A wedge clutch, including: an inner race; an outer race with a first inner circumferential surface sloping radially outward in a first axial direction; a wedge plate disposed between the inner and outer races in a radial direction and including a first outer circumferential surface sloping radially outward in the first axial direction; a first displacement element engaged with the wedge plate and arranged to urge the wedge plate in a second axial direction, opposite the first axial direction, to close the clutch to non-rotatably connect the inner and outer races; and a second displacement element arranged to displace the wedge plate in the first axial direction to open the clutch to enable relative rotation between the inner and outer races.