Exelon, Bloom Energy to provide distributed power to commercial customers

Sponsored by

Exelon Corp. will provide equity financing for 21 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.

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’s partnership with Bloom Energy builds upon the distributed generation business of Exelon unit Constellation, a competitive retail supplier of energy products and services. The business unit develops, owns and operates distributed generation for retail customers, including onsite solar power, emergency generation and cogeneration. 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.

Exelon and Bloom Energy plan to complete the installations in phases over the next year. When completed, the fuel cells will produce enough clean, reliable electricity to power the equivalent of more than 11,000 homes each year.

Bloom Energy Servers use solid oxide fuel cell technology to produce electricity from natural gas. They rely upon an efficient electrochemical process that results in far fewer carbon emissions than other traditional power generation methods.

Terms of the transaction were not disclosed. Credit Suisse was Exelon’s financial adviser, and Morgan Stanley advised Bloom on its partnership with Exelon.

Sponsored by

Most Popular Articles


CURRENT MAGAZINE ISSUE

September 2014
Volume 18, Issue 8
file

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

There is no current content available.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Meter Socket Jumpers - Perfect for Submetering Applications

AEP’s Meter Socket Jumper offers a safe and easy means of bypassing a meter socket. The Socket Jumper can be used with either Ringless or Ring style Meters.

Meter Socket Converter

AE Product’s Meter Socket Converter (CNV) converts various Meter Forms to fit the desired application. 14S, 15S or 16S Socket to accept 2S Meter. Optional features available.

Service Disconnect Adapter with Electronic Meter Energizing

AEP’s Service Disconnect Adapter disconnects customer load but maintains power to the electronic meter. The meter maintains reading and communications links for AMR/AMI operations while only disabling the load side.