Northwestern University and Exelon Establish Partnership for Clean Energy Innovation
May 16 2016 - 10:39AM
Business Wire
Multi-year program to accelerate bringing new
technologies from lab to market
Northwestern University, its Institute for Sustainability and
Energy at Northwestern (ISEN), and Exelon Corporation announced
today the formation of a five-year strategic research partnership
focused on clean energy innovation.
“We couldn’t be more excited about this important alliance,”
said Michael R. Wasielewski, ISEN’s executive director. “Scaling
basic discovery energy science for systems-level innovation is a
tremendous bottleneck for academia and industry alike. Leading
energy companies at the cutting-edge of our electric power grid,
like Exelon, are ideal partners for Northwestern and its entire
research enterprise.”
The Northwestern-Exelon Master Research Agreement will provide
for an initial five-year period of research around a robust project
portfolio, including grid management and resilience, energy storage
and renewable technologies.
“With the energy landscape evolving faster than ever, Exelon is
building relationships with top research centers to create an
ecosystem for advancing energy technology and ingenuity,” said
Chris Crane, Exelon president and CEO. “This partnership brings
together Exelon’s industry and market expertise with Northwestern’s
deep research capabilities. It is an important step in our work to
uncover and bring to life the very latest innovations that can
benefit our company, our customers and the communities we
serve.”
The partnership is designed to streamline the process for
evaluating, testing and scaling scientific discoveries made in
Northwestern labs for commercial use. Discoveries in research could
have immediate and tangible implications on the way energy is
produced, transmitted and consumed in the United States.
“Future sustainability and energy solutions lay at the
intersection of science, policy and economics,” said Jay Walsh,
vice president for research at Northwestern. “ISEN is ideally
positioned to lead Northwestern’s interdisciplinary commitment to
these global challenges. This innovation-focused partnership with
Exelon allows both organizations to capitalize on the tremendous
scope of opportunity that exists as we transition to a 21st-century
grid.”
Northwestern has several active “master” agreements in areas of
strategic importance for the University. The agreement with Exelon
is the first with an electric power company.
The Institute for Sustainability and Energy at Northwestern
(ISEN) advances global energy and sustainability solutions through
transformational research, interdisciplinary education, and public
engagement.
Exelon Corporation (NYSE: EXC), now including the Pepco Holdings
utilities, is the nation’s leading competitive energy provider,
with 2015 revenues of approximately $34.5 billion. Headquartered in
Chicago, Exelon does business in 48 states, the District of
Columbia and Canada. Exelon is one of the largest competitive U.S.
power generators, with more than 32,700 megawatts of owned capacity
comprising one of the nation’s cleanest and lowest-cost power
generation fleets. The company’s Constellation business unit
provides energy products and services to approximately 2 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Follow Exelon
on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20160516006101/en/
Megan FellmanNorthwestern
University847-491-3115fellman@northwestern.eduorPaul AdamsExelon
Corporate
Communications410-470-4167paul.adams@constellation.com
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