We use the Blanchfield form to obtain a lower bound on the equivariant slice genus of a strongly invertible knot. For our main application, let K$K$ be a strongly invertible genus one slice knot with nontrivial Alexander polynomial. We show that the equivariant slice genus of an equivariant connected sum #nK$\#^n K$ is at least n/4$n/4$. We also formulate an equivariant algebraic concordance group, and show that the kernel of the forgetful map to the classical algebraic concordance group is infinite rank.