08/29/2024 | Press release | Distributed by Public on 08/29/2024 07:28
New resources will help company meet the energy needs of a growing Georgia
ATLANTA, Aug. 29, 2024/PRNewswire/ -- Georgia Power has identified locations for 500 MW of new battery energy storage systems (BESS) authorized by the Georgia Public Service Commission (PSC) earlier this year as part of the company's 2023 Integrated Resource Plan (IRP) Update. According to the company's recent filing with the Georgia PSC, the portfolio of BESS resources proposed by Georgia Power helps address the resource needs identified in the 2023 IRP Update in a cost-effective and strategic manner.
Each of the proposed resources will consist of 4-hour duration BESS. Once developed, these projects will serve as dispatchable capacity resources that will provide customers with a reliable and economical source of electricity for the winter of 2026/2027. These resources will add to Georgia Power's diverse generation portfolio, helping to ensure the company has the mix of technologies necessary to provide clean, safe, reliable and affordable electric service for all customers during all hours.
BESS support the reliability and resilience of the electric system, while also enhancing the value of intermittent renewable generation like solar. BESS can improve the efficiency of renewable energy by storing excess energy produced during periods when the demand for electricity is lower, for use when the demand is higher, such as on cold winter mornings. Because battery storage can provide stored energy to the grid over several hours, BESS resources can also rapidly respond to other system events to increase the reliability of the electric system.
The new BESS facilities planned and under development are:
Each BESS project is expected to produce significant benefits for customers. For example, leveraging existing sites and transmission infrastructure will reduce deployment time and avoid additional capital investment otherwise required. In addition, each BESS project qualifies for customer cost reducing tax incentives from the Inflation Reduction Act. The proposed BESS resources will also provide "energy arbitrage" benefits, which optimize energy savings by shifting the energy output from hours with a relatively low system marginal cost to hours with a relatively high system marginal cost - ultimately saving customers money.
In addition to the 500 MW BESS projects from the 2023 IRP Update, Georgia Power is nearing completion on the 65 MW Mossy Branch Battery Facility located in Talbot County, Georgia. Mossy Branch was approved in the 2019 IRP and will be Georgia Power's first BESS resource. The company is also developing the 265 MW McGrau Ford Phase I BESS project, approved in the 2022 IRP, and expects it to enter service by the end of 2026.
To learn more about how Georgia Power is meeting the needs of customers through a diverse, balanced energy portfolio, visit www.GeorgiaPower.com/IRP.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.7 million customers in all but four of Georgia's159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower [facebook.com]), X (X.com/GeorgiaPower [twitter.com]) and Instagram (Instagram.com/ga_power [instagram.com]).
SOURCE Georgia Power