33 Diverse Businesses Graduate ComEd Energy Efficiency Service Provider Incubator

Rhea-AI Summary

ComEd has graduated 33 diverse contractor businesses from its Energy Efficiency Service Provider (EESP) Incubator program, aimed at enhancing energy efficiency and supporting minority-owned, woman-owned, and veteran-owned firms across northern Illinois. Since 2019, the program has assisted 66 contractors, enabling them to save energy for 139 local residents and businesses. ComEd's initiatives have resulted in energy savings of over 56 million megawatt hours and $6.7 billion in customer savings, while collectively reducing carbon emissions significantly.

Positive

• Graduated 33 diverse contractor businesses, enhancing community engagement and business growth.
• Program has helped 66 contractors, who saved energy for 139 clients.
• Energy Efficiency Program has saved customers over 56 million megawatt hours and $6.7 billion.

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• None.

Since 2019, 66 graduates have helped 139 northern Illinois residents and businesses save money and energy

OAK BROOK, Ill.--(BUSINESS WIRE)-- To expand energy efficiency while helping diverse businesses across northern Illinois grow, ComEd today announced the graduation of 33 minority-owned, woman-owned, veteran-owned and other contractor businesses from the ComEd Energy Efficiency Service Provider (EESP) Incubator program. ComEd marked the occasion with a graduation ceremony today in Oak Brook, Ill.

The EESP Incubator Program offers participants education and training on ComEd's energy efficiency portfolio offerings; provides one-on-one assistance with certification applications, business growth plans and building relationships with project financing lenders; and identifies, addresses, and resolves barriers to building a successful business in the energy efficiency field. Participants will also have the opportunity to be matched with an experienced mentor for additional peer-to-peer support.

“For ComEd, powering lives is more than delivering electricity to our customers,” said Gil C. Quiniones, CEO of ComEd. “It’s about supporting the region’s workforce and economy through utility-driven, clean-energy innovation and opportunities. The success of our customers and communities will always be at the center of everything we do here at ComEd.”

ComEd created the EESP Incubator Program in 2019 to focus on recruiting diverse contractor businesses and to support the development of all interested contractors. After graduation, contractors are eligible to join the EESP network and, once accepted, provide ComEd Energy Efficiency Program incentives to customers and grow their businesses through the successful completion of energy efficiency projects.

One participant’s story

To address the barriers often faced by diverse contractor businesses, ComEd saw an opportunity to develop programs to support these local businesses, especially those whose employees are trained as lighting, HVAC or general contractors.

Ramon Hayes is a 2019 Incubator program alumnus and owner of South Holland, Ill.-based Eco-Energy Solutions, a service-disabled, veteran-owned business. Prior to participating in the program, Hayes relied on a small client base and single contract to keep his business doors open. The Incubator team, through one-on-one sessions, assisted Hayes in developing a business growth plan and provided opportunities to enhance his networking abilities.

“The Incubator program was really instrumental in allowing me networking opportunities and in putting me in front of major players in the energy-efficiency space,” said Hayes. “It’s actually really simple. There is no way I would be doing the volume of business that I am doing, had I not gone through the Incubator program.”

Hayes now mentors current Incubator cohort members in energy efficiency project best practices.

Eco-Energy Solutions is one of 66 contractor businesses that have participated in ComEd’s EESP Incubator. Of those participants, 51 have joined the EESP Network and, to date, have submitted 139 energy efficiency projects to ComEd. Many of those projects are located in communities of need which aligns with ComEd’s vision for a clean energy future for all communities it serves, but especially for those most vulnerable to the impacts of climate change.

Over the years, the ComEd Energy Efficiency Program has increasingly helped customers of all kinds reduce their energy bills and consumption, which also helps reduce dependence on fossil fuels. Since its inception in 2008, the ComEd Energy Efficiency Program has provided impactful contributions toward Illinois’ clean energy future. Specifically, the ComEd Energy Efficiency Program has:

• saved ComEd customers more than 56 million megawatt hours of energy usage and a total of $6.7 billion on their electric bills.
• reduced carbon dioxide emissions by more than 61 billion pounds, the equivalent of taking six million cars off the road for one year.
• issued more than $1.5 billion in incentives, allowing northern Illinois customers to reinvest in their homes, businesses and communities.

For more information, visit ComEd.com/WaysToSave.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

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ComEd Media Relations

312-394-3500

Source: ComEd