Latest news with #SouthernCompany
Yahoo
2 days ago
- Business
- Yahoo
Southern Company, EPRI Program To Accelerate Emerging Technologies
ATLANTA, GA / / May 31, 2025 / Southern Company and EPRI, a non-profit energy research and development organization, are launching a pilot program to advance technologies that will support an affordable, reliable and resilient energy future. The Emerging Technologies Pilot Program (ETP Program) is a collaborative initiative that will accelerate the validation and deployment of cutting-edge energy solutions. This unique collaboration will leverage Southern Company's ability to serve energy to homes and businesses and EPRI's experience connecting start-up companies with energy providers through its Incubatenergy Labs (IEL) program. The ETP program is designed to address many of the challenges major corporations often face when implementing new products or services and aims to shorten the amount of time it takes to gain value from novel technologies. Maximizing this "time to value" will provide access to smaller companies that can help the power industry to more rapidly assess, prepare and eventually integrate technologies that will shape the future of energy. Under this program, Southern Company will identify critical strategic and operational needs, and EPRI will utilize its extensive network and technical expertise to connect with companies whose technologies meet those business objectives. Based on EPRI's research and insights, Southern Company will then prioritize and advance he most promising concepts for potential future development. The ETP Program will streamline processes and take advantage of the collective expertise of Southern Company and EPRI, with the key benefits to: Accelerate pilot selection and advancement: EPRI's rigorous evaluation process will support efforts to identify compelling companies, streamlining the technology review and contracting process. Enhance resource utilization: Southern Company will utilize EPRI's expertise and resources to help address constraints often associated with integrating a startup company's technology into a large corporate enterprise. Reduce risk: The program's ability to leverage EPRI's expertise and resources will create a "sandbox" environment that will help mitigate risks associated with demonstrating new technologies. "The energy landscape is rapidly evolving, and it is crucial that we embrace innovation to meet the growing demands of our customers," said Robin Lanier, New Ventures director for Southern Company. "The Emerging Technologies Pilot Program with EPRI will enable us to quickly identify and validate promising technologies, and help ensure that we remain at the forefront of energy innovation and continue to deliver clean, safe, reliable and affordable energy solutions." "EPRI is committed to accelerating the development and deployment of advanced technologies that support affordable, reliable and resilient energy," said Dan Killoren, head of the Global Innovation Hub for EPRI. "We look forward to working with Southern Company and its subsidiaries in this collaboration as we further our goal of rapidly evaluating and integrating innovative solutions that can benefit the energy industry and society." About Southern CompanySouthern 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 infrastructure 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 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 About EPRIFounded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable energy, and equitable access to electricity across the globe. Together…shaping the future of energy®. SOURCE Southern Company For further information: Southern Company Media Relations, 404-506-5333 or 1-866-506-5333, View additional multimedia and more ESG storytelling from Southern Company on Info:Spokesperson: Southern CompanyWebsite: info@ SOURCE: Southern Company View the original press release on ACCESS Newswire
Associated Press
3 days ago
- Business
- Associated Press
Southern Company, EPRI Program To Accelerate Emerging Technologies
Southern Company ATLANTA, March 31, 2025 /3BL/ - Southern Company and EPRI, a non-profit energy research and development organization, are launching a pilot program to advance technologies that will support an affordable, reliable and resilient energy future. The Emerging Technologies Pilot Program (ETP Program) is a collaborative initiative that will accelerate the validation and deployment of cutting-edge energy solutions. This unique collaboration will leverage Southern Company's ability to serve energy to homes and businesses and EPRI's experience connecting start-up companies with energy providers through its Incubatenergy Labs (IEL) program. The ETP program is designed to address many of the challenges major corporations often face when implementing new products or services and aims to shorten the amount of time it takes to gain value from novel technologies. Maximizing this 'time to value' will provide access to smaller companies that can help the power industry to more rapidly assess, prepare and eventually integrate technologies that will shape the future of energy. Under this program, Southern Company will identify critical strategic and operational needs, and EPRI will utilize its extensive network and technical expertise to connect with companies whose technologies meet those business objectives. Based on EPRI's research and insights, Southern Company will then prioritize and advance he most promising concepts for potential future development. The ETP Program will streamline processes and take advantage of the collective expertise of Southern Company and EPRI, with the key benefits to: 'The energy landscape is rapidly evolving, and it is crucial that we embrace innovation to meet the growing demands of our customers,' said Robin Lanier, New Ventures director for Southern Company. 'The Emerging Technologies Pilot Program with EPRI will enable us to quickly identify and validate promising technologies, and help ensure that we remain at the forefront of energy innovation and continue to deliver clean, safe, reliable and affordable energy solutions.' 'EPRI is committed to accelerating the development and deployment of advanced technologies that support affordable, reliable and resilient energy,' said Dan Killoren, head of the Global Innovation Hub for EPRI. 'We look forward to working with Southern Company and its subsidiaries in this collaboration as we further our goal of rapidly evaluating and integrating innovative solutions that can benefit the energy industry and society.' About Southern CompanySouthern 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 infrastructure 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 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 About EPRIFounded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable energy, and equitable access to electricity across the globe. Together…shaping the future of energy®. SOURCE Southern Company For further information: Southern Company Media Relations, 404-506-5333 or 1-866-506-5333, Visit 3BL Media to see more multimedia and stories from Southern Company
Yahoo
3 days ago
- Business
- Yahoo
Southern Company, EPRI Program To Accelerate Emerging Technologies
ATLANTA, GA / / May 31, 2025 / Southern Company and EPRI, a non-profit energy research and development organization, are launching a pilot program to advance technologies that will support an affordable, reliable and resilient energy future. The Emerging Technologies Pilot Program (ETP Program) is a collaborative initiative that will accelerate the validation and deployment of cutting-edge energy solutions. This unique collaboration will leverage Southern Company's ability to serve energy to homes and businesses and EPRI's experience connecting start-up companies with energy providers through its Incubatenergy Labs (IEL) program. The ETP program is designed to address many of the challenges major corporations often face when implementing new products or services and aims to shorten the amount of time it takes to gain value from novel technologies. Maximizing this "time to value" will provide access to smaller companies that can help the power industry to more rapidly assess, prepare and eventually integrate technologies that will shape the future of energy. Under this program, Southern Company will identify critical strategic and operational needs, and EPRI will utilize its extensive network and technical expertise to connect with companies whose technologies meet those business objectives. Based on EPRI's research and insights, Southern Company will then prioritize and advance he most promising concepts for potential future development. The ETP Program will streamline processes and take advantage of the collective expertise of Southern Company and EPRI, with the key benefits to: Accelerate pilot selection and advancement: EPRI's rigorous evaluation process will support efforts to identify compelling companies, streamlining the technology review and contracting process. Enhance resource utilization: Southern Company will utilize EPRI's expertise and resources to help address constraints often associated with integrating a startup company's technology into a large corporate enterprise. Reduce risk: The program's ability to leverage EPRI's expertise and resources will create a "sandbox" environment that will help mitigate risks associated with demonstrating new technologies. "The energy landscape is rapidly evolving, and it is crucial that we embrace innovation to meet the growing demands of our customers," said Robin Lanier, New Ventures director for Southern Company. "The Emerging Technologies Pilot Program with EPRI will enable us to quickly identify and validate promising technologies, and help ensure that we remain at the forefront of energy innovation and continue to deliver clean, safe, reliable and affordable energy solutions." "EPRI is committed to accelerating the development and deployment of advanced technologies that support affordable, reliable and resilient energy," said Dan Killoren, head of the Global Innovation Hub for EPRI. "We look forward to working with Southern Company and its subsidiaries in this collaboration as we further our goal of rapidly evaluating and integrating innovative solutions that can benefit the energy industry and society." About Southern CompanySouthern 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 infrastructure 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 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 About EPRIFounded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable energy, and equitable access to electricity across the globe. Together…shaping the future of energy®. SOURCE Southern Company For further information: Southern Company Media Relations, 404-506-5333 or 1-866-506-5333, View additional multimedia and more ESG storytelling from Southern Company on Info:Spokesperson: Southern CompanyWebsite: info@ SOURCE: Southern Company View the original press release on ACCESS Newswire Connectez-vous pour accéder à votre portefeuille
Yahoo
23-05-2025
- Business
- Yahoo
Here's Why Hold Strategy Is Apt for Southern Company Stock Now
Southern Company SO, a prominent entity in the U.S. utilities sector, plays a crucial role in the generation, transmission and distribution of electricity. Through its subsidiaries, the company provides electricity to millions of customers across Georgia, Alabama and Tennessee. Its diverse energy portfolio includes power generation from nuclear, coal, hydro, solar, wind and advanced battery storage. Focused on embracing the future of energy, Southern is investing heavily in natural gas, renewable resources and innovative solutions like microgrids, with the aim of steering the energy sector toward sustainability. With such a wide-ranging mix of assets, Southern is in a strong position to lead the charge toward cleaner energy alternatives. Around 90% of the company's earnings are derived from state-regulated electric and gas utilities, ensuring a stable, low-risk income stream for investors. This stable income, combined with its vast infrastructure and large market presence, sets Southern's standing in the U.S. energy landscape. For those considering an investment in Southern, a key question is whether it is the right time to buy or simply hold on to their current shares. With a strong reputation in the utilities sector and an impressive range of energy assets, it is no surprise that many investors are interested in what the future holds for SO stock. While the company offers considerable growth potential, it also faces challenges that could affect its valuation in the short run. Let us explore the factors that are currently boosting Southern stock and the potential risks that could concern investors. Focus on Affordability and Customer-Centric Model: Southern emphasizes balancing reliability with affordability, a key factor in attracting large-load customers like data centers. The newly approved Georgia tariff framework provides contract clarity for data centers, ensuring long-term revenue stability without overburdening residential customers. Robust Economic Development and Load Growth: The company highlighted a substantial pipeline of more than 50 GW in potential incremental load by the mid-2030s, with 10 GW already committed. Data center demand grew 11% year over year and industrial development, such as Hyundai's plant in Georgia, supports long-term growth. The Southeast's economic resilience and population growth further strengthen Southern's outlook. Digital Transformation and Grid Modernization: Southern is driving a comprehensive digital transformation by investing in smart grid technologies, advanced digital infrastructure and robust cybersecurity measures. These initiatives aim to boost operational efficiency and enhance the reliability of service for customers. Through its fiber optic subsidiary, Southern Telecom, the company supports the growing needs of data-intensive enterprises, aligning with the rising demand for digital connectivity. By leveraging AI-powered analytics, automating grid operations and strengthening system resilience, Southern is establishing itself as a forward-thinking, technology-enabled leader in the evolving energy sector. Regulatory Support and Constructive Frameworks: Southern benefits from supportive regulatory environments across its service areas. Georgia Power's Integrated Resource Plan ('IRP') and requests for proposals for 13 GW of new energy resources are progressing, with key filings expected in July 2025. The company's ability to recover investments through rate cases and fuel cost mechanisms provides earnings stability. Dividend Growth and Shareholder Returns: The board approved an 8-cent per share annual dividend increase, marking the 24th consecutive yearly hike and 78 years of uninterrupted payouts. This consistent dividend growth, along with a manageable payout ratio of 60, reflects management's confidence in cash flow sustainability and highlights SO as a strong option for income-focused investors. Regulatory and Political Uncertainty: Upcoming Georgia Power rate cases and IRP approvals in July 2025 present regulatory risk, particularly during an election year. Delays or unfavorable rulings regarding cost recovery (e.g., for storms or fuel) could impact earnings. Potential federal policy shifts, such as changes to IRA tax credits, add to uncertainty. Exposure to Natural Gas Price Volatility: Natural gas remains a significant revenue source for Southern, but price volatility can affect profit margins and earnings stability. While many contracts allow the company to pass fuel costs on to customers, sharp price increases may attract heightened regulatory oversight. Moreover, the growing momentum toward electrification and potential policy constraints on natural gas infrastructure present long-term challenges to the company's investments in distribution and pipeline assets. Tariff and Supply-Chain Pressures: Tariffs on imported materials (e.g., solar panels, steel) may raise capital costs by 1-3%. While some mitigations exist (e.g., USMCA compliance), prolonged trade tensions or supply-chain disruptions could delay projects or compress returns. Execution Risks in Large Load Pipeline: Although the 50+ GW load pipeline is impressive, only a portion is likely to materialize. Speculative projects, permitting delays or customer pullbacks (e.g., in the data center sector) could reduce growth projections. Management's cautious tone reflects an awareness of this risk. Stock Performance Is a Concern: SO's share price has increased 8.9% year to date. However, this performance lags behind the broader Electric Power sub-industry, which has gained 9.8%, and the overall sector, up 9.3%. Compared with its peers in the sub-industry, SO has underperformed. For instance, Enel Chile S.A. ENIC, CenterPoint Energy CNP and DTE Energy DTE have posted year-to-date gains of 27.8%, 17.3% and 12.7%, respectively. This relative underperformance may reflect investor concerns and could weigh on SO's valuation going forward. DTE Energy's diversified clean energy strategy and CenterPoint Energy's robust investment in grid modernization have contributed to their impressive stock performance. Similarly, Enel Chile S.A. benefits from the growing renewable portfolio in South America, strengthening its appeal among sustainability-focused investors. Image Source: Zacks Investment Research Southern has a strong growth outlook, driven by its focus on affordability, customer-centric models and investments in digital transformation and grid modernization. The company benefits from supportive regulatory environments and a substantial pipeline of economic development, particularly in the Southeast, where data center demand and industrial growth are increasing. Additionally, consistent dividend growth reflects its financial stability and appeal to income-focused investors. However, the company faces risks, including regulatory uncertainty around upcoming rate cases, exposure to natural gas price volatility and potential supply-chain pressures due to tariffs. Its execution risks in large load pipeline plans also pose risks and recent stock performance has lagged behind industry peers, which may reflect investor concerns. Given this mix of strengths and potential challenges, investors should wait for a more opportune entry point instead of adding this Zacks Rank #3 (Hold) stock to their portfolios. Investors should also monitor the progress of competitors like Enel Chile S.A., CenterPoint Energy and DTE Energy, each of which presents unique growth opportunities within the evolving global utility landscape. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Company (The) (SO) : Free Stock Analysis Report DTE Energy Company (DTE) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report Enel Chile S.A. (ENIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
21-05-2025
- Business
- Business Insider
Southern Company prices upsized $1.45B convertible senior note offering
Southern Company (SO) announced the pricing of $1.45 billion in aggregate principal amount of its Series 2025A 3.25% Convertible Senior Notes due June 15, 2028 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, reflecting an upsize of $200 million over the previously announced offering size. Interest on the Convertible Notes will be paid semiannually at a rate of 3.25% per annum. The Convertible Notes will have an initial conversion rate of 8.8077 shares of Southern Company's common stock per $1,000 principal amount of the Convertible Notes (which is equal to an initial conversion price of approximately $113.54 per share of common stock), representing an initial conversion premium of approximately 25% above the last reported sale price of Southern Company's common stock on May 20, 2025. Confident Investing Starts Here:
