Bloom Energy

Constellation and Bloom Energy plan to develop 40 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, Conn., and Walmart among others. Constellation and Bloom Energy plan to complete the installations in phases by the end of 2016.

Exelon agreed to buy fuel-cell power plants with 21 MW of capacity that Bloom Energy plans to install at 75 corporate sites in four states. Commercial customers including AT&T will purchase the electricity for each plant’s ability to provide power locally with less pollution and more reliability than the grid. Fuel cell generators produce electricity where it’s consumed from natural gas through a chemical reaction that produces fewer carbon emissions than plants that burn fuel.