New Exelon deal may force rival utilities to Bloom
Back in April, I wrote post Exelon’s (EXC) Pepco Holdings (POM) merger conference call how it was becoming increasingly apparent that the future of the utility industry is all about the customer experience. On the heels of the Pepco deal, I became more confident in Exelon’s ability to use scale in its operations to invest in infrastructure and system reliability and storm response. Fast-forward to yesterday’s news Exelon is now partnering with Bloom Energy for their on-site fuel-cell power generation systems and it is even more evident that Exelon is truly locked and loaded on its customer, someone with a growing number of more affordable distributed power choices and storage solutions these days.
The deal with Bloom, the first of its kind in the power industry, further highlights the strength in demand for distributed commercial power systems and how important it has become to create better system reliability and provide quicker storm response for customers.
This suggests Exelon just backed its corporate slogan of “Performance that Drives Progress” with action by way of the long-term strategic partnership with Bloom. In the process, Exelon may have also just thrown down a gauntlet to the rest of the utility sector to create a more sustainable future for customers, something that should bode really well for Exelon and perhaps even help create a whole new demand client for Bloom’s clean power systems.
Photo: Some rights reserved by BloomEnergy
// <![CDATA[ !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); // ]]>
