Empowering Innovation and Sustainability: Exelon’s Investments in Emerging Companies Are Driving Critical Clean Energy and Climate Solutions

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[{"type":"text","content":"\nMeet the Four Companies Reshaping Sustainable Energy Technology and Services in Exelon Communities.\n\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corporation (Nasdaq: EXC), the nation’s largest utility company, has announced the latest companies to receive venture capital investments as part of Exelon’s Climate Change Investment Initiative (2c2i). These companies are leading the way with products, services and technologies that are focused on reversing or mitigating the damage done by climate change, while also working to improve the communities where they operate.\n\n\nEach year through a competitive process, the Exelon Foundation provides equity investments to companies with operations in its service areas that are working toward innovative climate-focused technologies and solutions. In addition to the Exelon Foundation’s $10 million financial investment over a 10-year period, Exelon Corporation will invest up to a $10 million of in-kind support, including mentoring entrepreneurs on ways to access other sources of capital, structure business plans, allocate financial resources and meet regulatory requirements. The 2c2i companies that received investments this year have operated for less than 10 years. Overall, 2c2i companies have gone on to raise more than $266 million in follow-on investments, in turn making a measurable impact on their communities.\n\n\n“At Exelon, we understand the urgent need for climate change solutions and we’re investing in companies we believe can create measurable change,” said Sunny Elebua, Exelon’s Chief Strategy and Sustainability Officer. “The investments that we have made in 2024, together with those made since we launched this program, are going directly to businesses that harness cutting-edge technology and innovative projects. These businesses are driving the energy transformation in the communities where Exelon operates. Together, we’re creating a cleaner, more sustainable future for our customers.”\n\n\nTo qualify for 2c2i consideration, companies must be doing work that will benefit one or more of Exelon’s six regions – Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, Del. Their work must have the potential to do one of the following:\n\n\n\nMitigate greenhouse gas emissions\n\n\n\nBoost the resiliency of urban infrastructure (e.g., the power grid, transportat...

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