Constellation & Bloom Energy to Develop 40 Megawatts of Fuel Cell Projects for Commercial & Public Sector Customers in Four S...
August 12 2015 - 09:00AM
Business Wire
Second partnership deal between the companies
provides customers with dedicated on-site generation and options
for competitive gas and power supply
Constellation, a subsidiary of Exelon Corporation, and Bloom
Energy today announced an agreement to develop 40 megawatts (MW) of
Bloom Energy fuel cell projects for commercial and public sector
customers in California, Connecticut, New Jersey and New York.
Under the agreement, Constellation will provide equity financing
and own a majority equity interest in Bloom Energy Servers at more
than 170 sites for customers, including AT&T, the City of
Hartford, Conn., and Walmart among others. The projects require no
upfront capital from customers, who will purchase the power
generated by the fuel cells under 15-year power purchase
agreements.
“Bloom Energy and Constellation are ideally suited to work
together to deliver reliable and cost-effective energy solutions to
customers,” said Bill Thayer, executive vice president of sales at
Bloom Energy. “This new portfolio continues to extend the benefit
of Bloom’s technology to a wider range of customers.”
“Walmart currently has more than 40 installations with Bloom
Energy, and through this partnership with Constellation, we are
looking forward to expanding our Bloom deployments into new
territories,” said David Ozment, senior director of energy at
Walmart.
Hartford Mayor Pedro E. Segarra said, “The City of Hartford
benefits from this partnership by creating Connecticut’s first
public-private microgrid. It will ensure that essential services in
our Parkville neighborhood, including an elementary school, senior
center, library branch, gas station and supermarket, remain
operational during power outages. Utilizing fuel cells also
provides power in a cost effective manner while increasing
Hartford’s use of clean energy sources.”
The portfolio of customer projects builds on Exelon’s 2014
equity investment in 21 megawatts of Bloom Energy Servers and
supports the growth of Constellation’s distributed energy business,
which has more than 300 megawatts of assets in operation or under
development.
“This next step in our alliance with Bloom Energy enables
customers to achieve their business objectives around energy
supply,” said Gary Fromer, senior vice president of distributed
energy at Constellation. “As a competitive energy supplier and a
strong advocate of customer choice and innovation, Constellation
aims to provide flexibility and support for our customers who
require distributed generation and other dedicated energy
technologies as part of their overall energy strategy.”
Through Constellation, customers of these projects also have the
option to lock in competitive fixed rates for natural gas and
electricity supply, and to implement energy conservation measures
and other distributed energy options such as solar.
Constellation and Bloom Energy plan to complete the
installations in phases by the end of 2016. When completed, the
fuel cells will produce enough electricity to power the equivalent
of more than 32,000 homes each year.
Market-leading Bloom Energy Servers use solid oxide fuel cell
technology to produce electricity from natural gas. Commercial
enterprises, universities, hospitals and government agencies
interested in the Bloom Energy full-service solution may contact
Bloom Energy at info@bloomenergy.com or Constellation at
1-888-635-0827.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services for homes and
businesses across the continental United States. Constellation's
family of retail businesses serves more than 2.5 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's
leading competitive energy provider, with 2014 revenues of
approximately $27.4 billion, and more than 32,000 megawatts of
owned capacity comprising one of the nation's cleanest and
lowest-cost power generation fleets. Learn more at
www.constellation.com or on Twitter at @ConstellationEG.
About Bloom Energy
Bloom Energy is a provider of breakthrough solid oxide fuel cell
technology generating clean, highly efficient onsite power from
multiple fuel sources. Founded in 2001 with a mission to make
clean, reliable energy affordable for everyone in the world, Bloom
Energy Servers are currently producing power for many Fortune 500
companies including Google, Wal-Mart, AT&T, eBay, Staples, The
Coca-Cola Company, as well as notable non-profit organizations such
as Caltech and Kaiser Permanente. Also, with its Mission Critical
Systems practice, Bloom Energy provides grid-independent power for
critical loads in data centers and manufacturing. The company is
headquartered in Sunnyvale, California. For more information,
visit www.bloomenergy.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150812005259/en/
ConstellationKelly Biemer,
410-470-9700kelly.biemer@constellation.comorBloom EnergyAlanna
Gino, 408-543-1742alanna.gino@bloomenergy.com
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