Constellation to File Comments Offering Support for New EPA Guidelines to Reduce Carbon Emissions From Power Plants
07 Agosto 2023 - 9:00AM
Business Wire
Company says new guidelines reflect investments
many power generators are already making and urges industry peers
to reject efforts to block the measure
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy and the third largest energy producer overall,
will file comments with the U.S. Environmental Protection Agency
(EPA) tomorrow offering strong support for the agency’s recently
proposed guidelines for reducing carbon emissions from fossil power
plants. In the comments, Constellation offers suggestions to
further improve the guidelines and presents a contrary view to
major electric producers who have rejected EPA’s efforts to address
the industry’s emissions.
“Anyone who has lived through this record-shattering summer can
plainly see that we need to move faster to address the climate
crisis, and these guidelines offer a roadmap for the electric
industry to step up its efforts,” said Joe Dominguez, president and
CEO of Constellation. “Far from being too restrictive, the
guidelines offer flexibility and build on technology and processes
that the industry is already putting in use to great effect today.
I am disappointed to see many of my peers represented by the Edison
Electric Institute and others working to block these very practical
measures rather than offering constructive solutions and
recognizing the imperative of moving our industry toward a
carbon-free future, as we inevitably must do.”
In its proposal, EPA acknowledges that fossil generation will be
required for many years to come in order to maintain grid
reliability, and it offers flexible solutions to gradually lower
emissions. The guidelines also reflect measures many energy
companies – including Constellation – have already announced they
will take in response to market factors and to advance their own
sustainability and climate goals. For example, the proposal leans
on technologies such as clean hydrogen blending and carbon capture,
utilization and storage, or CCUS, to meet the new standards.
Constellation has already invested in these technologies to make
natural gas generation cleaner. In May, the company set an industry
record for blending hydrogen with natural gas at the Hillabee
Generating Station in Alabama. Our testing at Hillabee showed that
with minimal modifications, an existing gas plant can safely
operate on a blend of nearly 40 percent clean hydrogen,
demonstrating that this technology can be used today to
meaningfully reduce emissions. In addition, the company is a
strategic investor in NET Power Inc, which employs a technology
capable of capturing nearly 100 percent of carbon dioxide emissions
from natural gas generation. Numerous other major power producers
have announced similar investments, showing how the industry is
capable of meeting the EPA’s proposed timeline using existing
technology.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230807391859/en/
Paul Adams Corporate Communications 410-470-9700
paul.adams@constellation.com
Constellation Energy (NASDAQ:CEG)
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