Exelon - EXC STOCK NEWS

UScellular has received $868,000 in incentive payments from the ComEd Energy Efficiency Program. Since joining in 2013, UScellular has upgraded operations at its Schaumburg, Ill. data center, saving around $700,000 annually on electric bills. Notable upgrades include replacing UPS infrastructure and switching to LED lighting. These improvements yield savings of nearly 8 million kilowatt hours of electricity per year, equivalent to reducing 6.8 million pounds of carbon emissions and removing 670 cars from the road.

ComEd highlights the opening of the Low-Income Home Energy Assistance Program (LIHEAP) application season on September 1. In fiscal year 2022, $8.3 billion in federal funding is available to assist income-eligible customers with energy bills. ComEd encourages immediate action for those needing assistance, offering various options, including a one-time LIHEAP grant based on household size and income. In 2021, ComEd connected over 225,000 customers to $146 million in assistance. More details are available on their website.

ComEd and CloudHQ have announced the groundbreaking of a $2.5 billion hyperscale data center campus in Mount Prospect, Illinois. Encompassing 1.5 million square feet, this facility aims to enhance the region's data center capacity and create hundreds of jobs by 2024. This project marks the eighth data center initiative in the area within the last year, showcasing ComEd’s commitment to supporting growing technology needs. The completed campus will provide over 100 permanent jobs and 3,000 construction jobs, contributing significantly to local investment and economic growth.

STEER Holdings Inc., a subsidiary of Facedrive Inc. (TSXV: FD, OTCQX: FDVRF), has signed an agreement with Enterprise Fleet Management to lease over 1000 electric vehicles valued between $80 and $150 million (USD). This strategic move supports STEER's plans for growth and U.S. expansion within the EV subscription market. The partnership aims to meet rising consumer demand for flexible, eco-friendly mobility solutions, capitalizing on the tight supply of EVs.

ComEd and Openlands announced $10,000 grants to 23 organizations through the 10th annual Green Region Program aimed at enhancing climate resilience in northern Illinois. Since its inception, the program has allocated over $1.9 million, funding projects that have planted over 38,000 trees and improved more than 1,400 acres of land. This year's initiatives focus on pollinator habitats and protecting species like butterflies and bees. The program illustrates ComEd's long-standing commitment to sustainability and improving community green spaces.

Exelon (Nasdaq: EXC) has welcomed President Biden’s signing of the Inflation Reduction Act. The company emphasizes its commitment to investing in the clean energy transition, focusing on innovative solutions for reliable energy delivery. The act is expected to provide substantial resources to support the clean energy sector, enhancing efforts towards a cleaner grid.

ComEd celebrated the graduation of its sixth class from the Tools of the Trade program, which trains high school students in trades and clean energy careers. Over seven weeks, 25 students learned about the energy sector through hands-on projects and professional development at ComEd's training centers in Chicago and Rockford. Since its launch in 2016, 108 students have graduated from the program, with 76% of the latest cohort being minorities. The program aligns with ComEd's commitment to workforce development and aims to fill the anticipated 2,000 new utility jobs in the Midwest within the next three years.

ComEd has extended the application deadline for its $1.8 million Climate Friendly Grant Assistance program to August 19, 2022. The program will award grants up to $450,000 each to four eligible nonprofit organizations in northern Illinois. These nonprofits must support diversity and provide clean energy-focused assistance to limited-income customers. ComEd aims to alleviate economic pressures and enhance clean energy access to its community, reflecting its long-standing commitment to supporting local organizations.