Constellation’s First Sustainability Report Details Strategy to Lead the Clean Energy Transition, Fight the Climate Crisis
September 07 2022 - 8:00AM
Business Wire
Reliability of nuclear fleet, strength of
customer-facing business and commitment to equity in energy help
accelerate shift to a clean energy future
Constellation (NASDAQ: CEG), the nation’s largest producer of
clean, carbon-free energy and a leading supplier of energy products
and services, today released its first sustainability report,
highlighting its efforts to accelerate the transition to a
carbon-free future, mitigate the climate crisis and support energy
equity and environmental justice.
Driven by its nearly 12,000 employees last year, Constellation
delivered value to customers, communities and shareholders through
its industry-leading operational performance of the nation’s most
reliable zero-emission generation fleet and its lower-emissions
natural gas assets, as well as a comprehensive suite of clean
energy products and services designed to help customers reduce
their carbon footprints and achieve environmental goals.
“Seven months ago, we launched Constellation as a leader in the
clean energy transition. This report provides a blueprint of where
we are and where we will go,” said Joe Dominguez, president and
CEO, Constellation. “The foundation is the continued operation of
our always-on nuclear fleet, which is unrivaled in producing clean,
reliable electricity and offers added environmental value by
functioning as versatile clean energy centers that will help
decarbonize other sectors of the economy. Coupled with our platform
of customer-focused energy solutions, Constellation will help
America tackle the climate crisis and create family sustaining jobs
and economic opportunities for our communities.”
The Clean Energy Center
Model
The report details an innovative clean energy center model,
powered by always-on carbon-free nuclear plants, that will bring
together new and emerging technologies to help decarbonize other
polluting sectors of the economy. Constellation plans to
leverage the production of its emissions-free nuclear assets by
co-locating with data centers, exploring direct air capture of
carbon dioxide from the atmosphere, and producing clean hydrogen
and other sustainable fuels to reduce industrial, agricultural and
transportation pollution. Fuels made with hydrogen can also be
leveraged to reduce and eventually eliminate carbon from our
lower-emissions natural gas fleet.
24/7/365 Carbon-Free
Energy
This year’s report outlines the need to begin transitioning
toward a more accurate carbon accounting approach, along with the
tools Constellation is helping to pioneer. A true clean energy grid
will require enough carbon-free energy to meet demand for every
hour of every day, ensuring consumers have clean electricity
whenever they need it, for whatever needs to be powered, wherever
they are in the country. Constellation has partnered with Microsoft
to develop a 24/7/365 carbon-free energy (CFE) matching platform to
help customers achieve true-zero emissions, as opposed to the
current practice of annualizing renewable certificates or credits.
Constellation’s 24/7/365 product will be the most advanced, hourly
CFE matching solution of its kind.
Additional Constellation Sustainability
Report Highlights:
- Cemented position as largest U.S. producer of carbon-free
energy, generating 10 percent of the nation’s clean electricity,
nearly as much as its next two competitors combined
- Established Constellation’s industry-leading climate
commitment:
- 95 percent clean owned electricity generation by 2030 and 100
percent clean by 2040
- 100 percent reduction in operational emissions by 2040
- 100 percent of C&I customers provided with customized
carbon emissions reports by the end of 2022
- Produced 163 terawatt hours of zero-emissions electricity in
2021 via our nuclear fleet, enough to power 14.9 million homes
- Equipped our customers with greenhouse gas reports showing the
carbon footprint associated with their energy purchases from our
company to allow them to better assess their carbon emissions,
abatement plans and potential solutions
- Provided $5.2 million in corporate community grants and $5
million in employee donations across 31 states in 2021, 84 percent
of which supported organizations, programs and events specifically
targeted to diverse and underrepresented populations
- Created a DEI Center of Excellence to continuously strengthen
commitments to diversity, equity and inclusion, supporting the
needs of employees, customers and communities
For more information on Constellation’s corporate sustainability
initiatives, please visit constellationenergy.com/csr.
About Constellation Constellation Energy Corporation
(Nasdaq: CEG) is the nation’s largest producer of clean,
carbon-free energy and a leading supplier of energy products and
services to millions of homes, institutional customers, the public
sector, community aggregations and businesses, including three
fourths of Fortune 100 companies. A Fortune 200 company
headquartered in Baltimore, our fleet of nuclear, hydro, wind and
solar facilities have the generating capacity to power
approximately 20 million homes, providing 10 percent of all
carbon-free energy on the grid in the U.S. Our fleet is helping to
accelerate the nation’s transition to clean energy with more than
32,400 megawatts of capacity and annual output that is nearly 90
percent carbon-free. We have set a goal to achieve 100 percent
carbon-free power generation by 2040 by leveraging innovative
technology and enhancing our diverse mix of hydro, wind and solar
resources paired with the nation’s largest nuclear fleet. Follow
Constellation on Twitter @ConstellationEG.
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Dave Snyder Constellation 410-470-9700
david.snyder@constellation.com
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