Argonne National Lab and Exelon Launch Research and Development Partnership to Advance Next Generation Energy Technology
October 19 2016 - 9:00AM
Business Wire
Multi-year agreement aims to develop
breakthrough innovations and bring them to market
The U.S. Department of Energy’s (DOE’s) Argonne National
Laboratory and Exelon have formed a five-year cooperative research
and development agreement focused on identifying new technology and
systems that will advance clean energy and contribute to the
development of a next-generation energy grid.
“As the nation’s largest utility company and operator of the
largest clean energy fleet, we have a unique responsibility to
reimagine the energy grid and lead our industry in the exploration,
development and deployment of the next generation of clean, diverse
energy technologies,” said Chris Crane, Exelon president and CEO.
“This partnership allows us to combine Exelon’s industry experts
with the best minds in research to unlock new innovations and bring
them to market for the benefit of our customers and the
environment.”
“I believe this agreement shows the possibilities of bringing
together the best of public science and private industry to make
real breakthroughs that can impact the lives of people,” said
Argonne Director Peter B. Littlewood. “Argonne has long believed in
the power of delivering our groundbreaking science to consumers by
partnering with industry, and it is an honor to have Exelon as one
of those partners.”
The agreement with Argonne is part of Exelon’s companywide
effort to team with government and industry associations, national
labs, top universities, technology companies and venture capital
firms to explore emerging technology that has the potential to form
new businesses and transform the industry.
The agreement combines Exelon’s market knowledge with Argonne’s
broad research and expertise in all phases of energy production and
delivery. The collaboration will further the goal of Argonne and
the U.S. Department of Energy to identify technologies that have
the potential to improve grid reliability, efficiency and
stability, and introduce them to the market where they can have the
greatest benefit to consumers and the public.
Surrounded by the highest concentration of top-tier research
organizations in the world, Argonne partners with hundreds of
scientists and entrepreneurs throughout the region and enhances
Exelon’s access to the Chicago-area’s hub of energy innovation and
development.
“This is a tremendous opportunity to join Argonne’s world-class
research capabilities with the leadership and experience of Exelon
to achieve lab-to-market impact,” said Leah Guzowski, Lead
Principal Investigator for Argonne. “We are confident that this
partnership will yield strong results in realizing a clean energy
future. As a Chicago-based partnership, it also demonstrates our
commitment to be a key contributor to the regional innovation
ecosystem.”
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. 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. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating 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 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20161019005079/en/
Paul AdamsExelon Corporate
Communications410-470-4167paul.adams@constellation.comorGreg
CunninghamArgonne National
Laboratory806-359-1342gcunningham@anl.gov
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