Constellation and Bloom Energy to Develop 40 Megawatts of Fuel Cell Projects
Second partnership between the companies provides customers with dedicated on-site generation
BALTIMORE and SUNNYVALE, Calif. — Constellation, a subsidiary of Exelon Corp., and Bloom Energy announced an agreement to develop 40 megawatts (MW) of Bloom Energy fuel cell projects for commercial and public sector customers in California, Connecticut, New Jersey, and New York.
Under the agreement, Constellation will provide equity financing and own a majority equity interest in Bloom Energy Servers at more than 170 sites for customers, including AT&T, the city of Hartford, Connecticut, and Walmart among others. The projects require no upfront capital from customers, who will purchase the power generated by the fuel cells under 15-year power purchase agreements.