STOCK TITAN

ComEd Hosting Capacity Map Now Updated Monthly to Enhance Interconnection Process for Solar Developers

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

ComEd has enhanced its hosting capacity map for solar developers, now providing monthly updates with near real-time data. The company received 2,250 new interconnection applications in October, marking the seventh consecutive month with over 2,000 applications. The total for 2023 reached 21,952 applications, an all-time high. ComEd completed 1,976 Distributed Energy Resource systems in October, adding 42 megawatts of generation capacity. Currently, there are approximately 1,160 MW of DER connected to ComEd's system, with projections to reach 2,700 MW by 2030. The company has paid over $48 million in DG rebates this year and expects to pay more than $60 million in 2024.

ComEd ha migliorato la sua mappa di capacità di hosting per sviluppatori solari, ora fornendo aggiornamenti mensili con dati quasi in tempo reale. L'azienda ha ricevuto 2.250 nuove domande di interconnessione a ottobre, segnando il settimo mese consecutivo con oltre 2.000 domande. Il totale per il 2023 ha raggiunto 21.952 domande, un massimo storico. ComEd ha completato 1.976 sistemi di Risorse Energetiche Distribuite a ottobre, aggiungendo 42 megawatt di capacità di generazione. Attualmente, ci sono circa 1.160 MW di DER connessi al sistema di ComEd, con proiezioni per raggiungere 2.700 MW entro il 2030. L'azienda ha pagato oltre 48 milioni di dollari in rimborsi DG quest'anno e si aspetta di pagare più di 60 milioni di dollari nel 2024.

ComEd ha mejorado su mapa de capacidad de alojamiento para desarrolladores solares, ahora proporcionando actualizaciones mensuales con datos casi en tiempo real. La empresa recibió 2,250 nuevas solicitudes de interconexión en octubre, marcando el séptimo mes consecutivo con más de 2,000 solicitudes. El total para 2023 alcanzó 21,952 solicitudes, un récord histórico. ComEd completó 1,976 sistemas de Recursos Energéticos Distribuidos en octubre, añadiendo 42 megavatios de capacidad de generación. Actualmente, hay aproximadamente 1,160 MW de DER conectados al sistema de ComEd, con proyecciones de alcanzar 2,700 MW para 2030. La empresa ha pagado más de $48 millones en reembolsos de DG este año y espera pagar más de $60 millones en 2024.

ComEd는 태양광 개발자를 위한 호스팅 용량 지도를 개선하여 이제 거의 실시간 데이터로 월별 업데이트를 제공합니다. 회사는 10월에 2,250개의 새로운 연결 요청을 받았으며, 이는 2,000개 이상의 요청이 있는 연속 7개월째를 나타냅니다. 2023년 총 요청 수는 21,952건으로 역대 최고치를 기록했습니다. ComEd는 10월에 분산 에너지 자원(DER) 시스템 1,976개를 완공하여 42메가와트의 발전 용량을 추가했습니다. 현재 ComEd 시스템에 연결된 DER은 약 1,160MW이며, 2030년까지 2,700MW에 이를 것으로 예상됩니다. 회사는 올해 4,800만 달러 이상의 DG 리베이트를 지급했으며, 2024년에는 6,000만 달러 이상 지급할 것으로 예상하고 있습니다.

ComEd a amélioré sa carte de capacité d'hébergement pour les développeurs solaires, fournissant désormais des mises à jour mensuelles avec des données quasi en temps réel. La société a reçu 2 250 nouvelles demandes d'interconnexion en octobre, marquant le septième mois consécutif avec plus de 2 000 demandes. Le total pour 2023 a atteint 21 952 demandes, un record historique. ComEd a complété 1 976 systèmes de ressources énergétiques distribuées en octobre, ajoutant 42 mégawatts de capacité de génération. Actuellement, environ 1 160 MW de DER sont connectés au système de ComEd, avec des projections atteignant 2 700 MW d'ici 2030. L'entreprise a payé plus de 48 millions de dollars en remises DG cette année et prévoit de payer plus de 60 millions de dollars en 2024.

ComEd hat seine Hosting-Kapazitätskarte für Solarentwickler verbessert und bietet jetzt monatliche Updates mit fast in Echtzeit verfügbaren Daten an. Das Unternehmen erhielt im Oktober 2.250 neue Interkonnektionsanträge, was den siebten Monat in Folge mit über 2.000 Anträgen markiert. Die Gesamtzahl für 2023 erreichte 21.952 Anträge, ein Rekordhoch. ComEd hat im Oktober 1.976 Systeme für Verteilte Energiequellen abgeschlossen und 42 Megawatt an Erzeugungskapazität hinzugefügt. Derzeit sind etwa 1.160 MW von DER mit dem System von ComEd verbunden, mit Prognosen, bis 2030 2.700 MW zu erreichen. Das Unternehmen hat in diesem Jahr über 48 Millionen Dollar an DG-Rückerstattungen gezahlt und erwartet, im Jahr 2024 mehr als 60 Millionen Dollar zu zahlen.

Positive
  • Record-breaking 21,952 interconnection applications in 2023
  • 42 MW of new DER generation capacity added in October
  • Current DER capacity of 1,160 MW with projected growth to 2,700 MW by 2030
  • $48 million paid in DG rebates with $60 million projected for 2024
  • Supporting Illinois' renewable energy goals of 40% by 2030
Negative
  • None.

Insights

The significant uptick in solar interconnection applications and distributed energy resource (DER) growth demonstrates robust market momentum for ComEd, a key subsidiary of Exelon. With $48 million in distributed generation rebates paid this year and projections of $60 million for 2024, there's substantial financial commitment to renewable infrastructure expansion.

The projected growth from current 1,160 MW to 2,700 MW by 2030 represents a 133% increase in solar capacity. This expansion aligns with Illinois' Climate and Equitable Jobs Act targets and positions ComEd favorably in the renewable energy transition. The monthly updated hosting capacity map streamlines developer processes, potentially accelerating project implementations and revenue generation.

The record-breaking 42 MW of DER generation capacity completed in October, coupled with seven consecutive months of 2,000+ interconnection applications, indicates strong sustained growth in the renewable segment. This trajectory supports Exelon's long-term value proposition in the evolving utility landscape.

The alignment with Illinois' Climate and Equitable Jobs Act (CEJA) provides a stable regulatory framework for ComEd's renewable energy expansion. The $300 per kilowatt rebate program creates a predictable incentive structure that's driving adoption while supporting state mandates for 40% renewable energy by 2030 and 50% by 2040.

The implementation of enhanced hosting capacity maps represents proactive regulatory compliance and operational efficiency. This infrastructure investment positions ComEd advantageously for meeting CEJA's ambitious targets while maintaining grid reliability. The transparent approach to capacity data sharing also reduces regulatory friction in project approvals.

Near real-time data supports robust growth of solar in ComEd region

CHICAGO--(BUSINESS WIRE)-- Rising interest among consumers to reduce their carbon footprints and energy costs is driving the growth of community and rooftop solar in ComEd’s northern Illinois region, and its new hosting capacity map for solar developers is helping streamline the process and meet the demand.

“Our updated hosting capacity map provides developers every month with near real-time information about solar projects in the development queue, which is key to identifying the best available location to interconnect their project to our grid,” said Mark Baranek, senior vice president of Technical Services, ComEd.

In October, ComEd received 2,250 new applications to interconnect with its electric system, which serves more than 4 million customers in northern Illinois. It was the seventh consecutive month with more than 2,000 applications to interconnect with ComEd’s grid, bringing the total applications received this year to 21,952, an all-time high for ComEd. Additionally, the 1,976 Distributed Energy Resource (DER) systems that ComEd completed in October represented 42 megawatts of DER generation capacity, a new one-month record. There are approximately 1,160 MW of DER interconnected to the ComEd system, including 460 MW from residential solar systems, 285 MW from community solar and more than 345 MW from commercial systems. ComEd estimates that solar power on its grid will grow to 2,700 MWs by 2030.

The high volume of solar and other DER, including batteries and electric vehicles, places a priority on providing solar developers access to current hosting capacity data, which is used to estimate the amount of DER that can be safely and reliably accommodated without major upgrades to the ComEd distribution system. ComEd’s hosting capacity maps provide monthly estimates for distribution circuits at 34kV and below that are sourced by a ComEd substation. ComEd also publishes hosting capacity maps for battery energy storage and for electric vehicle (EV) load, and these maps are updated about 20 times a year.

ComEd’s hosting capacity maps support the goals of Illinois’ Climate and Equitable Jobs Act (CEJA), which doubles the state’s investment in renewable energy and puts Illinois on a path to 40% renewable energy by 2030 and 50% by 2040. CEJA’s incentives for installation of solar include the Distributed Generation (DG) Rebate program for residential and commercial renewable energy facilities. The DG rebate is valued at up to $300 per kilowatt for an eligible distributed generation facility, such as rooftop solar, and up to $300 per kilowatt-hour for an associated energy storage device. ComEd has paid more than $48 million in DG rebates this year and is on track to pay more than $60 million in 2024. ComEd’s largest DG rebate to date was paid in April to G&W Electric of Bolingbrook, Ill., which received rebates of $600,000 for its investments in rooftop solar and $2 million for a battery energy storage system.

About ComEd

​​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, Instagram, LinkedIn, X, and YouTube.​

ComEd Media Relations

​312-394-3500​

Source: ComEd

FAQ

How many interconnection applications did ComEd (EXC) receive in October 2023?

ComEd received 2,250 new interconnection applications in October 2023, marking the seventh consecutive month with over 2,000 applications.

What is ComEd's (EXC) projected solar power capacity by 2030?

ComEd estimates that solar power on its grid will grow to 2,700 megawatts (MW) by 2030.

How much has ComEd (EXC) paid in Distributed Generation rebates in 2023?

ComEd has paid more than $48 million in Distributed Generation (DG) rebates in 2023 and expects to pay more than $60 million in 2024.

What is the current Distributed Energy Resource capacity on ComEd's (EXC) system?

ComEd currently has approximately 1,160 MW of Distributed Energy Resource (DER) interconnected to its system, including 460 MW from residential solar, 285 MW from community solar, and over 345 MW from commercial systems.

Exelon Corporation

NASDAQ:EXC

EXC Rankings

EXC Latest News

EXC Stock Data

37.09B
1.00B
0.12%
86.13%
1.91%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHICAGO