For a set $S$ of vertices of a graph $G$, a vertex $u$ in $V(G)\setminus S$, and a vertex $v$ in $S$, let ${\rm dist}_{(G,S)}(u,v)$ be the distance of $u$ and $v$ in the graph $G-(S\setminus \{ v\})$. Dankelmann et al. (Domination with exponential decay, Discrete Math. 309 (2009) 5877-5883) define $S$ to be an exponential dominating set of $G$ if $w_{(G,S)}(u)\geq 1$ for every vertex $u$ in $V(G)\setminus S$, where $w_{(G,S)}(u)=\sum\limits_{v\in S}\left(\frac{1}{2}\right)^{{\rm dist}_{(G,S)}(u,v)-1}$. Inspired by this notion, we define $S$ to be an exponential independent set of $G$ if $w_{(G,S\setminus \{ u\})}(u)<1$ for every vertex $u$ in $S$, and the exponential independence number $��_e(G)$ of $G$ as the maximum order of an exponential independent set of $G$. Similarly as for exponential domination, the non-local nature of exponential independence leads to many interesting effects and challenges. Our results comprise exact values for special graphs as well as tight bounds and the corresponding extremal graphs. Furthermore, we characterize all graphs $G$ for which $��_e(H)$ equals the independence number $��(H)$ for every induced subgraph $H$ of $G$, and we give an explicit characterization of all trees $T$ with $��_e(T)=��(T)$.