Georgia Power collaborates with Form Energy to create 15 MW, multi-day energy storage systems
Georgia Power and energy storage systems developer Form Energy have joined forces to pursue a project application for up to 15 MW (1,500 MW hours) of multi-day energy storage systems for the utility’s service area.
“At Georgia Power, we know that we must make smart investments and embrace new technologies now to continue to prepare for our state’s future energy landscape,” Chris Womack, chairman, president and CEO of Georgia Power, said. “As we continue to grow our renewable portfolio, we believe that energy storage solutions will play an important role in ensuring our customers continue to have a reliable and resilient electric grid for decades to come. We’re excited to have Form Energy as a partner to help us build on Georgia’s solid energy foundation.”
Form brought to the table an iron air energy storage technology meant to provide greater flexibility and longer durations for storage. Its first offering is a battery capable of delivering electricity 100 hours at system costs deemed competitive with conventional power plants but at 1/10th the cost of more widespread lithium-ion batteries. The battery is front-of-the-meter and can be utilized continuously for several days, adding a touch of reliability and renewable benefits to the larger electric grid.
“We’re very pleased to work with Georgia Power on this important project and to provide a technology solution that will accelerate the transition to a reliable, renewable, and affordable electric grid,” Mateo Jaramillo, CEO and co-founder of Form Energy, said.
Georgia Power is eyeing the new technology to aid its transformation to larger amounts of renewable energy and the retirement of fossil fuel projects in the years ahead. Energy storage projects play a critical part in its 20-year Integrated Resource Plan, which predicts increases to renewable resources all around.
