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Empowering Innovation and Sustainability: Exelon’s investments in emerging companies are driving critical clean energy and climate solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Exelon, Metal Light, ReVert Technologies, Station A, Eion


Exelon Corporation (Nasdaq: EXC), the nation’s largest utility company, has announced the latest companies to receive venture capital investments as part of Exelon’s Climate Change Investment Initiative (2c2i). These companies are leading the way with products, services and technologies that are focused on reversing or mitigating the damage done by climate change, while also working to improve the communities where they operate.

Companies Selected to Receive Investments in 2024:

  • Metal Light (Newark, New Jersey): Metal Light is utilizing the earth’s most abundant materials as circular fuels to allow for clean and sustainable mobile power generation. We seek to replace diesel generators with a quiet metal-air generator that uses low-cost metals to provide power for maritime, freight, and mobile power applications at more than twice the energy density of Li-ion batteries.
  • ReVert Technologies (Brunswick, Maine): ReVert is a technology company focused on energy savings. ReVert’s enterprise software platform leverages smart IoT power adapters, utility grid pricing analytics and machine learning to help companies manage large networks of appliances, saving up to 30% on their electricity bills.
  • Station A (San Francisco, California): Station A is a marketplace reimagining how clean energy is bought and sold. We help customers decarbonize buildings at speed and scale by substantially lowering the cost to evaluate and transact.
  • Eion (Princeton, New Jersey): Eion provides permanent and verifiable carbon removal from the atmosphere by placing special silicate rocks on agricultural fields, using a naturally occurring process called enhanced rock weathering. As the silicate minerals weather, they remove carbon from the atmosphere and alkalize the soil, simultaneously improving soil health and reducing GHG emissions.

Read more at Exelon