09/12/2024 | Press release | Distributed by Public on 09/12/2024 13:18
Exelon is the nation's largest utility company, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities - Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco.
Exelon is proud to share how our culture of innovation is advancing across the company and pushing forward innovative solutions - all while creating sustainable value that's building the energy delivery systems of the future.
Below are two key innovative ways that Exelon is optimizing grid operations with electric vehicles (EVs) and delivering technological solutions that are powering the future with breakthrough ideas.
This project sits at the intersection of the transportation and energy sectors, where Delmarva Power is collaborating with the University of Delaware and PJM to explore V2G technology.
Delmarva Power is retrofitting four electric vehicles (EVs) from its fleet with bidirectional modular chargers, effectively transforming these vehicles into mobile inverters. This modification allows the EVs to be registered as Distributed Energy Resources (DERs) in alignment with the Federal Energy Regulatory Commission's Order 2222 (FERC 2222), which requires U.S. grid operators to open wholesale energy markets to DERs, including EVs.
Exelon is involved in multiple V2G projects, highlighting the company's efforts in integrating electric vehicles into the grid and addressing the challenges that come with it.
Exelon's Maryland Utilities - Baltimore Gas & Electric (BGE), Potomac Electric Power Company (Pepco), and Delmarva Power & Light (DPL) - are preparing for a significant increase in EVs with projections indicating that nearly two million EVs in our service areas will be demanding more electricity over the next decade. This surge presents potential challenges, as the existing grid infrastructure was not designed to accommodate widespread EV charging.
Each Level 2 charger can effectively double a home's peak demand, and simultaneous charging across multiple homes could cause increased strain on the energy system, leading to accelerated wear and potential failures of distribution assets.
To address these challenges, Exelon launched its Smart Charge Management (SCM) pilot program, funded by the U.S. Department of Energy. This program allows Exelon to directly manage EV charging for participating residential customers.
By utilizing advanced load-balancing algorithms, the SCM program creates customer-centric charging schedules that align with grid needs and will mitigate peak demand strain. The program has achieved a 92% compliance rate among enrolled customers, with 98% of EV charging now occurring during off-peak hours.
Exelon has also exceeded its initial enrollment targets and BGE has approval from the Maryland Public Service Commission to expand SCM into a full-scale program starting in 2025.
Learn more about these SCM programs for our Maryland customers in BGE, Pepco and Delmarva Power & Light:
BGE: https://weavegrid.com/bge
Pepco: https://weavegrid.com/pepco
Delmarva Power & Light: https://weavegrid.com/delmarva
To learn more about Exelon and how we are utilizing innovations to lead the energy transformation click here.