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Exelon eyes $8B in energy storage, partly to address PJM supply crunch
President and CEO Calvin Butler said the grid operator isn’t adding generation fast enough, but the utility’s plan to invest in energy storage and transmission can help address the issue.
Summary
President and CEO Calvin Butler said the grid operator isn’t adding generation fast enough, but the utility’s plan to invest in energy storage and transmission can help address the issue. Exelon utilities could spend $3 billion to $7 billion building 1.5 GW to 3.5 GW of regulated energy storage, not including a $1 billion, 500-MW project already proposed for New Jersey, company officials said Friday during an earnings call.
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