as detailed from time to time in Southern
Company's reports filed with the Securities and Exchange
Commission. Additional information about these factors and about
the material factors or assumptions underlying such forward-looking
statements with respect to Southern Company may be found under Item
1.A. in Southern Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2016
and Quarterly Report on Form 10-Q for the quarter ended
March 31, 2017. The foregoing list of
important factors that may affect future results is not exhaustive.
When relying on forward-looking statements to make decisions,
investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. All
subsequent written and oral forward-looking statements concerning
the transactions or other matters attributable to Southern Company
or any other person acting on its behalf are expressly qualified in
their entirety by the cautionary statements referenced above. The
forward-looking statements contained herein speak only as of the
date of this release. Southern Company undertakes no obligation to
update or revise any forward-looking statement, except as may be
required by law.
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SOURCE Southern Company