Grundy Reporter

The Exelon Foundation recently awarded $1 million in direct funding through its $20 million Climate Change Investment Initiative (2c2iSM) to 10 startups to develop new technologies to mitigate and build resiliency to the impacts of climate change, the company said in a July news release. 

The Exelon Foundation, the nonprofit philanthropic arm of the Exelon Corporation, formed the initiative to invest directly in projects that address climate change mitigation and build resiliency to health and environmental pressures in under-resourced communities within Exelon’s service area.

“As the nation’s largest producer of carbon-free energy, we understand the important role we must play to help the communities we serve [to] address the environmental and public health impacts of climate change,” Chris Gould, Exelon senior vice president, corporate strategy and chief innovation and sustainability officer, said in the release. “Now more than ever, it’s become clear that real, fundamental change often comes from taking action at the local level. We purposely designed the 2c2i initiative to support early-stage, often-overlooked startups with the potential to make a meaningful, on-the-ground impact on our communities’ climate goals, health and environment.”

The full list of award recipients can be viewed on the news release.

The funds are the first round of yearly awards through the initiative. Applications are now being accepted for year two of the initiative.