Constellation at Climate Week: Nuclear Energy Is Essential to Accelerating the Transition to a Carbon-Free Economy
18 Setembro 2023 - 10:00AM
Business Wire
Constellation senior leader will address
company’s role in meeting America’s climate goals, including
extending life of our nuclear fleet, producing carbon-free hydrogen
to decarbonize other sectors of the economy and helping companies
meet their climate goals with carbon-free resources in every hour
of every day
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy, will lay out a strategy for how nuclear energy
combined with other clean technologies can achieve America’s
climate goals during Climate Week NYC, which brings together
climate leaders from around the world for the largest annual
climate event of its kind. In a pair of panel discussions, David
Brown, Constellation’s senior vice president of Federal Government
Affairs & Public Policy, will explain how matching customer
demand for electricity with clean energy in every hour of every day
is essential to meeting our nation’s climate goals. He will also
discuss how the Inflation Reduction Act (IRA) of 2022 and other
climate policies are driving investment in clean energy
technologies, such as carbon-free hydrogen and existing and
advanced nuclear energy, among others. In addition, the discussion
will explore roadblocks to achieving the goals laid out in the IRA
and other U.S. climate policies, and how policymakers can address
them.
“Nuclear energy is key to solving the climate crisis,” Brown
said. “The path to zero emissions is possible today if we focus on
getting the policies right and removing roadblocks to deploying
carbon-free resources and building a robust clean hydrogen
infrastructure. We are demonstrating the possible in
Constellation’s own operations, starting with our work to prove the
viability of clean hydrogen, extend the life and output of our
reliable clean-energy nuclear fleet, and provide companies with the
technology to meet their electricity needs with carbon-free
resources in every hour of every day. These and other clean
technologies are scalable and affordable if policymakers create the
right incentives and hold industry accountable.”
Brown will be part of a Sept. 19 panel discussion titled
“Cleantech: Silver Bullet or red herring on net-zero?” A live
stream of the event is available here. Prior to that, Brown will
take part in a side-event hosted by the Atlantic Council focused on
the role of zero-carbon nuclear energy in meeting climate targets.
A live stream of this event can be found here.
Constellation joins Climate Week 2023 as a longtime advocate for
policies that accelerate the transition to clean energy. The
company has advocated for IRA implementation rules that clarify the
essential role of nuclear energy in scaling clean hydrogen
production to help decarbonize the industrial sector and other
parts of the economy that are hard to power with electricity. If
the production tax credit for clean hydrogen in the IRA is
implemented as Congress intended, Constellation is prepared to
invest up to $900 million on nuclear-powered clean hydrogen
projects over the next three years. Most recently, the company also
filed comments with the U.S. Environmental Protection Agency in
support of the agency’s proposed guidelines for reducing carbon
emissions from fossil power plants.
During his remarks at Climate Week, Brown will discuss the
impact of the IRA on clean energy investment, starting with
investments Constellation is making in its own operations. While
many states had already reached that conclusion, the IRA is the
first federal policy that recognizes that maintaining our existing
nuclear fleet is critical to achieving our emission reduction goals
to address the climate crisis. Support for nuclear in the IRA
creates an opportunity for Constellation to extend the licenses of
its nuclear plants by an additional 20 years. Just extending the
life of Constellation’s fleet will create as much additional
carbon-free power as all the renewable energy built in America over
the past 40 years.
In addition, Constellation is investing $800 million in new
equipment to increase the output of two of its nuclear plants in
Illinois, and another $350 million to increase the lifespan and
output of its wind energy assets.
These investments come as bipartisan support for nuclear energy
is on the rise, and the value of clean, dispatchable, always-on
nuclear energy is recognized by policymakers, climate advocates and
consumers as key to the energy transition. During Climate Week,
Constellation will announce that its zero-carbon nuclear fleet —
the nation’s largest -- ran at near 100 percent capacity throughout
the planet’s hottest summer on record.
The company also is breaking new ground with technology it
developed with Microsoft to help companies match their power needs
with clean electricity on an hourly basis. Microsoft became the
first customer of the new technology after announcing an agreement
with Constellation that will help power one of the software giant’s
Virginia data centers with nearly 100% clean energy around the
clock, relying on the environmental attributes of nuclear energy to
fill the gaps from renewable energy. Last week, Constellation
announced an agreement with Chicago-based electric utility ComEd
that will allow ComEd to power all of its 54 offices and metered
facilities with locally produced carbon-free nuclear energy.
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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