Four local startups working with environmental technology have been selected as part of a group of 10 companies that are sharing $1 million in funding from Exelon’s Climate Change Investment Initiative.

The Chicago-based energy service provider launched this initiative with the focus to support and invest in new technologies addressing climate change. This is the inaugural year for the Climate Change Investment Initiative, which is pledging to invest $20 million overall. The Exelon Foundation, the company’s nonprofit philanthropic arm, manages it.

“Now more than ever, it’s become clear that real, fundamental change often comes from taking action at the local level,” said Chris Gould, Exelon’s SVP of corporate strategy and chief innovation and sustainability officer, in a statement. “We purposely designed the initiative to support early-stage, often-overlooked startups with the potential to make a meaningful, on-the-ground impact on our communities’ climate goals, health and environment.”

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