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Grant from Delmarva Power and Exelon Launches Delaware State University’s Renewable Energy Education Center

Montag, 13.02.2017 16:30



DOVER, Del. --(BUSINESS WIRE)--

Exelon and Delmarva Power today announced the opening of Delaware State University’s (DSU) Renewable Energy Education Center, which was made possible by a $720,000 Delmarva Renewable Energy Workforce Development grant provided by the two companies. The grant is among the commitments Exelon made as part of its merger with Pepco Holdings in March of 2016. The $180,000 donation to launch the center is the first installment in a four-year commitment.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170213005096/en/

The Renewable Energy Education Center will help increase access to clean energy and advance the state’s goal to get 25 percent of its electricity from renewable sources by 2025. The center will work to establish the state’s baseline of renewable energy literacy and usage; improve the infrastructure and capacity of renewable energy education, research and extension; and offer certificate programs and credentialing services in renewable energy.

“Exelon and Delmarva Power are committed to supporting innovative programs that help states achieve their renewable energy goals and support workforce development in the communities where we live and work,” said Dave Velazquez, Pepco Holdings president. “Programs like this will play a critical role in preparing our workforce for the clean-energy jobs of tomorrow.”

“This support from Exelon and Delmarva Power enables DSU to further diversify its research portfolio and enhance the work already being done by our faculty scientists and students in the energy field of study,” said DSU President Harry L. Williams. “The establishment of a Renewable Energy Education Center here on campus not only expands the University’s academic possibilities, but also makes DSU an energy education resource and therefore a greater asset to the state of Delaware and beyond.”

Together with Exelon, Pepco Holdings and Delmarva Power are providing Delaware with a package of merger benefits worth more than $45 million, including residential customer bill credits, residential arrearage forgiveness, workforce development funding and energy efficiency program funding for low income customers. In total, the combined companies are delivering a package of direct benefits worth more than $440 million across the Pepco Holdings territories, including Atlantic City Electric in New Jersey, Delmarva Power in Delaware and Maryland and Pepco in Maryland and the District of Columbia. The benefits include steps to make energy more affordable, reliable and sustainable, as well as investments in local jobs and economies.

For more information on Exelon and Pepco Holdings’ merger, go to www.phitomorrow.com.

About Exelon Corporation: Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

About Delmarva Power: Delmarva Power, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 500,000 electric delivery customers in Delaware and Maryland and approximately 129,000 natural gas delivery customers in northern Delaware.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170213005096/en/

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