Exelon to provide equity finance for 21 MW of Bloom Energy fuel cell projects

|About: Exelon Corporation (EXC)|By:, SA News Editor

Exelon (EXC -1%) says it will provide equity financing for 21 MW of Bloom Energy fuel cell projects at 75 commercial facilities in California, Connecticut, New Jersey and New York, in a deal that shows the growing interest in fuel cell generators.

The power buyers include new and repeat blue-chip customers, such as AT&T, which will use the fuel cells to power operations at nine sites.

EXC and Bloom plan to complete the installations in phases over the next year; when completed, the fuel cells will produce enough clean electricity to power the equivalent of more than 11K homes each year.

Terms of the transaction are not disclosed.