Southern Company

Southern Company is a major energy provider based in Atlanta, Georgia, serving approximately 9 million electric and gas utility customers across several states. The company operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services, and is recognized as one of the largest utilities in the United States. Southern Company generates, transmits, and distributes electricity, owning a diverse portfolio of power generation assets that includes nuclear, fossil fuel, hydroelectric, and renewable energy facilities. With a generating capacity of over 50 gigawatts, the company provides reliable energy services with retail electric prices that are generally lower than the national average. In addition to electricity, Southern Company offers natural gas distribution services and engages in various energy efficiency and utility infrastructure initiatives. The company also has a presence in digital wireless communications, providing various communication services. Established in 1945, Southern Company is committed to customer satisfaction and has been ranked highly for its service quality.

Kimberly S. Greene

Chairman, President and CEO

Mark S. Lantrip

President and CEO

12 past transactions

Blip Energy

Convertible Note in 2022
Blip Energy is a developer of innovative battery energy storage systems designed to address surging peak demand and enhance the efficiency of the power grid. The company offers smart, affordable, plug-and-play solutions that enable users to optimize their energy costs while also providing critical backup power when needed. By leveraging artificial intelligence and a distributed network of Internet of Things (IoT) batteries, Blip Energy's platform facilitates a seamless integration into the smart grid, allowing for drop-in energy management without the typical permitting and installation barriers. This approach not only lowers operating costs for utilities but also supports the broader transition to a sustainable and reliable power infrastructure. Blip Energy's business model emphasizes resilience and cost savings, making it well-suited to meet current energy demands and future grid challenges.

Deuel Harvest Wind Farm

Acquisition in 2021
The Deuel Harvest Wind Farm is a 300-megawatt (MW) wind development scheduled to come online in 2020 in Deuel County, South Dakota.

Station A

Seed Round in 2020
Station A, Inc., established in 2018 and headquartered in San Francisco, specializes in automated clean energy development solutions. Its AI-powered platform analyzes and grades buildings, identifying optimal candidates for clean energy transitions. The platform connects users with a network of clean energy developers, financiers, and installers, streamlining the process of evaluating and deploying clean energy products such as solar, batteries, and energy efficiency measures. By providing market insights, customer connections, and product simulation tools, Station A enables energy users and developers to achieve zero carbon emissions for any building in a cost-effective and transparent manner.

Station A

Pre Seed Round in 2018
Station A, Inc., established in 2018 and headquartered in San Francisco, specializes in automated clean energy development solutions. Its AI-powered platform analyzes and grades buildings, identifying optimal candidates for clean energy transitions. The platform connects users with a network of clean energy developers, financiers, and installers, streamlining the process of evaluating and deploying clean energy products such as solar, batteries, and energy efficiency measures. By providing market insights, customer connections, and product simulation tools, Station A enables energy users and developers to achieve zero carbon emissions for any building in a cost-effective and transparent manner.

Advanced Microgrid Solutions

Series B in 2017
Advanced Microgrid Solutions (AMS) specializes in designing, installing, and managing advanced energy storage systems for commercial, industrial, and government buildings. Based in San Francisco with offices across the U.S., AMS deploys large networks of battery systems in buildings to lower energy costs for consumers and support the electric grid. The company's AI-powered software, SigmaOne, optimizes energy trading and maximizes the value of renewables and energy storage assets. AMS also offers microgrid solutions, enabling clean energy access for households, businesses, and communities. Founded in 2013, AMS operates as a subsidiary of Fluence.

Mankato Energy Center

Acquisition in 2016
Mankato Energy Center is generates electricity from natural gas and geothermal resources.

AutoGrid

Series C in 2016
AutoGrid Systems is a technology company focused on optimizing energy management through advanced data analytics. Founded in 2011 at Stanford University, AutoGrid develops a suite of flexibility management applications that help utilities, electricity retailers, renewable energy developers, and energy service providers manage distributed energy resources (DERs) in real time. By leveraging vast amounts of smart meter, sensor, and third-party data, the company's applications utilize sophisticated algorithms to monitor, predict, optimize, and control the operations of numerous assets connected to global energy networks. With a team of skilled software architects, engineers, data scientists, and energy experts, AutoGrid aims to address critical energy challenges by integrating and maximizing the potential of the energy internet, ensuring the delivery of clean, affordable, and reliable energy.

PowerSecure International

Acquisition in 2016
PowerSecure International, Inc. specializes in utility and energy technologies aimed at electric utilities and various commercial, industrial, and institutional customers. The company is recognized for its development of Interactive Distributed Generation (IDG) systems, which feature advanced smart grid capabilities. These systems can forecast electricity demand and efficiently deliver power during peak times, while also offering dedicated electric generation capacity for demand response initiatives. PowerSecure's offerings include renewable energy solutions and energy-efficient lighting technologies, such as its EfficientLights LED products for retail environments and SecureLite area lights for municipalities. Additionally, the company supports electric utilities with maintenance and construction services for transmission and distribution infrastructure, alongside engineering and regulatory consulting services, helping clients manage costs and reduce their environmental impact.

AGL Resources

Acquisition in 2015
AGL Resources Inc. (AGL Resources) is an energy services holding company whose principal business is the distribution of natural gas. AGL Resources operates its natural gas in seven states includes Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee and Maryland. As of December 31, 2011, the Company’s seven utilities served approximately 4.5 million customers. It is involved in several related and complementary businesses. Its retail operations segment serves more than one million retail customers and markets natural gas and related home services to customers in Georgia, Illinois, Ohio, Florida and New York. The Company operates in five operating segments: distribution operations, retail operations, wholesale services, midstream operations, cargo shipping and one non-operating segment-other. On December 9, 2011, the Company completed its merger with Nicor Inc.

Perfect Commerce

Venture Round in 2005
Perfect Commerce is a provider of software-as-a-service (SaaS) spend management solutions and an open supplier network designed for small and medium-sized organizations. The company offers a range of solutions, including PerfectSource, which focuses on effective supply management; PerfectProcure, which manages the procure-to-pay process; and PerfectShop, which enhances visibility of approved goods and services. Additionally, Perfect Commerce features PerfectServices, a sourcing solution that identifies organizational needs and analyzes spending data to create tailored business solutions. The company also operates an Open Supplier Network, facilitating B2B transactions between buyers and suppliers. Its services cater to various industries, including chemicals, retail, energy, financial services, healthcare, hospitality, food products, education, manufacturing, technology, and transportation.

Utility Associates

Series C in 2000
Utility Associates, Inc. is a company that specializes in providing advanced software solutions and hardware for law enforcement, transportation agencies, and utility services. Founded in 2000 and based in Decatur, Georgia, the company offers a range of products, including body-worn and in-car cameras, mobile routers, and multimedia evidence management systems. Notable products include the Rocket IoT platform, which automates evidence gathering and enhances situational awareness, and AVaiL, a command and control application that delivers real-time tracking of mobile operations. Additionally, Utility Associates provides tools such as Smart Holster, which activates cameras automatically when a firearm is drawn, and Smart Patrolling for license plate recognition. The company also supports mobile resource management with solutions that integrate various data systems to optimize field operations, ensuring effective communication and connectivity for personnel and equipment in real-time.

Utility Associates

Series B in 2000
Utility Associates, Inc. is a company that specializes in providing advanced software solutions and hardware for law enforcement, transportation agencies, and utility services. Founded in 2000 and based in Decatur, Georgia, the company offers a range of products, including body-worn and in-car cameras, mobile routers, and multimedia evidence management systems. Notable products include the Rocket IoT platform, which automates evidence gathering and enhances situational awareness, and AVaiL, a command and control application that delivers real-time tracking of mobile operations. Additionally, Utility Associates provides tools such as Smart Holster, which activates cameras automatically when a firearm is drawn, and Smart Patrolling for license plate recognition. The company also supports mobile resource management with solutions that integrate various data systems to optimize field operations, ensuring effective communication and connectivity for personnel and equipment in real-time.
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