Exelon fosters energy innovation with a first-of-its-kind partnership.
Exelon and its Constellation business unit are expanding the company's 300 megawatt distributed generation portfolio and leadership through a long-term, strategic partnership with fuel cell maker Bloom Energy.
Constellation and Bloom Energy are installing fuel cells at 170 customer sites from California to Connecticut. Power buyers include business and public sector customers such as AT&T, the City of Hartford, Connecticut and Walmart. This portfolio of customer projects builds on Exelon's initial equity investment in 21 megawatts of fuel cells at 75 Bloom customer locations.
Many installations are already complete, and all of them will be in place by the end 2016. When completed, the fuel cells will produce enough reliable electricity to power the equivalent of more than 43,000 homes each year. "As a strong proponent of customer choice and innovation, Exelon is always looking for ways to support business customers who want to take control of their energy usage," said Chris Crane, president and CEO of Exelon.
Making a resilient, sustainable energy future possible.
Bloom Energy uses solid oxide fuel cell technology to produce electricity from natural gas. The company relies on an efficient electrochemical process that results in fewer carbon emissions than other traditional power generation methods.
Customers save money too. Rather than purchasing equipment directly, customers buy the power generated by the fuel cells from Constellation and Bloom. This saves customers upfront capital and allows them to lock in a portion of their electricity costs over the long-term.
With Exelon's help, this is Bloom Electrons' largest commercial deployment of distributed power to date.