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Constellation, Bloom Energy to Develop 40 MW of Fuel Cell Projects
Constellation announced an agreement to develop 40 megawatts (MW) of Bloom Energy fuel cell projects for commercial and public sector customers in California, Connecticut, New Jersey and New York.
Under the agreement, Constellation will provide equity financing and own a majority equity interest in Bloom Energy Servers at more than 170 sites for customers, including AT&T, the City of Hartford, Conn., and Walmart among others.
The projects require no upfront capital from customers, who will purchase the power generated by the fuel cells under 15-year power purchase agreements.
The portfolio of customer projects builds on Exelon’s 2014 equity investment in 21 megawatts of Bloom Energy Servers and supports the growth of Constellation’s distributed energy business, which has more than 300 megawatts of assets in operation or under development.
Constellation and Bloom Energy plan to complete the installations in phases by the end of 2016.
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August 12, 2015
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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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