Exelon invests in energy innovations through Constellation Technology Ventures.
Constellation Technology Ventures (CTV) was created to drive innovation inside and outside our company, and provide new solutions to our customers.
This venture-investing arm of Exelon supports growth-stage technology companies that have the potential to complement our core businesses or radically change the energy industry.
CTV gives nascent businesses access to Exelon's management expertise and connection to our broad enterprise - the nation's leading competitive energy provider. Not only do we fund and advise energy startups, we also look for ways to deploy their technologies within Exelon and into the marketplace.
Here are just a few companies that CTV has invested in.
Proterra is a world leader in the design and manufacture of zero-emission vehicles that enable bus fleet operators to reduce operating costs and deliver clean, quiet transportation to the community.
Stem is a leader in behind-the-meter energy storage applications, delivering cost savings to customers through peak demand reduction and to utilities through demand response programs. The Stem system combines industry-leading lithium ion batteries with Stem's proprietary software for analyzing and predicting demand. The software then deploys stored energy as needed to flatten a customer's load profile or aggregate resources across the utility's territory for demand response events. Stem learns a customer's energy patterns, delivers power when it matters most and lowers energy bills.
Finally, ChargePoint is an electric vehicle infrastructure company that develops and markets hardware and software solutions for accessing a national network of electric car charging stations. As of June 2015, the ChargePoint network consisted of over 22,000 charging ports and delivered over 10 million charges.
Exelon sees a bright, sustainable energy future. And we're helping it arrive faster.
Once investments are made, CTV's Innovation Accelerator team works with Exelon business units to deploy these new technologies throughout the energy value chain, from energy generation to end-user applications.
Exelon encourages a culture of innovation, and CTV is one important way we do it. In fact, the Innovation Accelerator team also identifies and incubates innovations that are generated by our own employees.
We can't wait to see what happens next.