1. Georgia Power issues RFP for 500 MW Energy Storage Systems. 2. Selected resources ideally operational by 2031, improving energy reliability. 3. Grid charging capability is a project requirement for proposals. 4. Independent evaluator Ascend Analytics oversees the RFP process. 5. Georgia Power, a subsidiary of Southern Company, serves 2.8 million customers.
The RFP signifies growth opportunities and potential profitability in energy storage, reinforcing SO's market position. Historical investments in renewable energy align with SO's strategic focus, which may enhance stock attractiveness.
The announcement reflects strategic growth and aligns with energy transition trends, which is crucial for SO's long-term value. Increased focus on energy storage is likely to bolster Southern Company's competitive position.
The RFP duration extends to 2031, indicating sustained investments in energy storage that can enhance SO's growth trajectory. Previous renewable projects have led to significant operational expansions over time.
ATLANTA, Sept. 23, 2025 /PRNewswire/ -- Georgia Power has announced the open comment period for its 2025 Request for Proposals (RFP) for Energy Storage System (ESS) resources. Approved by the Georgia Public Service Commission (PSC) as a part of the company's 2022 Integrated Resource Plan (IRP), this RFP provides a competitive solicitation for Georgia Power to procure 500 MW of ESS. The company prefers the procured resources to be online by no later than the end of 2031.
The RFP, administered by independent evaluator Ascend Analytics on behalf of Georgia Power, will solicit:
The procurement target capacity is 500 megawatts (MW), with a required storage discharge duration of at least two hours.
Interested participants are required to register through the Ascend Analytics Power Procurement platform where they will be invited to attend an RFP Bidder's Conference, either in person or via a virtual option, on Sept. 29, 2025. Participants should visit the independent evaluator website for additional details of the RFP and Solicitation Schedule.
All proposals and communication must be submitted through the Ascend Analytics Power Procurement platform. Georgia Power will not accept submissions or inquiries by phone, email or mail for the program.
To learn more about how Georgia Power is meeting the needs of customers through a diverse, balanced energy portfolio and the IRP process, visit GeorgiaPower.com.
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 2.8 million customers in all but four of Georgia's 159 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 offers rates below the national average, 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), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About Ascend Analytics
Ascend Analytics is the leading provider of market intelligence and analytics solutions for the power industry. The company's offerings enable decision makers in power supply, procurement, and investment markets to plan, operate, monetize, and manage risk for renewable energy and storage assets. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.
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SOURCE Georgia Power