Press release
ComEd Awards Nearly $250,000 in Scholarships for Illinois Students Pursuing Future Careers in STEM
Future of Energy Scholarship Fund enters its second year, with 47 awards to help remove barriers to college degrees in STEM CHICAGO--(BUSINESS WIRE)-- ComEd
About this update from Exelon Corporation
[{"type":"text","content":"\nFuture of Energy Scholarship Fund enters its second year, with 47 awards to help remove barriers to college degrees in STEM\n\n\n CHICAGO--(BUSINESS WIRE)--\nComEd today announced it has awarded $247,500 in scholarships to 47 local students pursuing a college degree in science, technology, engineering, or math (STEM) this upcoming school year. Through the Future of Energy scholarship program, ComEd offers awards of up to $10,000 each with a goal of supporting more diverse, local students in pursuing education in STEM, which is increasingly important due to the clean energy transition underway in Illinois and around the country.\n\n\nSince its launch in 2022, the ComEd Future of Energy Scholarship has awarded nearly $640,000 to 115 local students. Expanding opportunities for area youth to pursue STEM degrees is critical to ComEd’s work to establish a diverse, qualified talent pipeline that is prepared to support the power grid and the growing number of clean energy jobs that will be created in the years ahead. A recent study commissioned by ComEd projects that 150,000 new jobs in Illinois could be added by the year 2050 as a result of the clean energy transition.\n\n\n“At ComEd, we know that today’s youth will play a critical role in addressing tomorrow’s challenges and opportunities, including a growing demand for skilled talent to support our transition to a cleaner future,” said Gil Quiniones, CEO of ComEd. “Through the Future of Energy Scholarship, ComEd is expanding equitable opportunities for our youth, so that more women and persons of color can be a part of the exciting work to modernize the grid and create a cleaner, brighter future for our communities.”\n\n\nThe 2023 ComEd Future of Energy scholarship winners reflect a high level of diversity, with 95 percent new awardees identified as people of color or women. This fall, 12 percent of the first-time scholars are poised to attend a Historically Black College or University (HBCU) across the country. New to the program this year is renewal scholarships, through which, 22 current FOE scholars have earned a scholarship for the second year that will cover a portion of their college tuition and renewable expenses. The program continues to prioritize candidates based on need by reserving over 80 percent of new awards for families who earn an annual income of $99,000 or less....