September 28, 2020

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The Exelon Foundation Launches First-Ever Virtual STEM Innovation Leadership Academy

Academy events designed to help encourage high school girls in Chicago, Philadelphia, Baltimore and Washington, D.C., to pursue career paths in STEM-related fields

CHICAGO–(BUSINESS WIRE)–The Exelon Foundation in collaboration with Exelon Corp., a Fortune 100 company and the nation’s largest generator of carbon-free energy, has announced the return of its annual STEM Innovation Leadership Academy, which was launched in 2018 to encourage young girls to pursue careers in Science, Technology, Engineering and Math (STEM). As a result of the pandemic, this year’s STEM Academy events will be held virtually for the 180 participants, with an emphasis on examining issues relating to climate change.

Each year the Exelon Foundation holds the STEM Academy events in cities where Exelon has operating companies. Hosted in conjunction with the United Nations Women HeForShe initiative, the 2020 iteration of the Academy will be held for students in Chicago (July 13-17), Philadelphia (July 27-31), and Washington D.C./Baltimore (August 3-7).

As part of the three week-long Academy events, 60 high school girls in each market will participate in online educational seminars and discussions, hands-on workshops using tools and other items sent to them beforehand as part of a STEM Supply Kit, and even virtual field trips to noteworthy STEM-related landmarks in their hometowns. This year’s Academy event will place a special focus on addressing the growing impacts of climate change and the disproportionate ways it is affecting the most under-resourced populations. Students will be challenged to design their own energy-efficient product prototypes, with a panel of judges selecting a winning project at the conclusion of each Academy.

“It is imperative that we engage, educate and inspire the next generation of STEM leaders and provide them the tools and encouragement they need to prepare for future professional careers,” said Chris Crane, Exelon President and CEO. “This program provides female students with access to STEM leaders, educational tools, and learning opportunities that they may not otherwise have the chance to experience first-hand. Despite the pandemic, we have found innovative ways to provide these young women with an enriching STEM experience this summer.”

The third annual STEM Innovation Leadership Academy was initiated as a primary component of Exelon’s continued commitment to the UN Women’s HeForShe initiative, which was created to foster a movement where men become agents of change for gender equality. The 2020 Academy, funded by the Exelon Foundation, is part of Exelon’s $3 million investment to encourage and support the involvement of young women in STEM.

Beyond the STEM Innovation Leadership Academy, Exelon contributes $13.5 million to education-related causes. Additionally, 82 percent of Exelon’s philanthropic funding supports programs and initiatives focused on diversity and inclusion. Exelon’s partnership with HeForShe also includes a commitment to improving the company’s retention of women by the end of 2020, with a goal of reaching parity in the voluntary turnover of men and women professionals.

To learn more about Exelon’s initiatives to promote gender equality and support the communities where its employees live and work, visit exeloncorp.com.

About Exelon

Exelon Corporation (NASDAQ: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $34 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than three quarters of the Fortune 100. Follow Exelon on Twitter @Exelon.

About the Exelon Foundation

The Exelon Foundation is an independent, nonprofit organization funded solely by Exelon Corporation through shareholder dollars. The mission of the Foundation is to encourage respect for the environment, support innovative STEM education programs and strengthen the social and economic fabric of the community by providing a match to Exelon employee contributions.

About HeForShe

Created by UN Women, the United Nations entity for gender equality and the empowerment of women, the HeForShe solidarity movement for gender equality provides a systematic approach and targeted platform where a global audience can engage and become change agents for the achievement of gender equality in our lifetime. HeForShe invites people around the world to stand together as equal partners to craft a shared vision of a gender equal world and implement specific, locally relevant solutions for the good of all of humanity. For more information, visit www.HeForShe.org/en.

Contacts

Elizabeth Keating

312-394-4111

Elizabeth.Keating@exeloncorp.com

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