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


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.

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  • 24194003
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    "Terms aren't disclosed"

     

    I hope to heck EXC has got a solid guarantee should the units break down and/or Bloom goes into default.
    29 Jul 2014, 12:11 PM Reply Like
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