The Power to Spark Change
The Exelon Foundation is committed to powering a better future including focusing on funding education and workforce development programs, partnerships to provide community-based solutions
and supporting employee philanthropy.
- Energy Empowerment in Comunities
- Support for programs that address climate change with a focus on underserved communities, such as the Climate Change Investment Initiative (2c2i).
- Support for programs that address climate change with a focus on underserved communities, such as the Climate Change Investment Initiative (2c2i).
- Energy Education & Workforce Development
- Support for programs that inspire students to pursue careers in the energy field.
- Support for programs that inspire students to pursue careers in the energy field.
- Employeement Engagment
- Support for employee philanthropy through the Exelon Foundation Employee Giving Campaign, Matching Gifts and Dollars for Doers programs.
About the Exelon Foundation
The Exelon Foundation was founded with a mission to use the power and resources of Exelon Corporation to make the world a better place. As an independent, non-profit philanthropic organization, the Foundation is funded solely by Exelon Corporation through shareholder dollars.
The Foundation's mission is to encourage respect for the environment and to strengthen the social and economic fabric of the community by supporting programs in three areas:
Foundation Team
Paula Conrad
President, Exelon Foundation
Vice President, Corporate Relations
Michelle McConnell
Secretary, Exelon Foundation
Senior Corporate Relations Specialist
Contact Us
Exelon Foundation
10 S. Dearborn Street
Chicago, IL 60603
exelonfoundation@exeloncorp.com
The Climate Change Investment Initiative (2c2i) is a joint commitment between Exelon Corporation and its philanthropic arm, Exelon Foundation, to invest in and cultivate meaningful partnerships with start-ups focused on advancing climate change mitigation, adaptation and resiliency efforts, while also promoting social equality and economic prosperity, in Exelon’s service territories. Apply for 2c2i until September 15, 2025.
2c2i
Through the combined resources of Exelon Foundation ($10 million equity investment commitment) and Exelon Corporation (up to $10 million in-kind service commitment), 2c2i supports innovative start-ups that catalyze solutions to climate change challenges within Exelon’s major market areas, while advancing social equality and economic prosperity.
Upon selection, 2c2i start-ups realize a number of benefits to accelerate their ventures while delivering real-world impact. These benefits include:
- A minimum of $100,000 equity investment from Exelon Foundation
- In-kind services from Exelon Corporation
- Exelon commits to work with each selected start-up on an Impact Project
2c2i Team
Paula Conrad
President, Exelon Foundation
Vice President, Corporate Relations
Sunny Elebua
Senior Vice President Chief Strategy & Sustainability Officer
Faith Davis
Lead, Climate Change Investment Initiative
Our Areas of Impact
2c2i invests in start-ups that operate within the following broad themes:
Frequently Asked Questions
- Sustainability: The extent to which the company demonstrates a clear and measurable tie to either climate change mitigation of GHG emissions and/or adaptation to specific climate change threats in-line with the city climate goals/initiatives.
- Exelon Territories: The extent to which the company is headquartered, operating in, or plans to operate in an Exelon utility market.
- Local Community Connection: The extent to which the company will engage with the local community while reducing climate change impacts and/or increase community resilience.
- Environmental & Social Justice: The extent to which the company addresses climate change needs with a focus on environmental and social
justice populations, including designated disadvantaged and underserved communities
- Leadership Team: The extent to which the company leadership team is comprised of individuals from differing socioeconomic backgrounds and life experiences, and its plans to consider same in building the company’s workforce, including an explicit focus on disadvantaged communities.
- Product: The extent to which the company has an innovative product/service or solution with a clear and differentiated value proposition.
- Market: The extent to which there is a big clearly defined market that creates the opportunity for large impact and returns. (i.e. Megatons of carbon mitigated)
- Team: The extent to which the company has a strong leadership team capable of and committed to executing the company’s vision.
- Traction: The extent to which the company has customers, funding, and/or other indicators inspiring confidence in their ability to achieve stated business plans/goals and can execute on impact initiative with community stakeholders.
- Stage Alignment with 2c2i: The extent to which the company is at an early enough stage where 2c2i financial and in-kind services investment is meaningful.
A minimum equity investment amount of $100,000 and can range up to $300,000.
The Exelon Foundation will make investments utilizing different transaction structures as deemed suitable. Options will include direct common equity,
preference shares, debt and convertible securities including SAFE Notes.
Below are links to the various climate change and sustainability plans by market.
- Atlantic City, NJ
- Baltimore, MD
- Chicago, IL
- Philadelphia, PA
- Washington DC
- Wilmington, DE
Businesses can be located outside of the six markets, but the work needs to impact one of them.
Non-profit organizations are not eligible to apply to the 2c2i program.
Please send any inquiries to exelonfoundation@exeloncorp.com and someone will respond. Questions can also be addressed to
Sara Block at Freshwater Advisors at sara@FreshwaterAdvisors.com.
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September 24, 2024
Eion Raises $3M in Series A Extension | Finsmes -
September 24, 2024
Startups are using ‘rock dust’ to make agriculture carbon friendly | CNBC -
September 10, 2024
Business for Good: Carbon Reform | The Philadelphia Citizen -
April 30, 2024
Can streetlights unlock big city EV charging? This startup thinks so | Canary Media -
November 06, 2023
Cities Are Cleaning Up With Some Help From Public And Private Friends | Forbes -
June 28, 2023
Maryland ranks No. 2 in nation for successful minority entrepreneurs, study says | The Baltimore Banner -
June 13, 2023
Exelon seeks to invest in companies focused on fighting climate change | Chicago Business Journal -
June 13, 2023
Exelon’s 2c2i Program Offers Equity to Climate Change Startups, Open Regionally until mid-September | American Entrepreneurship Today -
June 06, 2023
This Black-owned startup is fixing and learning from broken EV charging stations | CNBC -
February 21, 2023
Exelon Joins $17.5 Million Series A for ChargerHelp! | citybiz
The Exelon Foundation supports innovative math and science education programs which inspire students to pursue careers in the energy field. These programs include The Exelon Foundation STEM Academy, Boys to STEM Academy, Cal Ripken STEM Centers and Energizing Student Potential (ESP).
Powering a better future starts with empowering young people with the knowledge and resources needed to help fuel their dreams and curiosity for science, technology, engineering and mathematics.
Exelon Foundation STEM Academy, Boys to STEM and Chris Crane Memorial Scholarship
The Exelon Foundation STEM Academy and Boys to STEM are designed to inspire and equip the next generation of leaders in STEM fields. In partnership with NEED, the Academies hosts young women and young men in 10th & 11th grades for a week-long curriculum in the Chicago, Philadelphia and Washington DC and Baltimore. The STEM Academies offer a free, week-long curriculum including a series of climate-focused STEM challenges, conversations with leaders in STEM, and mentoring sessions with Exelon employees. The program provides a gateway toward energy career paths that Exelon offers ranging from engineering to cybersecurity and beyond.
Through a competitive scholarship program for current or former attendees of the STEM Academies, the Exelon Foundation awards full scholarships to outstanding students pursuing STEM-related fields at post-secondary institutions through the Exelon Foundation Chris Crane Memorial Scholarship program.
Cal Ripken Sr. Foundation Partnership
The Exelon Foundation launched a partnership with The Cal Ripken Sr. Foundation to bring STEM centers to 81 elementary and middle schools in Exelon’s service areas over the next three years. The Cal Ripken Sr. Foundation has opened over 607 STEM Centers nationwide, gifting children in communities across the country a new access to state-of-the-art technology, hands-on learning experiences, and skill sets essential to the future of STEM.
Energizing Student Potential
The Energizing Student Potential (ESP) program is a collaborative STEM initiative combining classroom activities with a school energy audit by students, a student-run energy fair and an energy-focused STEM challenge. Teacher Training Workshops cover a variety of energy topics including the Science of Energy, Forms and Transformations, Energy Sources, Electricity, Transportation, Climate Science, Energy Efficiency and Energy Careers.
The Exelon Foundation is proud to support Exelon employees in their contributions to worthy causes by supporting employee philanthropy through the Exelon Foundation Employee Giving Campaign and Matching Gifts program.
Employee Giving Campaign
Through the Exelon Foundation Employee Giving Campaign, we match employees' contributions $.50 to the dollar with the match supporting United Way agencies in their local communities.
Matching Gifts Program
The Exelon Foundation Matching Gifts program matches contributions 1:1 made by employees to eligible 501c3 organizations in the United States.
$9.6M+
was contributed to our communities through the Exelon Foundation Employee Giving Campaign and Matching Gifts programs in 2024.