ComEd, Richardson Electronics, Ltd. Announce Expansion and Plans to Install Illinois’ Largest Commercial Battery Energy Storage System
ComEd, a unit of Exelon (NASDAQ: EXC), joined Richardson Electronics (NASDAQ: RELL) to announce the manufacturer's expansion and plans to install Illinois' largest commercial battery energy storage system — a 5-MWh demonstration project at its La Fox facility. ComEd is supporting the project through its customer interconnection process and engineering studies, with projects like this eligible for the utility's Distributed Generation Rebate Program, which recently hit a $350 million milestone.
Key figures
- Interconnection rebate
- $300 per kilowatt-hour
- Demonstration project size
- 5-MWh
- Dg rebate program milestone
- $350 million
- Home battery example rebate
- $4,050
AI analysis
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