The Wake Forest, N.C.-based company controls some 1,500 megawatts -- mostly backup generators, along with some cutting-edge solar-battery integrations -- that help hospitals, data centers, grocery stores, food-processing plants and other big commercial-industrial customers ride through blackouts and shave peak power costs. As it noted in its press release, “these technologies typically receive highest demand largely in markets outside of the Southeast,” where coal and nuclear still provide most of the region’s power. PowerSecure provides energy solutions in the following areas: distributed generation, energy storage and renewables, energy efficiency and utility infrastructure. We’ve also seen a fair share of M&A activity along these lines over the years. Most of PowerSecure’s customer base is outside Southern Co.’s territory, Hinton noted, with projects financed or owned by the customer itself, or by a utility. NRG bought Energy Curtailment Specialists in 2013, Constellation Energy and Comverge merged their commercial-industrial demand response portfolios in 2014, and Customized Energy Solutions acquired Powerit Solutions earlier this year. Southern Company believes that the advancement of distributed infrastructure technologies – the very technologies in which PowerSecure specializes through its unique business model – helps meet customers' future energy needs as part of the full portfolio of energy resources. “My understanding is, we will be the platform they use for their behind-the-meter services.”. Free intelligence and insights from industry experts and leading companies on the global energy transformation. “We’ve earned very attractive rates of return for those projects,” he said. We deliver innovative electrical measures and turnkey transformer retrofits, with in-house electricians to support needed ECM work and ease overall project management. One such showcase project at a well-known tech company headquarters features solar PV, batteries, fuel cells and spinning generators, all integrated with the local utility’s distribution grid control systems, he said. While he wouldn’t name customers, he did say they include six of the country’s 10 top grocery-store chains, several well-known data center customers, and a few military bases. On Wednesday, Southern Company announced plans to acquire PowerSecure for $431 million, or $18.75 a share -- a hefty premium over the publicly traded company’s recent share price. Over the past 15 years, PowerSecure has quietly built what may be the country’s biggest fleet of microgrids. “[Requests for quotations] are not our thing.”, “We never really wanted any publicity. PowerSecure is led by CEO Sidney Hinton, who called Southern an "ideal partner.". 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Southern has been acquisitive in the last year, agreeing to buy AGL Resources (GAS) in August of last year for $8 billion and various solar and wind power plants in California and the southwest. PowerSecure's operations, including its management team and corporate headquarters, will continue to be based in Wake Forest, N.C. The company will continue to partner with other utilities under its new ownership structure, he added. On Wednesday, Southern Company announced plans to acquire PowerSecure for $431 million, or $18.75 a share -- a hefty premium over the publicly traded company’s recent share price. Batteries are helping to optimize the power grid and opening up new applications and services for utilities and service providers. These are custom-engineered, proprietary combinations of backup generators and on-site energy controls, built to provide a majority of a site’s power needs and keep it running during times of grid disruption, he said. We do complex solar, where people are incorporating storage, high-speed reciprocating engines,” he said. PowerSecure’s Energy Efficiency Services (EEES) provides a comprehensive service offering across the full range of energy efficiency and renewable energy projects to deliver cost and sustainability benefits. Southern Wholesale Energy markets the retail operating companies' surplus generating capacity to the wholesale market. "With the addition of PowerSecure to Southern Co., we're extending our commitment to create America's energy future by tapping into industry-leading expertise to deliver cutting-edge solutions to energy consumers nationwide.". It was genuinely a desire to do the “Green Thing”. Over the past four years or so, PowerSecure has also expanded into solar power projects, specializing in what Hinton called “making solar dispatchable. Its stock fell below $10 per share earlier this month versus its 52-week high of almost $17, despite surpassing analysts' third quarter earnings forecasts in November. Southern Company subsidiary PowerSecure is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure CEO Sidney Hinton said in a Thursday interview that the company managed about 1,500 megawatts of flexible, behind-the-meter energy resources at about 1,200 sites, mostly east of the Mississippi River. Recognizing the importance of accessibility we are able to integrate your charging stations with your facility for full compatibility, no matter the system type. We provide leading analysis and expertise to assess water consumption, in any type of facility, delivering a full range of effective, turnkey conservation solutions while maximizing your savings. “I would say we bid less than 20 percent” of the projects in its portfolio, he said. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Southern said the combination will expand its opportunities to provide customized energy products to customers. PowerSecure's shares, meanwhile, have been languishing as a standalone company serving utilities and their commercial, institutional and industrial companies. But over the years, PowerSecure has found itself in the position of taking ownership stakes in a relatively small portion of its projects -- about 10 percent or so, he said.

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