ComEd Completes New Elk Grove Substation to Support Continued Growth of Illinois’ Technology Sector

Rhea-AI Summary

ComEd has completed a new substation expansion in Elk Grove, Illinois, enhancing power capacity for data centers in the region. This development supports the growth of high-tech industries, particularly in Elk Grove Technology Park and the greater Western O’Hare area. The expanded infrastructure aims to boost economic growth, job creation, and energy reliability. The Chicago region ranks second globally for data center growth opportunities, with ComEd's investments positioned to cater to this demand.

Positive

• Completion of a new substation expansion in Elk Grove, enhancing power capacity.
• Supports growth of high-tech industries, particularly data centers.
• Investment in infrastructure expected to boost local economic development and job creation.
• Chicago region ranked No. 2 globally for data center growth opportunity.

Negative

• None.

Five-acre facility part of long-range plan to meet growth of area data centers

CHICAGO--(BUSINESS WIRE)-- ComEd today announced the completion of an expansion project at a new substation in Elk Grove, Ill. that is part of a long-range plan to provide more power capacity that will support future growth and operation of data centers in the region, including Elk Grove Technology Park and the greater Western O’Hare real estate market area.

“ComEd’s industry-leading reliability is critical to business growth, particularly data centers and other high-tech industries, and we are privileged to work with Elk Grove Village and the state of Illinois to create the infrastructure that will enable continued economic growth in communities,” said Diana Sharpe, vice president of economic and workforce development for ComEd. “Investments in our infrastructure are investments in northern Illinois’ economy, paving the way for jobs, private sector investment and local economic development while enhancing energy reliability and performance.”

The strength of ComEd’s reliability, innovation and Illinois’ competitive electricity supply market and access to renewable energy options are key factors in the growth of data centers. Robust fiber optic networks, fresh water and new tax incentives also contribute. The new, state-of-the-art substation expands capacity of both transmission and distribution systems, bringing increased high voltage support and digital intelligence to the area.

“Elk Grove remains one of the most desirable data center locations in the Chicagoland market, and technology companies are continually evaluating expansion plans in the area,” said Elk Grove Village Mayor Craig B. Johnson. “ComEd’s expanded electricity capacity here provides businesses the confidence that power requirements will continue to be met for years to come.”

Data centers – and the technology sector as a whole – remain a large growth segment for ComEd and northern Illinois. In a recent report by Cushman and Wakefield, the Chicago region was ranked No. 2 globally for data center growth opportunity based on standards such as low land costs, reliable utilities, and available tax incentives. ComEd has made significant investments in infrastructure to support these energy-intensive facilities, including another expanded substation in Itasca, Ill.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006046/en/

ComEd Media Relations

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Source: ComEd

FAQ

What is the recent expansion project by ComEd in Elk Grove, Illinois?

ComEd completed a substation expansion in Elk Grove to enhance power capacity for data centers.

How does ComEd's expansion impact the economy in northern Illinois?

The expansion supports economic growth and job creation by providing reliable power for high-tech industries.

What key factors contribute to data center growth in the Chicago region?

Low land costs, reliable utilities, available tax incentives, and infrastructure investments by ComEd.

Which company owns ComEd and what is its stock symbol?

ComEd is a unit of Exelon Corporation, which trades under the stock symbol EXC.