Exelon Stock Price, News & Analysis

Qnovo, a leader in battery management software, has successfully closed $24M in Series-C financing, led by BorgWarner with participation from OGCI Climate Investments and Constellation Technology Ventures. The funds will be utilized to enhance their software products for electric vehicle (EV) production and stationary grid storage systems. Qnovo's innovative software improves battery performance and safety, addressing critical needs in next-generation vehicles. This investment aligns with the growing demand for sustainable energy solutions.

Constellation, preparing for its separation from Exelon (NASDAQ: EXC), will host an investor and analyst event today to outline its new business strategy. Management will emphasize its role as the largest carbon-free energy producer in the U.S. The separation is anticipated to finalize by February 1. Key highlights include a commitment to a carbon-free future, operational excellence, strong customer relations, and disciplined financial policies. The company aims to achieve 95% carbon-free electricity by 2030 and 100% by 2040, backed by its extensive nuclear fleet.

Exelon Corp (NASDAQ: EXC) hosted an investor event on January 10 to discuss its strategic direction and growth plans post-separation from its Constellation business, effective February 1. The company emphasized a focus on reliable, clean, and affordable energy services for over 10 million customers. Key highlights include projected $29 billion in capital investments through 2025, targeting an 8.1% rate base growth and operating EPS growth of 6-8%. Exelon also introduced adjusted 2022 earnings guidance of $2.18-$2.32 per share, reflecting increased investments at its utilities.

Exelon Corp. (Nasdaq: EXC) announced the formation of Constellation's new Board of Directors, following its separation from Exelon, which is expected to close on February 1. Constellation will become the largest provider of carbon-free energy in the U.S., with shares beginning trading on February 2 under the ticker CEG. The new board, featuring leaders with diverse backgrounds, aims to drive Constellation's strategy toward a clean energy future. Joseph Dominguez will assume the role of president and CEO, succeeding in leadership roles at ComEd and Exelon.

Exelon Corp. (Nasdaq: EXC) has announced virtual investor and analyst events to discuss post-separation strategies for Exelon and Constellation. The Exelon event is scheduled for January 10, 2022, from 12 p.m. CT to 3 p.m. CT. The Constellation event will follow on January 11, 2022, from 7:30 a.m. CT to 11 a.m. CT. Both webcasts can be accessed on www.exeloncorp.com/investor-relations and will be archived for later viewing.

ComEd has successfully completed final testing of a $4 million grant from the U.S. Department of Energy to enhance microgrid technology, crucial for energy security and clean energy integration amid climate challenges. The tests were conducted at the Bronzeville Community Microgrid in Chicago. The microgrid demonstrated operational resilience, disconnecting and reconnecting to the main grid without outages. This project will support over 1,000 customers, including essential public services, driving the utility toward a more sustainable future.

ComEd announced the successful completion of testing for a $4 million grant from the U.S. Department of Energy to enhance energy security through microgrid technology. The Bronzeville Community Microgrid showcased zero outages, demonstrating its ability to operate independently during severe weather. This initiative aims to integrate clean energy and improve grid resilience, directly benefiting over 1,000 customers, including public service agencies. ComEd plans to finalize the installation of Distributed Energy Resources (DER) into the microgrid next year.

ComEd has saved customers over $6 billion through its Energy Efficiency Program since 2008, aiding both residential and business sectors in reducing energy consumption. This initiative has enabled savings equivalent to powering 6.5 million homes for a year and eliminated more than 61 billion pounds of carbon emissions. ComEd’s commitment to delivering clean and affordable energy continues, with suggestions for customers to prepare homes for winter while managing energy costs.