Constellation Inks Deal With Major U.S. Utility for 100 Percent Hourly Carbon-Free Energy Matching
14 Setembro 2023 - 10:00AM
Business Wire
Commonwealth Edison (ComEd) signs historic
agreement with Constellation to power its 54 facilities with clean
energy produced where and when it is used, marking another key step
toward a carbon-free economy
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy and a leading supplier of energy products and
services, announced today an agreement that will help ComEd, one of
the nation’s largest utilities, power all of its 54 offices and
metered facilities with locally produced carbon-free nuclear
energy, every hour of every day. The agreement means ComEd will be
the first investor-owned utility in the nation to power its
facilities with 100 percent clean energy produced at the same time
and place it is consumed.
The ComEd agreement follows a similar one between Constellation
and Microsoft to power one of its Virginia data centers with nearly
100 percent carbon-free nuclear energy, Together, the two
transactions are setting a new standard for how companies across
the U.S. can achieve real emissions reductions.
“Matching clean energy production to the time and place a
customer uses it is the only way we will truly achieve zero carbon
emissions across our economy,” said Joe Dominguez, president and
CEO of Constellation. “Following this summer of record-shattering
weather, it’s clear that hourly matching needs to become the
standard within our industry for the U.S. to have any reasonable
shot at reaching its 2050 climate goals and preventing the worst
effects of climate change. Our agreements with ComEd and Microsoft
show that American businesses want a better approach to carbon
accounting, and that nuclear energy is key to delivering it.”
ComEd’s hourly carbon-free energy purchase will match its
anticipated electricity use of about 65,000 megawatt-hours, which
includes its corporate and regional headquarters, reporting
centers, business offices, training and special use facilities and
substations.
“ComEd is committed to doing everything possible to help
Illinois achieve its goal of 100 percent clean energy by 2050, and
that includes reducing the use of fossil fuels and lowering carbon
emissions at our own facilities in every hour of every day,” said
Gil Quiniones, CEO of ComEd. “Constellation’s 100 percent hourly
matching carbon-free energy solution provides an important tool to
address the challenges of climate change.”
Private-sector businesses aren’t the only organizations moving
to hourly matching with clean energy. In a 2021 Executive Order,
the White House recognized hourly carbon-free energy matching as
“critically important to advancing the nation’s clean energy
goals,” directing federal agencies to work together to ensure that
50 percent of all federal buildings are hourly matched with clean
energy by 2030.
Hourly matching represents an evolution in the clean energy
transition. Today, most companies pursuing net-zero goals purchase
annual renewable energy certificates (RECs), which represent units
of clean energy produced by a solar or wind facility located
somewhere in the U.S. during a given year. For example, a
manufacturer in Virginia could buy enough RECs in April in Iowa to
match its annual energy use and then claim its operations in August
run on clean energy. In reality, those annualized RECs represent
energy that was produced halfway across the country at a different
time of day and year. Meanwhile, the manufacturer received most of
its energy from a fossil plant located nearby.
While the sale of RECs has helped spur renewable energy
investment, it has also incentivized developers to build those
facilities in places that already have significant wind and solar
resources, leaving other parts of the country short of clean energy
options. This regional overproduction of renewable energy also
causes problems for local grid operators because there may be no
way to move the excess energy to where it is needed.
In 2022, Constellation and Microsoft announced a collaboration
aimed at addressing this imbalance. The companies developed an
advanced software and analytics solution to help companies match
their energy use every hour of the day with locally produced
carbon-free electricity. Microsoft subsequently became the first
customer to use the technology.
“Our work with Constellation is part of what we hope will become
a movement for businesses of all kinds to transition to truly
carbon-free operations,” said Adrian Anderson, general manager of
renewable and carbon-free energy at Microsoft. “We are pleased to
see that more companies are choosing hourly matching as part of
their sustainability strategy.”
To learn more about how Constellation’s hourly carbon-free
matching solution is helping the nation reach actual-zero
emissions, click here.
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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Paul Adams Constellation Communications 667-218-7700
paul.adams@constellation.com
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