Submitted by Southern Company
Southern Company delivers resilient energy solutions that connect customers and communities to opportunity.
Energy companies like Southern Company must stay ahead of customers’ changing needs, which means identifying and supporting innovative concepts that drive decarbonization efforts.
Southern Company’s New Ventures organization is leading the way by playing an active role in by collaborating with emerging clean tech companies that are part of Energy Impact Partners (EIP), a utility-backed investment fund focused on sustainable startups.
For example, New Ventures is collaborating with companies like Moxion Power and Rheaply to explore ways in which they can help advance decarbonization for the customers and communities served by Southern Company subsidiaries.
Moxion provides zero-emission battery solutions for events like the PGA’s recent TOUR Championship in Atlanta, and for industries such as construction and telecommunications that have typically relied on fossil fuels for energy.
“We believe that our products will help support grid resiliency and their end customers in many different applications,” says Alex Meek, cofounder and president of Moxion Power. “This is just the beginning of what is a very exciting partnership with Southern Company.”
Rheaply is a Chicago-based climate technology company focused on reuse and helping large companies find their role in the circular economy.
According to Garry Cooper, cofounder and CEO of Rheaply, reuse is a powerful tool that shouldn’t be underestimated. "The circular economy, at scale, can reduce global carbon emissions by 45%."
The two companies have different missions, but both efforts create decarbonization opportunities that New Ventures can help scale up.
It’s all part of Southern Company’s goal to achieve net-zero greenhouse gas emissions by 2050 while providing clean, safe, reliable and affordable energy to customers and communities.
"These clean tech companies serve as a great resource for us to think through opportunities for sustainability within our business," says Hank Adams, SVP of Customer Solutions for Southern Company.
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial 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 distribution company 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 and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, The Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.
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