10 Most Profitable Renewable Energy Stocks Now

7. Exelon Corporation (NASDAQ:EXC)  

Upside Potential: 10.53%  

5-Year Net Income CAGR: 1.01%  

TTM Net Income: $2.43 Billion  

Exelon Corporation (NASDAQ:EXC) is one of the largest utility companies in the United States, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities companies; Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

On September 12, Exelon Corporation (NASDAQ:EXC) participated in the Congressional Grid Innovation Expo, where the company showcased innovative projects and emerging technologies that are being used to create a more resilient and reliable electric grid of the future. Exelon Corporation (NASDAQ:EXC) showcased two key innovative projects that are optimizing grid operations with electric vehicles (EVs) and delivering technological solutions that are powering the future.

The first project, Vehicle-to-Grid (V2G) Technology involves retrofitting electric vehicles with bidirectional modular chargers, which will transform them into mobile inverters that can be registered as Distributed Energy Resources (DERs).

The second project, the EV Smart Charge Management Program is designed to prepare for the significant increase in EVs in Exelon Corporation’s (NASDAQ:EXC) Maryland Utilities are expecting nearly two million EVs to demand more electricity over the next decade and present potential challenges for the existing grid infrastructure. To address these challenges, Exelon launched its Smart Charge Management (SCM) pilot program, which allows the company to directly manage EV charging for participating residential customers. The program uses advanced load-balancing algorithms to create customer-centric charging schedules that align with grid needs and mitigate peak demand strain.

The SCM program has achieved a 92% compliance rate among enrolled customers, with 98% of EV charging now occurring during off-peak hours. Exelon Corporation (NASDAQ:EXC) has also exceeded its initial enrollment targets, and BGE has approval from the Maryland Public Service Commission to expand SCM into a full-scale program starting in 2025.