Constellation’s 2023 Sustainability Report Highlights Progress on Clean Energy Transition and Community Impact
20 Luglio 2023 - 2:00PM
Business Wire
Continued investments in carbon-free energy,
new customer solutions and underserved communities advance
Constellation’s efforts to lead the nation’s clean energy
transition
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy, released its 2023 Sustainability Report today,
detailing milestones in the company’s mission to lead the fight
against the climate crisis with energy that is clean, reliable and
affordable. The report also measures Constellation’s progress in
meeting its commitments to workforce development as well as
diversity, equity and inclusion to help ensure that the economic
and environmental gains from the energy transition benefit all
communities, including those historically underserved.
In Constellation’s first full year as a standalone Fortune 200
company, the unique value of its carbon-free energy fleet was
affirmed with passage of the Inflation Reduction Act (IRA), which
recognized the vital role nuclear energy will play in meeting
consumer demand for clean, reliable electricity. As the report
highlights, Constellation’s fleet of nuclear, hydro, solar and wind
assets accounted for more than 10% of the nation’s clean energy
last year. About 90% of the energy Constellation produced in 2022
was carbon-free and the company remains focused on its goal to
achieve 100% carbon-free generation by 2040.
“Since day one, we’ve been focused on accelerating the
transition to a carbon-free future and uplifting the communities we
serve, and this report reflects our progress,” said Joe Dominguez,
president and CEO of Constellation. “This year again demonstrated
that America needs energy that is both clean and available when and
where customers across the country need it. That’s why we are
innovating products that will help our customers reduce greenhouse
gas emissions, advocating for policies that will help our nation
advance reliable, carbon-free energy, and working to ensure that
the benefits of the energy transition are shared by all.”
Below are a few highlights from the report:
Producing Clean, Affordable
Hydrogen
Constellation made history this year with the launch of nation’s
first nuclear-powered electrolyzer at its Nine Mile Point station,
funded in part through a Department of Energy grant, and stands
ready to invest $900 million to expand clean hydrogen production to
help meet the administration’s Hydrogen Shot goal. Clean hydrogen
powered by nuclear energy will be essential to reducing emissions
from industries such as agriculture, aviation and long-distance
trucking.
Landmark Hourly CFE Matching Agreement
with Microsoft
In 2022, Constellation collaborated with Microsoft to develop an
hourly carbon-free energy matching product that enables companies
to ensure they are powering their operations with clean energy in
every hour of every day. Earlier this year, Microsoft became one of
the first customers to employ this game-changing technology through
an agreement with Constellation to reduce the carbon footprint of a
Virginia data center through hourly matching with up to 35% in
environmental attributes from nuclear power to complement its other
wind and solar purchases. This agreement demonstrates that hourly
carbon-free energy agreements are feasible today, setting an
example for other corporate purchasers as well as policymakers
designing clean energy procurement goals for utilities.
Additional highlights:
- Produced 178 terawatt hours of clean, carbon-free electricity,
enough to power the equivalent of 15 million homes and avoid 126
million metric tons of carbon emissions.
- Delivered on the goal set in year one to provide 100% of
C&I customers with customized reports of their carbon emissions
by the end of 2022.
- Launched its Powering Change workforce development program with
an initial commitment of $1 million in support of nonprofits
working to break down employment barriers for underserved
communities.
- Provided nearly $8 million in company and employee
philanthropic contributions, 87 percent of which supported
organizations, programs and events specifically focused on
underrepresented and underserved populations. Constellation
employees also logged more than 80,000 volunteer service
hours.
- Hired more than 2,000 new employees since February 2022, while
increasing the number of women in the workforce by more than 5% and
the number of ethnically or racially diverse employees by 10%.
- Signed an historic diversity pledge with North America’s
Building Trades aimed at increasing access and advancement
opportunities for underrepresented groups.
- Executed the company’s largest offsite renewable deal to date
in August 2022, an agreement with the City of Chicago enabling the
development of a 593 megawatt solar facility in Illinois.
About Constellation
A Fortune 200 company headquartered in Baltimore, 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 businesses, homes, community aggregations
and public sector customers across the continental United States,
including three fourths of Fortune 100 companies. With annual
output that is nearly 90% carbon-free, our hydro, wind and solar
facilities paired with the nation’s largest nuclear fleet have the
generating capacity to power the equivalent of 15 million homes,
providing about 10% of the nation’s clean energy. We are further
accelerating the nation’s transition to a carbon-free future by
helping our customers reach their sustainability goals, setting our
own ambitious goal of achieving 100% carbon-free generation by
2040, and by investing in promising emerging technologies to
eliminate carbon emissions across all sectors of the economy.
Follow Constellation on LinkedIn and Twitter.
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Dave Snyder Constellation Communications 410-470-9700
david.snyder@constellation.com
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