Press release
Exelon Foundation and Exelon Corp. Name Selected Startups in Second Round of Climate Change Investment Initiative
Application process now open for startups addressing climate change in Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, DE
About this update from Exelon Corporation
[{"type":"text","content":"\nApplication process now open for startups addressing climate change in Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, DE \n\n CHICAGO--(BUSINESS WIRE)--\nThe Exelon Foundation and Exelon Corp., the nation’s largest generator of carbon-free energy, have selected nine startups to receive funding to reduce greenhouse gas emissions and mitigate climate change as part of the company’s Climate Change Investment Initiative (2c2i). Now in its second year, the initiative demonstrates the Exelon Foundation’s commitment to support programs that benefit the environment, particularly those in underserved communities, which are disproportionately impacted by climate change. The 2c2i initiative adds to Exelon Corp.’s continuing goal to create a clean, next-generation energy grid, utilizing the innovative approach of impact investing to mitigate climate change.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005644/en/\nThe first cohort of the Exelon 2c2i selected startups have been busy this past year, with projects ranging from Amidus Resilience’s distributed solar installation in Washington, D.C., to the pending deployment of Dynamhex’s map-based decarbonization tool in the Baltimore, Md., region to Greenprint Partner’s rain-friendly, green stormwater mitigation project about to break ground at Sankofa Freedom Academy, a K-12 Charter school in Philadelphia. For a full list of the first 2c2i portfolio, please click here.\n\nThe second round of selected startups to receive funding include:\n\nCambium Carbon \n\nBased in Albuquerque, N.M., Cambium Carbon is a circular economy platform for trees in US cities that connects broken local supply chains through tech to create a new, highly desirable, class of wood called Carbon-Smart WoodTM. They are building a two-sided marketplace where customers can access hyper-sustainable wood, and suppliers have a software-enabled connection to large recurring orders.\n\nClearFlame\n\nWith headquarters in Geneva, Ill., ClearFlame’s patented engine technology enables diesel engines to run on decarbonized liquid fuels without sacrificing performance or practicality, driving the fastest path to true emissions reduction in heavy-duty industry.\n\nClimate Robotics\n\nClimate Robotics leverages advanced robotics ...