Georgia Power commits $5M to e-mobility at UGA

Rhea-AI Summary

Georgia Power Company has announced a significant commitment of $5 million to the University of Georgia (UGA), focusing on electric mobility (e-mobility) initiatives. This donation, the largest in UGA's College of Engineering history, aims to cultivate an e-mobility network, fund scholarships, enhance research, and develop community partnerships. The funds will support a variety of programs, including the Georgia Power E-Mobility Scholarship Fund and the Georgia Power Research Fund in E-Mobility. UGA plans to leverage this investment to expand educational opportunities and strengthen its position in the rapidly growing e-mobility sector, which has seen over $23 billion in investments in Georgia since 2018. This is Georgia Power's second major contribution to UGA, following a $250,000 gift in April 2022.

Positive

• Georgia Power's $5 million gift is the largest single donation in the College of Engineering's history, signaling strong commitment to e-mobility.
• The investment will fund valuable programs including scholarships and research to advance e-mobility technology.
• Supports the development of a skilled workforce necessary for the burgeoning e-mobility sector in Georgia.

Negative

• None.

Gift will create scholarships, support research and build statewide partnerships

ATHENS, Ga., April 21, 2023 /PRNewswire/ -- The field of electric mobility, or e-mobility, is an area of tremendous growth in the state of Georgia. Thanks to a $5 million gift from Georgia Power Company to the UGA College of Engineering, the University of Georgia is aiming to be a leader in e-mobility for years to come.

"The University of Georgia is extremely grateful to Georgia Power Company for their generous investment in our efforts to advance e-mobility through teaching, research, and outreach," said UGA President Jere W. Morehead. "Through our long-standing partnership with Georgia Power, UGA is expanding the educational opportunities available to our students and contributing to the economic development of our state."

Georgia Power Chairman, President and CEO Kim Greene announced the gift at the second annual Electric Mobility Summit hosted by the University of Georgia. The summit brings together leaders in academics, research, industry and government to discuss opportunities and challenges in the e-mobility sector.

"Electric vehicle technology and innovation is already making a positive impact here in our state—from more EVs on the road every day, to the incredible economic growth we see thanks to new jobs and investment being driven by the industry," said Greene. "At Georgia Power, we're committed to helping that growth continue, and we know that having the workforce ready to support it is key. That's why we're proud to partner with UGA to help advance e-mobility on every level, bringing opportunities that will benefit future generations of Georgians for years to come." 

The $5 million gift is the largest single gift in the College of Engineering's history. It will fund an array of programs and opportunities related to electric transportation, from cars and bicycles to aircraft, as well as their accompanying technologies and infrastructure. Through this support, Georgia Power and the university hope to advance the field of e-mobility and ensure the state of Georgia benefits from that advancement.

Georgia Power's gift will be distributed across four areas:

• Cultivation of an E-Mobility Network: UGA's Engineering E-Mobility Fund broadly supports e-mobility initiatives in teaching, research and outreach. Added support here from Georgia Power will, among other benefits, help expand UGA's Certificate in E-Mobility program; increase access of underrepresented and underserved communities to e-mobility opportunities; and help UGA bring together partners from academia, research, industry and communities across the state of Georgia.
• E-Mobility Scholarships: The new Georgia Power E-Mobility Scholarship Fund will create scholarships to support students pursuing UGA's Certificate E-mobility.
• E-Mobility Research: E-mobility research at UGA will be enhanced by the newly established Georgia Power Research Fund in E-Mobility, which may support research on battery technology and design, among other topics.
• E-Mobility Community Partnerships: To ensure the advances UGA makes are shared with all of Georgia, the Georgia Power E-Mobility Community Partnership Fund will provide resources for UGA to use in exploring strategic partnerships with other academic institutions in the state—from four-year institutions to historically Black colleges and universities to technical colleges—as well as communities and industry groups, with an emphasis on underserved and rural communities.

"UGA's position as a flagship university means we are uniquely positioned to capitalize on the significant investments that are occurring in e-mobility in Georgia and transform these investments into benefits for our students and all of our communities," said College of Engineering Dean Don Leo. "My sincere thanks to Georgia Power for their continued partnership."

This is the second gift Georgia Power has made to the university to support e-mobility. In April 2022, the company made a $250,000 gift to create the Georgia Power Electric Mobility Distinguished Professorship, an endowed faculty position in the College of Engineering.

Georgia Power's contributions aim to further advance the e-mobility sector in Georgia, which has grown significantly in recent years. The company's economic development team partners with the state to help attract and retain businesses in Georgia every day. According to the Georgia Department of Economic Development, since 2018, 35 electric-vehicle-related projects have committed more than $23 billion in realized or planned investments in Georgia. Among these are high-profile projects from companies like Rivian, Hyundai Motor Group and SK Battery America.

UGA also has committed resources to support this growth area for the state. Last year, UGA announced its Electric Mobility Initiative, which provides seed funding for new e-mobility projects and brings together thought leaders to discuss innovative approaches to electric mobility across Georgia and the region. The university will soon launch a faculty hiring initiative to recruit 10 leading researchers in the field of electric mobility to its campus.

View original content to download multimedia:https://www.prnewswire.com/news-releases/georgia-power-commits-5m-to-e-mobility-at-uga-301804357.html

SOURCE Georgia Power

FAQ

What is Georgia Power's recent investment in e-mobility at UGA?

Georgia Power has committed $5 million to support electric mobility initiatives at the University of Georgia.

What will the $5 million gift from Georgia Power fund?

The gift will fund scholarships, research, and community partnerships related to e-mobility.

How does Georgia Power's investment impact the e-mobility sector in Georgia?

The investment aims to enhance educational opportunities and foster economic growth in the e-mobility sector, which has attracted over $23 billion in investments since 2018.

Is this the first gift Georgia Power has made to UGA for e-mobility?

No, this is the second major gift; the first was a $250,000 donation made in April 2022.