PowerSecure celebrates 25 years of innovation and resilient energy solutions
Rhea-AI Summary
PowerSecure, a subsidiary of Southern Company (NYSE:SO), celebrates its 25th anniversary of providing innovative energy solutions. Founded in 2000, the company has installed over 3 gigawatts of microgrid capacity and deployed more than 2,500 microgrid systems with a remarkable 97.9% reliability rating.
Key milestones include the 2001 acquisition of Industrial Automation, the 2005 launch of PowerServices and Utility Engineering, and becoming a Southern Company subsidiary in 2016. The company has completed over $1 billion in energy efficiency projects, focusing on carbon reduction and customer return on investment.
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- Deployed over 2,500 microgrid systems with 97.9% reliability rating
- Installed and manages more than 3 gigawatts of microgrid capacity
- Completed over $1 billion in energy efficiency projects
- Strategic acquisition by Southern Company enhanced market position
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- None.
News Market Reaction
On the day this news was published, SO gained 0.20%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"This milestone presents an opportunity to express our deep appreciation to the customers and communities who have placed their trust in us," said Chris Cummiskey, CEO of PowerSecure. "As the energy landscape undergoes rapid transformation, PowerSecure is well-positioned to continue leading — delivering resilient, sustainable solutions that meet today's demands and shape tomorrow's energy future."
Founded in 2000, PowerSecure began with a focus on distributed energy systems and the integration of energy resources for both basic and advanced microgrid deployments. In 2001, the company acquired Industrial Automation, laying the foundation for its NexGear switchgear and integrated controls solutions. By 2005, PowerSecure launched PowerServices and Utility Engineering, forming its utility infrastructure division. Between 2007 and 2012, the company significantly expanded by developing PowerBlock, a modular and scalable distributed generation system designed to provide resilient power and economic value for our customers.
In 2016, PowerSecure became a wholly owned subsidiary of Southern Company, solidifying its position as a leading distributed energy innovation company. Over the past 25 years, PowerSecure has developed, designed, installed, managed and serviced more than 3 gigawatts of microgrid capacity, delivering critical resiliency for data centers, utilities, healthcare, retail, federal, commercial and industrial customers.
Over the past two decades, PowerSecure has deployed more than 2,500 microgrid systems with a
"This anniversary is a testament to the hard work, dedication and customer focused mindset that have defined PowerSecure since day one," said Jim Smith, president of PowerSecure. "We're proud of what the team has accomplished and energized by what lies ahead. The future of PowerSecure is filled with opportunity — and we're ready to meet it with the same passion and purpose that brought us here."
About PowerSecure
PowerSecure, a subsidiary of Southern Company, stands at the forefront of the distributed energy infrastructure sector in
About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com.
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SOURCE PowerSecure