Georgia Power Seeks Approval for Massive Energy Resource Expansion
Georgia Power Seeks Approval for New Energy Resources
Georgia Power has taken significant steps forward by filing a request for the certification of approximately 9,900 megawatts (MW) of new energy resources from the Georgia Public Service Commission (PSC). This expansion aims to ensure that the growing energy demands of the state are met reliably and economically. In line with the 2022 and 2025 Integrated Resource Plans, the proposed projects include a mix of natural gas turbines, battery energy storage systems, and solar power.
Details on New Resources
The majority of the identified resources include around 8,000 MW selected from an all-source request for proposals (RFP) approved by the Georgia PSC. This comprehensive evaluation took place over the past year, allowing Georgia Power to work closely with PSC staff and independent evaluators to select the most efficient and cost-effective solutions for energy generation and storage. The goal is to ensure these resources are ready to meet projected winter capacity needs between 2029 and 2031, enhancing reliability for customers.
Furthermore, Georgia Power has also submitted a request to certify an additional 1,886 MW of supplemental resources necessary for addressing immediate energy needs that the All-Source RFP does not cover. This filing is a critical part of keeping energy supply consistent and affordable for Georgians.
Commitment to Reliable Energy
“Every day, our teams diligently work to keep energy flowing reliably during extreme weather conditions,” stated Rick Anderson, senior vice president and production officer at Georgia Power. “The proactive planning behind our filings ensures that we select the right mix of resources to support the energy needs of Georgians now and in the future.” Georgia Power’s diverse energy initiatives not only assure a stable energy supply but also aim to enhance long-term value and sustainability for all customers.
Expanding Natural Gas Capacity
Georgia Power’s strategy continues to incorporate cleaner natural gas into its energy mix, a move that has already contributed to more than a 60% reduction in carbon emissions since 2007. The company is actively pursuing the construction of new natural gas facilities at Plant McIntosh and Plant Yates, leveraging approvals obtained from the PSC in previous IRPs. The latest filings include the establishment of five new combined cycle (CC) units with a total capacity of 3,692 MW.
Combined Cycle Projects
Among the new combined cycle projects submitted are:
- Bowen: Located in Bartow County, this site will feature two combined cycles with a capacity of 1,482 MW.
- McIntosh: This facility in Effingham County will add one CC unit with a capacity of 757 MW, complementing the existing units already under operation.
- Wansley: Incorporating two CC units with a combined 1,453 MW capacity in Heard County.
Innovating with Battery Energy Storage
Georgia Power is focused on integrating advanced battery energy storage systems (BESS) to bolster the reliability of its electric supply. These projects play a crucial role in managing energy generated from renewable sources, effectively storing excess energy for use during peak demand times. This utility is pivotal, especially in providing energy during cold winter mornings when demand surges.
Current and Upcoming BESS Projects
Currently, construction is taking place on 765 MW of BESS assets across various counties, with plans for ten new facilities adding up to 3,022.5 MW. Notable new BESS facilities proposed include:
- Bowen Phases 1 & 2: 500 MW BESS at Plant Bowen.
- Hammond Phase 2: 192.5 MW BESS located in Floyd County.
- McIntosh: 250 MW BESS at this substantial plant site.
Solar Initiatives Combined with Storage
In tandem with BESS, Georgia Power is set to develop state-of-the-art solar systems paired with storage to enhance renewable energy provision further. These innovative projects are expected to deliver a cumulative capacity of 350 MW. This solar portfolio focuses on optimizing sites with high solar irradiance while ensuring minimal environmental disruption during construction.
New Solar Plus Storage Facilities
The proposed solar systems with attached BESS projects include:
- Laurens County: This site will offer 200 MW of solar coupled with a matching 200 MW BESS.
- Mitchell: Located in Dougherty County, this project includes 150 MW of solar with a corresponding 150 MW BESS.
About Georgia Power
Georgia Power, the largest electric utility subsidiary of Southern Company (NYSE: SO), is dedicated to providing clean, reliable, and affordable energy to its 2.8 million customers. The company's commitment to service excellence is evident in its diverse energy portfolio, which includes not only traditional energy sources like nuclear, coal, and natural gas but also renewable energies. Georgia Power’s efforts are recognized industry-wide for achieving high levels of customer satisfaction while ensuring a sustainable and balanced energy mix to meet the needs of all Georgians.
Frequently Asked Questions
What is Georgia Power's recent request about?
Georgia Power has submitted a request for certification for approximately 9,900 MW of new energy resources to meet the growing energy demands in Georgia.
What types of resources are included in the request?
The request encompasses natural gas turbines, battery energy storage systems, and solar power, among others.
How many megawatts are included in the supplemental resource request?
Additionally, Georgia Power is seeking certification for 1,886 MW of supplemental resources.
What are combined cycle units?
Combined cycle units are power plants that utilize both gas and steam turbines to generate electricity, enhancing efficiency.
Is Georgia Power investing in renewable energy?
Yes, Georgia Power is actively integrating renewable energy solutions, including solar power and battery energy storage systems, into its energy mix.
About The Author
Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.