Enhanced rock weathering startup Eion is set to receive an investment from the Exelon Climate Change Investment Initiative (2c2i). Exelon is the largest utility company in the U.S. and launched 2c2i in 2019 to combines the social and environmental impact objectives of the Exelon Foundation with the investment objectives and approach of venture capital.
“Eion is honored and incredibly excited to be a member of Exelon’s latest 2c2i cohort. By working with Exelon’s utility companies, Eion will generate new insights and commercial opportunities necessary to scale high-quality CDR and reach our decarbonization goals,” said Eion CEO, Anastasia Pavlovic Hans.
Exelon invests in startups developing new technologies aimed at reducing GHG emissions and has a geographical focus on locations connected with Exelon’s operations – Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, Del.
Companies with solutions focused on the climate and greenhouse gases can still apply here before the September 30 deadline.
Relevant: Eion Makes First Delivery Of Enhanced Rock Weathering Carbon Removal To Stripe
To qualify for 2c2i consideration, companies must be doing work that will benefit one or more of Exelon’s six regions – Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, Del. Their work must have the potential to do one of the following:
- Mitigate greenhouse gas emissions
- Boost the resiliency of urban infrastructure (e.g., the power grid, transportation systems, buildings, vacant land) against flood, stormwater and rising temperatures
- Help cities, businesses and communities adapt to climate change; or
- Help achieve a state or city’s specific sustainability and climate goals
Read more: Eion Appoints Anastasia Pavlovic As Chief Executive Officer
