Air Emissions Report Confirms Constellation Produces the Most Carbon-Free Electricity and Has the Cleanest Generation Fleet Among Large Power Producers
September 08 2022 - 9:57AM
Business Wire
Next cleanest peer company has nearly quadruple
the rate of carbon dioxide emissions as Constellation
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy, has by far the lowest rate of carbon dioxide
emissions among the 20 largest investor-owned power producers in
the United States, according to an independent analysis based on
publicly reported air emissions.
Released today, the latest Benchmarking Air Emissions of the 100
Largest Electric Power Producers in the United States report showed
that the next cleanest company among the group of 20 had nearly
four times the rate of carbon dioxide emissions as Constellation.
Constellation’s fleet of nuclear, solar, wind and hydro plants
produce about 10 percent of the nation’s carbon-free energy. Nearly
90 percent of the company’s annual energy output comes from
carbon-free sources.
“While we have made tremendous progress in lowering emissions,
the climate crisis remains an urgent threat and we must continue
working toward a more sustainable, clean energy future,” said Joe
Dominguez, president and CEO of Constellation. “We are committed to
our goal to produce 100 percent of our electricity from carbon-free
resources by 2040, while investing in new and emerging technology,
increasing domestic energy security and supporting job growth and
equitable economic development in the communities we serve.”
The emissions report benchmarks key air pollutant emissions --
including nitrogen oxide, sulfur dioxide, carbon dioxide and
mercury -- from the 100 largest U.S. power producers. It relies
upon publicly reported generation and emissions data from the U.S.
Energy Information Administration and the U.S. Environmental
Protection Agency and has established a clear record of the
sector’s environmental performance. The report was based on 2021
data, prior to Constellation’s separation from its former parent
company, Exelon, in February 2022. Constellation owns and operates
all of Exelon’s former generation assets.
In February 2022, Constellation launched as a standalone company
with a nation-leading pledge to deliver 95 percent carbon-free
electricity by 2030 and 100 percent by 2040.
Constellation is pursuing multiple technologies to help the
company and its customers lower emissions. The company received a
U.S. Department of Energy (DOE) grant to test the benefits of using
nuclear energy to produce hydrogen at its Nine Mile Nuclear Station
on Oswego, N.Y. The company is installing a proton exchange
membrane (PEM) electrolyzer that will separate the hydrogen and
oxygen molecules in water, resulting in carbon-free hydrogen.
Sustainable fuels and other products produced with hydrogen hold
the key to decarbonizing industries and processes that defy easy
climate solutions, such as long-haul shipping, agriculture,
steelmaking and aviation, among others. Constellation is seeking to
expand hydrogen production to other plants in its fleet as part of
a broader DOE effort to develop the hydrogen economy and is
exploring ways to reduce emissions at its fossil plants by blending
clean hydrogen with natural gas.
The company received a separate DOE grant in April to explore
the potential for direct air capture technology at the company’s
Byron nuclear plant in Northern Illinois. While nuclear plants
produce no carbon emissions, direct air capture technology removes
carbon dioxide directly from the atmosphere, a possible
next-generation technology to combat the climate crisis.
Among its other climate initiatives, Constellation has partnered
with Microsoft on the development of a 24/7/365 carbon-free energy
matching technology that will help customers achieve true zero
emissions, as opposed to the current practice of annualizing
renewable energy certificates and credits. The product will match a
customer’s energy needs with local, carbon-free energy sources on
an hour-by-hour basis.
You can learn more about Constellation’s efforts to accelerate
the transition to a carbon-free future, mitigate the climate crisis
and support energy equity and environmental justice in our 2022
Sustainability Report.
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 and provide 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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Paul Adams Corporate Communications 410-470-4167
paul.adams@constellation.com
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