Exelon, Argonne National Lab launch five-year R&D partnership
The U.S. Department of Energy's Argonne National Laboratory and Exelon have formed a five-year cooperative research and development agreement focused on identifying new technology and systems that will advance clean energy and contribute to the development of a next-generation energy grid. The agreement with Argonne is part of Exelon's companywide effort to team with government and industry associations, national labs, top universities, technology companies and venture capital firms to explore emerging technology that has the potential to form new businesses and transform the industry. The agreement combines Exelon's market knowledge with Argonne's broad research and expertise in all phases of energy production and delivery. The collaboration will further the goal of Argonne and the U.S. Department of Energy to identify technologies that have the potential to improve grid reliability, efficiency and stability, and introduce them to the market where they can have the greatest benefit to consumers and the public.