Bloom Energy Partners with Exelon
There currently aren’t any profitable fuel cell companies, but recent moves by Bloom Energy indicate that fuel cells are becoming an important part of the distributed energy equation, according to an article on the Utility Dive website. Exelon recently partnered with the fuel cell manufacturer, announcing that it would provide equity financing for 21 MW of Bloom Energy fuel cell projects at 75 commercial facilities in Calif., Conn., N.J., and N.Y.
As part of the partnership, 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. The deal will support the program’s largest commercial deployment to date.
Exelon and Bloom Energy said they plan to complete the installations in phases over the next year, and once completed the fuel cells will produce enough electricity to power the equivalent of more than 11,000 homes each year.
Constellation Energy, a subsidiary of Exelon, will play a key role in the ongoing management of Exelon’s partnership with Bloom Energy. Constellation has been a player in the distributed generation business since 2007.
According to Exelon, this is the first step in a long-term strategic partnership with Bloom.
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