Climate Change Investment Initiative (2c2i) Energy Education & Workforce Development Employee Engagement
Climate Change Investment
Initiative (2c2i)
Energy Education &
Workforce Development
Employee Engagement
Climate Change Investment
Initiative (2c2i)


The Exelon Foundation elevates solutions to climate change
through its Climate Change Investment Initiative


The Exelon Foundation elevates solutions to climate change
through its Climate Change Investment Initiative
Our Mission
2c2i Program Blends Impact Objectives with
an Investment Approach
The Climate Change Investment Initiative (2c2i) is a 10-year, $20
million, joint commitment between Exelon Corporation and its
philanthropic arm, Exelon Foundation, to invest in and cultivate
innovative start-ups focused on advancing climate change
mitigation, adaptation and resiliency efforts, while also promoting
social equality and economic prosperity, in Exelon’s service
territories. These service territories include Chicago, IL ;
Philadelphia, PA; Baltimore, MD; Washington D.C.; Atlantic City, NJ
and Wilmington, DE.
The Climate Change Investment Initiative (2c2i) is a 10-year, $20 million,
joint commitment between Exelon Corporation and its philanthropic arm,
Exelon Foundation, to invest in and cultivate innovative start-ups focused
on advancing climate change mitigation, adaptation and resiliency efforts,
while also promoting social equality and economic prosperity, in Exelon’s
service territories. These service territories include Chicago, IL;
Philadelphia, PA; Baltimore, MD; Washington D.C.; Atlantic City, NJ and
Wilmington, DE.
Learn More About Our Portfolio
How To Apply
How To Apply
You can apply for the next 2C2I Cohort today by completing and
submitting our application.

Applications must be received no later than September 17th 2021.
For best consideration, please apply early.

Read the FAQ to learn more about the application criteria and selection
process.
You can apply for the next 2C2I Cohort today by completing and submitting our application.

Applications must be received no later than September 17th 2021.
For best consideration, please apply early.

Read the FAQ to learn more about the application criteria and selection
process.
OUR PROGRAM
Through the combined resources of Exelon Foundation ($10 million equity investment commitment) and Exelon Corporation (up to $10 million in-kind service
commitment), 2c2i supports innovative start-ups that catalyze solutions to climate change challenges within Exelon’s major market areas, while
advancing social equality and economic prosperity.

Upon selection, 2c2i start-ups realize a number of benefits to accelerate their ventures while delivering real-world impact. These benefits include:
  • A minimum of $100,000 equity investment from Exelon Foundation
  • In-kind services from Exelon Corporation. These services may include but may not be limited to:
    • Brokering of relationships between the start-ups and key organizations/ stakeholders in Exelon territories that can support the start-up’s activity and mission
    • Subject matter expertise-based guidance and advice
    • Business plan review and guidance
    • Networking opportunities with other 2c2i ventures and alumni
    • Exposure to external sources of follow-on capital
    • Regulatory and financial feedback

  • Exelon commits to work with each selected start-up on an Impact Project.


An Impact Project is an effort driven by the start-up that supports the environmental goals of the Exelon community it operates in
while benefitting the underserved segments of the community.

An Impact Project helps to advance the start-up’s ultimate mission and business goals and can be everything from an organic extension
of the start-up’s pre-existing work in the territory to an entirely new effort scoped in collaboration with Exelon.

The goal is for the start-up to begin and make as much progress around the Impact Project as possible in partnership with Exelon
within 12 months of receiving investment under 2c2i.
OUR AREAS OF IMPACT AND INVESTMENT
2c2i was founded to drive positive impact around every dimension of ESG investing:
  • Environmental: Advancing GHG emissions mitigation and climate change resiliency.
  • Social: Supporting economic growth and opportunity for low-income or underserved communities while promoting environmental justice and equality.
  • Governance: Supporting underrepresented women and minority founders: While 2c2i invests in start-ups with leadership teams from all backgrounds, it welcomes
    participation from and is committed to supporting start-ups that have women or minority representation among its founder or leadership teams.
2c2i measures its impact in these areas in accordance with the United Nations Sustainability Developmental Goals and IRIS+ Core Metrics and Catalogue of Metrics.
2c2i was founded to drive positive impact around every dimension of ESG investing:
  • Environmental: Advancing GHG emissions
    mitigation and climate change resiliency.
  • Social: Supporting economic growth and
    opportunity for low-income or underserved communities while promoting environmental
    justice and equality
  • Governance: Supporting underrepresented
    women and minority founders: While 2c2i
    invests in start-ups with leadership teams
    from all backgrounds, it welcomes participation
    from and is committed to supporting start-ups
    that have women or minority representation
    among its founder or leadership teams.
2c2i measures its impact in these areas in accordance
with the United Nations Sustainability Developmental
Goals and IRIS+ Core Metrics and Catalogue of Metrics.
Under its Environmental mandate, 2C2i supports start-ups addressing the
following areas:
Mitigation
Greenhouse Gas Emissions Reduction
Building Energy Efficiency Improvement
Industrial Process Energy Innovation
Renewable Energy Growth
Electrification of Transportation
Greenhouse Gas Emissions Reduction
Building Energy Efficiency Improvement
Industrial Process Energy Innovation
Renewable Energy Growth
Electrification of Transportation
Resilience & Adaptation
Integrate Climate Change Effects
into Planning Enhance Flood Mitigation
Improve Stormwater Management
Respond to Increasing
Temperatures
Integrate Climate Change Effects
into Planning
Enhance Flood Mitigation
Improve Stormwater Management
Respond to Increasing Temperatures
Under these broad themes, 2c2i invests in
start-ups that operate across the
functional areas:
Under these broad themes, 2c2i invests in
start-ups that operate across the
functional areas:
Water
Water
Waste
Transport
Food
Energy
Built
Environments
Nature

Meet the 2c2i Year One Cohort

The Washington, DC-based startup designs, develops and delivers solar and battery storage solutions for affordable housing communities. Including the first resiliency center in the District installed at the Maycroft Apartments affordable housing complex in partnership with PEPCO, the company has already completed 25 installations in the Washington, D.C. metropolitan area, Amidus Resilience plans to expand to more affordable housing resiliency centers, giving residents electricity to access to critical services like refrigeration, lighting, communications (internet and cell phones), food heating, ventilation, medicine refrigeration, and charging capabilities for life-saving medical devices during power outages caused by extreme weather and other grid failures. While helping underserved communities with access to clean and resilient energy, the startup’s projects will also rely on local trades for installation jobs. Amidus Resilience will work with Exelon to identify new affordable housing communities for resiliency centers in D.C.

amidus.com

ATP-MD, LLC (ATP-MD), an African-American-owned and Maryland-based startup, uses two innovative, patented, and cost-effective processes that generate multiple environmental benefits from specially-bred crops and their resulting material, or biomass. The startup’s Vertical Bio-Crop Farms will capture carbon dioxide (CO2) from large emission sources, and its crops, when planted in brownfield sites and vacant lots, will filter atmospheric pollutants, as they also remove contaminants from the soil. ATP-MD’s torrefaction process then converts biomass into a variety of environmentally-beneficial bio-products, including filler powders, which make better-performing plastics, superior animal bedding, and biochars, which improve soil productivity. The company’s field tests have proven their crops' ability to also remove excess nutrients from Chesapeake Bay watershed farmland, to help improve the health of the Bay’s ecosystem. Working with Exelon, ATP-MD plans to make a difference in Baltimore’s under-resourced communities, by creating a safer and healthier environment and creating new green manufacturing jobs, as it collaboratively advances the city’s ambitious climate and sustainability goals.

agri-techproducers.net

BlocPower is a Brooklyn based energy technology startup rapidly greening American cities. BlocPower has developed a software platform for analyzing, financing, project managing and monitoring clean energy projects, allowing building owners to identify and complete energy efficiency and electrification upgrades in urban communities. These projects help lower energy bills for residents, provide good local construction and installation jobs, and reduce carbon emissions while increasing resiliency. BlocPower has completed energy projects in over 1,000 buildings in New York State and, with Exelon’s support, aims to complete thousands of similar projects in underserved communities across the country. The clean energy projects that BlocPower completes have the added benefit of helping cities and states advance their climate goals and creating jobs in vulnerable communities in need of environmental justice.

blocpower.io

With a recently opened field office location in Baltimore, minority-owned startup Dynamhex has developed a software platform leveraging complex energy consumption data that enables close collaboration among a range of city, community, and utility stakeholders to achieve local carbon-reduction goals. The Kansas City-based startup is currently partnering with the City of Baltimore to enhance implementation, execution, and progress-tracking in support of the city’s Climate Action Plan. Working with Exelon, Dynamex plans to expand the application of its platform in Baltimore and eventually to other cities within Exelon’s service territories. By facilitating enhanced modeling, communication, engagement, education, and cooperation, their powerful platform can help local jurisdictions and state achieve ambitious climate goals.

dynmhx.io

Based in Chicago, Greenprint Partners is a certified WBE/B-Corporation that reduces water pollution and flooding by working with water utilities and landowners to design, build, finance, and maintain high-impact green stormwater infrastructure (GSI) programs that reduce water pollution and flooding. Greenprint is already working with the Philadelphia Water Department’s Green City, Clean Waters initiative seeking to more equitably disburse funds and high-impact stormwater management projects to underinvested areas. GSI improvement projects like building bioswales, rain gardens, and tree trenches–particularly in low- to moderate-income communities—provide healthier environments and local contractor jobs. Greenprint plans to work with Exelon and local government to expand its project development to communities in Chicago, Philadelphia, and eventually other cities, helping them to meet their climate and resiliency goals.

greenprintpartners.com

Philadelphia-based startup GrowFlux is a horticultural tech company that specializes in data-driven cultivation technology and offers an ecosystem of commercial-scale, wireless controls and sensors that work together to enable emerging indoor farms and automated greenhouses. GrowFlux has deployed its technology at Second Chances urban farm in Wilmington, DE, who hires formerly incarcerated people, providing training and green collar jobs to economically distressed communities. Building on the Second Chances Farm project, GrowFlux will seek to further deploy their technology for CEA farms in Philadelphia and other cities in Exelon’s service area to meet their sustainability goals. The projects will help reduce GHG emissions and water consumption, provide sustainable, locally-grown healthy food, repurpose disused commercial buildings, and provide job creation and training through agri-tech afterschool programs.

growflux.com

Based in Chicago, NETenergy is a thermal energy storage company that has created a unique hybrid energy storage-air conditioner technology with the potential to reduce peak energy demand by over 50%, reduce peak energy consumption by 20%, and overall energy consumption by more than 10% over standard air conditioners, while significantly reducing GHG emissions by taking advantage of renewable energy and more efficient conventional primary energy sources. Deployment of Net Energy’s storage technology will enable small businesses to save money on energy bills while reducing emissions. The startup will initially work with Exelon to identify potential project locations in underserved communities for the storage technology in Chicago to help small businesses save money on energy bills while reducing emissions. With growth, NETenergy plans to expand into other cities, helping them to meet climate goals, expand access to energy storage, and reduce urban heat islands - often located in underserved communities – with their innovative, cost-effective cooling technology.

netenergytes.com

With offices in Baltimore and Wilmington, DE, Boston-based startup New Ecology has developed a remote monitoring and optimization (ReMO) system to improve performance of buildings with central boilers. New Ecology seeks to deploy this technology primarily to the oft-overlooked affordable, multifamily housing sector. Partnering with Exelon, New Ecology will scale the installation of ReMO by extending outreach efforts into Chicago, Philadelphia and Wilmington, thus helping each city meet sustainability goals while providing owners with superior operational insight and reduced utility costs.

newecology.com

Propagate Ventures has developed an analytics and project development platform to reduce the cost and resources needed for agroforestry, which involves the strategic addition of tree crops to farmland to ensure long term resiliency of the farm. Propagate Ventures solution contributes to the economic sustainability of rural communities through enhanced and more stable crop yields on agroforestry-based farms. In partnership with Exelon, Propagate Ventures will expand beyond current projects in the Chesapeake Bay and Pennsylvania, investing in agroforestry farmland areas surrounding one or more of the cities in Exelon’s service territory. These projects will help both urban and rural communities achieve their goals to sequester carbon, create a secure food supply, improve community health through the provision of fresh food and increase biodiversity.

propagateventures.com

Radiator Labs invented the Cozy™, a wireless, low-cost, and easily installed retrofit that drops on top of steam heat radiators, providing a solution to the chronic problem of imbalanced heat in apartment buildings by providing more even distribution. Installation throughout a building can save up to 45 percent in heating costs and reduces GHG emissions by an average of 25 percent. In partnership with Exelon, Brooklyn-based Radiator Labs plans to deploy their innovative solution in steam-heated multi-family housing units – often located in under-served areas - in Baltimore, Chicago, and Philadelphia, helping these cities to meet their ambitious climate goals and improving the health and comfort of tenants.

radiatorlabs.com

Meet the 2c2i Year Two Cohort

Cohort 1
Cohort 2
Our Portfolio
2c2i IN THE PRESS .

Click here for press coverage on 2c2i and its
startups.

Read the FAQ to learn more about the application
criteria and selection process.

Apply to 2c2i today by completing and
submitting the application for our next Cohort here.
2c2i IN THE PRESS .

Click here for press coverage on 2c2i and its
startups.

Read the FAQ to learn more about the application
criteria and selection process.

Apply to 2c2i today by completing and
submitting the application for our next Cohort here.
Our Team
Paula Conrad
President, Exelon Foundation
Vice President, Corporate Relations
Exelon Corporation
  Sunny Elebua
Vice President, Corporate Strategy
Exelon Corporation

Edwin Philogene
Entrepreneur In Residence
Exelon Corporation
Faith Davis
Co-Lead, Climate Change Investment Initiative
Exelon Corporation