Exelon, Bloom Energy Partner to Provide Distributed Power to Commercial Customers

Exelon Corporation announced that it will provide equity financing for 21 megawatts (MW) of Bloom Energy fuel cell projects at 75 commercial facilities in California, Connecticut, New Jersey and New York.

"The power buyers include new and repeat blue-chip customers, such as AT&T, which will use the fuel cells to power operations at nine sites," Exelon said.

"As the first step in a long-term strategic partnership with Bloom Energy, Exelon will finance Bloom Energy projects through Bloom Electrons, a service that allows customers to buy power as a service, rather than purchasing the equipment directly. This is the first investment by an energy company in Bloom Electrons, and it will support the program’s largest commercial deployment to date," Exelon said.

"This partnership with Bloom Energy is an extension of our Constellation business," noted Chris Crane, president and CEO of Exelon

Constellation has been active in the distributed generation business since 2007 and will play a key role in the ongoing management of Exelon’s partnership with Bloom Energy.

Bloom Energy Servers use solid oxide fuel cell technology to produce electricity from natural gas.