ATLANTA, May 17, 2019 /PRNewswire/ -- PowerSecure,
Inc., a subsidiary of Southern Company, announced an agreement with
Compass Energy Platform, LLC (Compass), a new joint venture formed
by Navigant and InfraRed Capital Partners.
As an implementation service provider for the local energy
project development and finance platform, PowerSecure will develop
microgrid solutions for Compass on jointly developed projects. This
includes designing, engineering and executing Compass' microgrids
needs, as well as operation and maintenance of the units once in
service.
"As the nation's leading provider of microgrids, PowerSecure is
excited to help assist cities and energy companies build more
sustainable and resilient energy solutions," said Eric Dupont, chief commercial officer for
PowerSecure. "Moreover, combining the expertise of so many in the
energy infrastructure space will make the development, execution
and financing of local energy solutions that much easier."
Purchased by Southern Company in 2016, PowerSecure is the
largest commercial microgrid developer in the U.S.
About PowerSecure
PowerSecure, a Southern Company
subsidiary, is a leading provider of innovative energy solutions to
electric utilities and their industrial, institutional, and
commercial customers. PowerSecure provides energy solutions in the
following areas: distributed generation, energy storage and
renewables, energy efficiency and utility infrastructure. The
company is a pioneer in developing distributed power systems and
the integration of distributed energy resources in a sophisticated
microgrid. This includes the ability to forecast electricity demand
and optimize the deployment of the systems, provides utilities with
dedicated electric capacity to utilize for grid resiliency,
provides customers with the most reliable power in the industry,
and optimizes the value streams to the utility and its customers
from the distributed energy resources. PowerSecure has installed
and controls over 2-gigawatts of distributed generation systems
across the U.S.
About Southern Company
Southern Company (NYSE: SO) is
a leading energy company serving 9 million customers through its
subsidiaries. The company provides clean, safe, reliable and
affordable energy through electric operating companies in three
states, natural gas distribution companies in four states, a
competitive generation company serving wholesale customers across
America, a leading distributed energy infrastructure company, a
fiber optics network and telecommunications services. Southern
Company brands are known for excellent customer service, high
reliability and affordable prices below the national average. For
more than a century, we have been building the future of energy and
developing the full portfolio of energy resources, including
carbon-free nuclear, advanced carbon capture technologies, natural
gas, renewables, energy efficiency and storage technology. Through
an industry-leading commitment to innovation and a low-carbon
future, Southern Company and its subsidiaries develop the
customized energy solutions our customers and communities require
to drive growth and prosperity. Our uncompromising values ensure we
put the needs of those we serve at the center of everything we do
and govern our business to the benefit of our world. Our corporate
culture and hiring practices have been recognized nationally by the
U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black
Enterprise, Forbes and the Women's Choice Award. To learn more,
visit www.southerncompany.com.
About Compass Energy Platform LLC
Compass Energy
Platform, LLC is a development and financing platform designed to
help cities prepare for the future through district-scale energy
projects that increase environmental and economic resilience.
Compass develops and finance every sort of distributed energy asset
– generation technologies, including solar, wind, fuel cells,
combined heat & power and batteries, combined with microgrids,
district heating and cooling, and other smart city assets. The
investment model is based on public/private partnership, and
commitment to cities includes investment in schools, hospitals,
commercial/industrial entities and other key verticals. Compass was
developed by two globally-recognized market leaders – InfraRed
Capital Partners and Navigant Consulting – combining InfraRed's
energy investment experience with Navigant energy advisory
expertise to create a new kind of company, one particularly suited
to the opportunities and complexities of 21st century energy
infrastructure development.
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SOURCE PowerSecure