{"success":true,"data":{"pressRelease":{"id":"166693","rtpr_id":"nBw5lrm3Qa-20261012","ticker":"EXC","exchange":"NASDAQ","all_tickers":["EXC","RELL"],"title":"ComEd, Richardson Electronics, Ltd. Announce Expansion and Plans to Install Illinois’ Largest Commercial Battery Energy Storage System","author":"Business Wire","published_at":"2026-10-12T17:21:00.129Z","article_body":"ComEd, Richardson Electronics, Ltd. Announce Expansion and Plans to Install\nIllinois’ Largest Commercial Battery Energy Storage System\n\nBacked by a REV Act incentive, local manufacturer to expand operations and\nscale production of commercial battery energy storage systems\n\nComEd and Richardson Electronics, Ltd.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=Richardson+Electronics%2C+Ltd.&index=1&md5=225ff82e89d243546b1fa2ceeab45fbd)\n(NASDAQ: RELL) today joined state and industry leaders to announce Richardson\nElectronics’ expanded manufacturing of locally produced battery energy\nstorage systems and plans to install its first onsite battery energy storage\nsystem demonstration project.\n\nThis initiative is a critical step toward scaling locally made battery energy\nstorage solutions that strengthen grid reliability, support renewable energy\nintegration, and store energy for use during periods of high demand while\nhelping ease supply-related energy costs.\n\n“For generations, manufacturing has been part of northern Illinois’\nidentity, and Richardson’s announcement demonstrates how that sector\ncontinues to shape our region’s economic future,” said ComEd President and\nCEO Gil Quiniones.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.comed.com%2Fabout-us%2Fleadership-values%2Fexecutive-leadership%2Fgil-c-quiniones&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=said+ComEd+President+and+CEO+Gil+Quiniones.&index=2&md5=d240a47f38ac960929e33ec9e5391966)\n“ComEd is committed to supporting business growth by making the grid\ninvestments needed to deliver industry-leading reliability at rates that are\nwell below the average commercial and industrial rates for the top 20 largest\nmetropolitan areas.”\n\nRichardson, a legacy manufacturer\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fmanufacturing%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=manufacturer&index=3&md5=886727393a075e37166fb7efd01bc927)\nbased in La Fox, is currently building the largest commercial battery storage\nsystem in Illinois. Its planned operational expansion will help scale the\ndevelopment and distribution of these products. Richardson is installing a\n5-MWh research and development demonstration project, supported through the\nComEd interconnection process.\n\n“Richardson Electronics has a long history of solving complex power and\nenergy challenges through innovation and U.S.-based manufacturing,” said\nGreg Peloquin, Executive Vice President and General Manager of Power &\nMicrowave Technologies and Green Energy Solutions groups. “Our advanced\nenergy storage solutions will help customers manage energy more efficiently\nwhile supporting a more reliable and resilient grid. We value ComEd’s\ncollaboration in bringing this onsite demonstration project to life.”\n\nThe initiative is also supported by the Reimagining Energy and Vehicles in\nIllinois, or REV Illinois, program, which is helping Richardson Electronics\nstrengthen its La Fox operations, advance energy technology manufacturing and\nsupport continued economic growth in Illinois.\n\n\"As demand for reliable and affordable energy increases, Illinois has an\nopportunity not only to deploy new technologies, but to manufacture them,”\nsaid Illinois Economic Development Corporation President and CEO Christy\nGeorge. “Richardson Electronics’ expansion demonstrates how Illinois’\nmanufacturing expertise can drive growth in emerging industries like battery\nstorage while helping strengthen the energy infrastructure that supports our\neconomy.”\n\nIncreasing battery energy storage is a key component of Illinois’ recently\nenacted Clean and Reliable Grid Affordability Act (CRGA), which seeks to\nstrengthen grid reliability and help address forecasted energy supply\nshortfalls. By storing electricity for use during periods of peak demand,\nbattery storage can support a more resilient grid, integrate additional clean\nenergy resources, and help ensure Illinois has the energy capacity needed to\npower future economic growth.\n\n“Safe, reliable and affordable energy is critical to the success of\nIllinois’ manufacturing sector and will require new generation, transmission\ninvestment and new technologies such as battery storage,” said Mark Denzler,\nPresident & CEO of the Illinois Manufacturers’ Association.\n“Richardson Electronics and ComEd’s announcement of a next-generation 5\nMWh commercial battery storage system is a great example of manufacturing\ninnovation and ingenuity that will help drive growth and economic development\nin Illinois.”\n\nBattery energy storage systems can charge when electricity is available and\ndischarge when it is needed, helping customers manage energy use and support a\nmore flexible electric system. Depending on how they are configured, batteries\ncan also provide backup capabilities, reduce demand during peak periods, and\nsupport the integration of renewable energy resources.\n\n“When Kane County Commissioner Rick Williams and I first met with Richardson\nto discuss this project, I was immediately intrigued by both the economic and\nenergy benefits the project could bring to the area and the state,” said\nState Representative Dan Ugaste (65th District). “Energy storage will be an\nimportant part of having affordable and reliable energy going forward. Seeing\nthe value this project could bring, I was glad to help facilitate discussions\nwith the Department of Commerce and Economic Opportunity to bring this project\nto fruition.”\n\nComEd is supporting the project through its customer interconnection process\nand engineering studies. The company’s work includes helping prepare the\nsite for the demonstration system and guiding Richardson through any potential\nsystem upgrade needs. This work will help to safely and reliably connect the\ndemonstration system while maintaining service for surrounding customers.\nProjects like these are also eligible to apply for ComEd’s Distributed\nGeneration Rebate Program, which recently hit a $350 million milestone. ComEd\ncustomers installing qualifying battery storage can receive an upfront rebate\nof up to $300 per kilowatt-hour of storage capacity. For example, a typical\n13.5-kWh home battery could qualify for a rebate of about $4,050.\n\n“Richardson Electronics’ continued investment in La Fox is a great example\nof how Illinois businesses can lead the way in developing innovative energy\nsolutions while creating good-paying jobs right here in our communities,”\nsaid State Representative Jeff Keicher (70th House District). “As Illinois\nworks to strengthen the reliability and affordability of our electric grid,\nprojects like this will play an important role in ensuring we meet our future\nneeds, while strengthening our state’s position as an advanced manufacturing\nleader.”\n\nThroughout its 80-year history, Richardson Electronics has evolved from a\ntraditional tube or electron device manufacturer into a leader in advanced\nenergy technologies, with a growing focus on energy storage\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fbattery-energy-storage-systems%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=energy+storage&index=4&md5=a96b64824884ddda1fdcf382825eeaff)\nand clean energy applications\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fgreenenergysolutions%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=clean+energy+applications&index=5&md5=22cbaf26a9598d9ddae064844c1e38ef)\n. Richardson Electronics is the largest supplier of pitch energy modules for\nwind turbines in North America. Through strategic partnerships with companies\nsuch as Gotion Illinois, Richardson Electronics offers advanced BESS platforms\nin several sizes, including 211-kWh, 422-kWh, and 760-kWh systems for\ncommercial use, as well as a 5-MWh system for large-scale utility deployments.\n ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune   \n 200 energy company, serving almost 11 million electricity and natural gas      \n customers – the largest number of customers in the U.S. ComEd powers the       \n lives of more than 4.2 million customers across northern Illinois, or 70       \n percent of the state's population. For more information visit ComEd.com, and   \n connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.     \n \n                                                                              \n \n                                                                              \n \n                                                                              \n \n                                                                              \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261012599215/en/\n(https://www.businesswire.com/news/home/20261012599215/en/)\n\nComEd Media Relations\n\n1-312-394-3500\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5lrm3Qa-20261012","title":"ComEd, Richardson Electronics, Ltd. Announce Expansion and Plans to Install Illinois’ Largest Commercial Battery Energy Storage System","author":"Business Wire","ticker":"EXC","created":"2026-10-12T17:21:00.129Z","tickers":["EXC","RELL"],"exchange":"NASDAQ","article_body":"ComEd, Richardson Electronics, Ltd. Announce Expansion and Plans to Install\nIllinois’ Largest Commercial Battery Energy Storage System\n\nBacked by a REV Act incentive, local manufacturer to expand operations and\nscale production of commercial battery energy storage systems\n\nComEd and Richardson Electronics, Ltd.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=Richardson+Electronics%2C+Ltd.&index=1&md5=225ff82e89d243546b1fa2ceeab45fbd)\n(NASDAQ: RELL) today joined state and industry leaders to announce Richardson\nElectronics’ expanded manufacturing of locally produced battery energy\nstorage systems and plans to install its first onsite battery energy storage\nsystem demonstration project.\n\nThis initiative is a critical step toward scaling locally made battery energy\nstorage solutions that strengthen grid reliability, support renewable energy\nintegration, and store energy for use during periods of high demand while\nhelping ease supply-related energy costs.\n\n“For generations, manufacturing has been part of northern Illinois’\nidentity, and Richardson’s announcement demonstrates how that sector\ncontinues to shape our region’s economic future,” said ComEd President and\nCEO Gil Quiniones.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.comed.com%2Fabout-us%2Fleadership-values%2Fexecutive-leadership%2Fgil-c-quiniones&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=said+ComEd+President+and+CEO+Gil+Quiniones.&index=2&md5=d240a47f38ac960929e33ec9e5391966)\n“ComEd is committed to supporting business growth by making the grid\ninvestments needed to deliver industry-leading reliability at rates that are\nwell below the average commercial and industrial rates for the top 20 largest\nmetropolitan areas.”\n\nRichardson, a legacy manufacturer\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fmanufacturing%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=manufacturer&index=3&md5=886727393a075e37166fb7efd01bc927)\nbased in La Fox, is currently building the largest commercial battery storage\nsystem in Illinois. Its planned operational expansion will help scale the\ndevelopment and distribution of these products. Richardson is installing a\n5-MWh research and development demonstration project, supported through the\nComEd interconnection process.\n\n“Richardson Electronics has a long history of solving complex power and\nenergy challenges through innovation and U.S.-based manufacturing,” said\nGreg Peloquin, Executive Vice President and General Manager of Power &\nMicrowave Technologies and Green Energy Solutions groups. “Our advanced\nenergy storage solutions will help customers manage energy more efficiently\nwhile supporting a more reliable and resilient grid. We value ComEd’s\ncollaboration in bringing this onsite demonstration project to life.”\n\nThe initiative is also supported by the Reimagining Energy and Vehicles in\nIllinois, or REV Illinois, program, which is helping Richardson Electronics\nstrengthen its La Fox operations, advance energy technology manufacturing and\nsupport continued economic growth in Illinois.\n\n\"As demand for reliable and affordable energy increases, Illinois has an\nopportunity not only to deploy new technologies, but to manufacture them,”\nsaid Illinois Economic Development Corporation President and CEO Christy\nGeorge. “Richardson Electronics’ expansion demonstrates how Illinois’\nmanufacturing expertise can drive growth in emerging industries like battery\nstorage while helping strengthen the energy infrastructure that supports our\neconomy.”\n\nIncreasing battery energy storage is a key component of Illinois’ recently\nenacted Clean and Reliable Grid Affordability Act (CRGA), which seeks to\nstrengthen grid reliability and help address forecasted energy supply\nshortfalls. By storing electricity for use during periods of peak demand,\nbattery storage can support a more resilient grid, integrate additional clean\nenergy resources, and help ensure Illinois has the energy capacity needed to\npower future economic growth.\n\n“Safe, reliable and affordable energy is critical to the success of\nIllinois’ manufacturing sector and will require new generation, transmission\ninvestment and new technologies such as battery storage,” said Mark Denzler,\nPresident & CEO of the Illinois Manufacturers’ Association.\n“Richardson Electronics and ComEd’s announcement of a next-generation 5\nMWh commercial battery storage system is a great example of manufacturing\ninnovation and ingenuity that will help drive growth and economic development\nin Illinois.”\n\nBattery energy storage systems can charge when electricity is available and\ndischarge when it is needed, helping customers manage energy use and support a\nmore flexible electric system. Depending on how they are configured, batteries\ncan also provide backup capabilities, reduce demand during peak periods, and\nsupport the integration of renewable energy resources.\n\n“When Kane County Commissioner Rick Williams and I first met with Richardson\nto discuss this project, I was immediately intrigued by both the economic and\nenergy benefits the project could bring to the area and the state,” said\nState Representative Dan Ugaste (65th District). “Energy storage will be an\nimportant part of having affordable and reliable energy going forward. Seeing\nthe value this project could bring, I was glad to help facilitate discussions\nwith the Department of Commerce and Economic Opportunity to bring this project\nto fruition.”\n\nComEd is supporting the project through its customer interconnection process\nand engineering studies. The company’s work includes helping prepare the\nsite for the demonstration system and guiding Richardson through any potential\nsystem upgrade needs. This work will help to safely and reliably connect the\ndemonstration system while maintaining service for surrounding customers.\nProjects like these are also eligible to apply for ComEd’s Distributed\nGeneration Rebate Program, which recently hit a $350 million milestone. ComEd\ncustomers installing qualifying battery storage can receive an upfront rebate\nof up to $300 per kilowatt-hour of storage capacity. For example, a typical\n13.5-kWh home battery could qualify for a rebate of about $4,050.\n\n“Richardson Electronics’ continued investment in La Fox is a great example\nof how Illinois businesses can lead the way in developing innovative energy\nsolutions while creating good-paying jobs right here in our communities,”\nsaid State Representative Jeff Keicher (70th House District). “As Illinois\nworks to strengthen the reliability and affordability of our electric grid,\nprojects like this will play an important role in ensuring we meet our future\nneeds, while strengthening our state’s position as an advanced manufacturing\nleader.”\n\nThroughout its 80-year history, Richardson Electronics has evolved from a\ntraditional tube or electron device manufacturer into a leader in advanced\nenergy technologies, with a growing focus on energy storage\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fbattery-energy-storage-systems%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=energy+storage&index=4&md5=a96b64824884ddda1fdcf382825eeaff)\nand clean energy applications\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rell.com%2Fgreenenergysolutions%2F&esheet=54620397&newsitemid=20261012599215&lan=en-US&anchor=clean+energy+applications&index=5&md5=22cbaf26a9598d9ddae064844c1e38ef)\n. Richardson Electronics is the largest supplier of pitch energy modules for\nwind turbines in North America. Through strategic partnerships with companies\nsuch as Gotion Illinois, Richardson Electronics offers advanced BESS platforms\nin several sizes, including 211-kWh, 422-kWh, and 760-kWh systems for\ncommercial use, as well as a 5-MWh system for large-scale utility deployments.\n ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune   \n 200 energy company, serving almost 11 million electricity and natural gas      \n customers – the largest number of customers in the U.S. ComEd powers the       \n lives of more than 4.2 million customers across northern Illinois, or 70       \n percent of the state's population. For more information visit ComEd.com, and   \n connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.     \n \n                                                                              \n \n                                                                              \n \n                                                                              \n \n                                                                              \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261012599215/en/\n(https://www.businesswire.com/news/home/20261012599215/en/)\n\nComEd Media Relations\n\n1-312-394-3500\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-12T17:21:00.162328634Z","server_sent_at_ms":1791825660162},"received_at":"2026-10-12T17:21:00.220Z","source_url":"https://www.businesswire.com/news/home/20261012599215/en/"},"analysis":{"id":"155033","press_release_id":"166693","analysis_json":{"industry":{"label":"Electric Utilities","sector":"Utilities"},"redFlags":[],"eventType":"operations_update","narrative":"ComEd, a unit of Exelon (NASDAQ: EXC), joined Richardson Electronics (NASDAQ: RELL) to announce the manufacturer's expansion and plans to install Illinois' largest commercial battery energy storage system — a 5-MWh demonstration project at its La Fox facility.\n\nComEd is supporting the project through its customer interconnection process and engineering studies, with projects like this eligible for the utility's Distributed Generation Rebate Program, which recently hit a $350 million milestone.\n\nThe initiative is backed by the REV Illinois incentive program and aligns with the state's Clean and Reliable Grid Affordability Act; the financial impact on Exelon itself is not quantified in the release.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Illinois grid-modernization tailwind — ComEd interconnection support for the state's largest commercial battery storage project, modest read-through for Exelon."},"keyFigures":{"customDimensions":{"interconnection_rebate":"$300 per kilowatt-hour","demonstration_project_size":"5-MWh","dg_rebate_program_milestone":"$350 million","home_battery_example_rebate":"$4,050"}},"quotedText":"ComEd is committed to supporting business growth by making the grid investments needed to deliver industry-leading reliability at rates that are well below the average commercial and industrial rates for the top 20 largest metropolitan areas.","namedEntities":{"people":[{"name":"Gil Quiniones","role":"President and CEO of ComEd"},{"name":"Greg Peloquin","role":"EVP and GM of Power & Microwave Technologies and Green Energy Solutions, Richardson Electronics"},{"name":"Christy George","role":"President and CEO, Illinois Economic Development Corporation"},{"name":"Mark Denzler","role":"President & CEO, Illinois Manufacturers' Association"},{"name":"Dan Ugaste","role":"State Representative, 65th District"},{"name":"Jeff Keicher","role":"State Representative, 70th House District"},{"name":"Rick Williams","role":"Kane County Commissioner"}],"products":["211-kWh battery storage system","422-kWh battery storage system","760-kWh battery storage system","5-MWh battery storage system","pitch energy modules for wind turbines"],"companies":[{"name":"ComEd","ticker":"EXC","relationship":"unit of Exelon; interconnection support"},{"name":"Richardson Electronics, Ltd.","ticker":"RELL","relationship":"project developer/manufacturer"},{"name":"Exelon Corporation","ticker":"EXC","relationship":"filer; parent of ComEd"},{"name":"Gotion Illinois","relationship":"partner"},{"name":"Illinois Economic Development Corporation","relationship":"supporting organization"},{"name":"Illinois Manufacturers' Association","relationship":"supporting organization"}],"dollarAmounts":[{"amount":"$350 million","context":"ComEd Distributed Generation Rebate Program milestone"},{"amount":"$300 per kilowatt-hour","context":"upfront rebate for qualifying battery storage"},{"amount":"$4,050","context":"example rebate for a 13.5-kWh home battery"}]},"materialImpact":{"score":2,"reasoning":"The news centers on Richardson Electronics' expansion and a 5-MWh battery storage demonstration project; ComEd (a unit of the filer EXC) plays only a supporting interconnection role. No material financial figures or capital commitments for Exelon are disclosed."},"tickerRelevance":{"others":[{"ticker":"RELL","relevance":"partner"}],"primary":"EXC"},"globalImportance":22,"audienceRelevance":18,"eventTypeSecondary":["partnership"],"importanceComponents":{"filerRole":"supporting utility, not project principal","tickerTier":"large-cap utility","eventGravity":"regional demonstration project announcement","financialQuantification":"none for filer"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"neutral","material_impact_score":2,"narrative":"ComEd, a unit of Exelon (NASDAQ: EXC), joined Richardson Electronics (NASDAQ: RELL) to announce the manufacturer's expansion and plans to install Illinois' largest commercial battery energy storage system — a 5-MWh demonstration project at its La Fox facility.\n\nComEd is supporting the project through its customer interconnection process and engineering studies, with projects like this eligible for the utility's Distributed Generation Rebate Program, which recently hit a $350 million milestone.\n\nThe initiative is backed by the REV Illinois incentive program and aligns with the state's Clean and Reliable Grid Affordability Act; the financial impact on Exelon itself is not quantified in the release.","key_figures":{"customDimensions":{"interconnection_rebate":"$300 per kilowatt-hour","demonstration_project_size":"5-MWh","dg_rebate_program_milestone":"$350 million","home_battery_example_rebate":"$4,050"}},"named_entities":{"people":[{"name":"Gil Quiniones","role":"President and CEO of ComEd"},{"name":"Greg Peloquin","role":"EVP and GM of Power & Microwave Technologies and Green Energy Solutions, Richardson Electronics"},{"name":"Christy George","role":"President and CEO, Illinois Economic Development Corporation"},{"name":"Mark Denzler","role":"President & CEO, Illinois Manufacturers' Association"},{"name":"Dan Ugaste","role":"State Representative, 65th District"},{"name":"Jeff Keicher","role":"State Representative, 70th House District"},{"name":"Rick Williams","role":"Kane County Commissioner"}],"products":["211-kWh battery storage system","422-kWh battery storage system","760-kWh battery storage system","5-MWh battery storage system","pitch energy modules for wind turbines"],"companies":[{"name":"ComEd","ticker":"EXC","relationship":"unit of Exelon; interconnection support"},{"name":"Richardson Electronics, Ltd.","ticker":"RELL","relationship":"project developer/manufacturer"},{"name":"Exelon Corporation","ticker":"EXC","relationship":"filer; parent of ComEd"},{"name":"Gotion Illinois","relationship":"partner"},{"name":"Illinois Economic Development Corporation","relationship":"supporting organization"},{"name":"Illinois Manufacturers' Association","relationship":"supporting organization"}],"dollarAmounts":[{"amount":"$350 million","context":"ComEd Distributed Generation Rebate Program milestone"},{"amount":"$300 per kilowatt-hour","context":"upfront rebate for qualifying battery storage"},{"amount":"$4,050","context":"example rebate for a 13.5-kWh home battery"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-12T17:21:06.599Z","global_importance":22,"audience_relevance":18,"importance_components":{"filerRole":"supporting utility, not project principal","tickerTier":"large-cap utility","eventGravity":"regional demonstration project announcement","financialQuantification":"none for filer"}},"durationMs":6364,"modelName":"glm-5.3-flashx"}}