Constellation to Play Key Role in $1 Billion Clean Hydrogen Hub Awarded by U.S. Department of Energy
16 Outubro 2023 - 9:00AM
Business Wire
Company poised to build world’s largest
nuclear-powered clean hydrogen facility at its LaSalle Clean Energy
Center in Illinois
Constellation (Nasdaq: CEG), the nation’s largest producer of
carbon-free energy, is a major participant in the MachH2 hydrogen
hub recently selected for up to $1 billion by the Department of
Energy (DOE) as part of the bipartisan Infrastructure Investment
and Jobs Act. Constellation will use a portion of the hub funding
to build the world’s largest nuclear-powered clean hydrogen
production facility at its LaSalle Clean Energy Center in Illinois.
The project will produce an estimated 33,450 tons of clean hydrogen
each year and create thousands of good-paying jobs. Constellation
estimates its LaSalle clean hydrogen facility will cost about $900
million, with a portion of the MachH2 award offsetting the
project’s cost.
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Constellation's LaSalle Clean Energy
Center in Illinois (Photo: Business Wire)
The Midwest Alliance for Clean Hydrogen (MachH2) is made up of
more than 70 public and private entities representing every phase
in the hydrogen value chain. The projects are concentrated in
Illinois, Indiana and Michigan, with further representation from
Kentucky, Missouri, Ohio and Wisconsin. With this award, the hub is
poised to unleash billions of dollars in investment, decarbonize
heavy industries, create an estimated 13,600 direct jobs and help
secure U.S. leadership on clean energy.
“We are delighted to be part of this incredibly important hub in
the nation's heartland,” said Joe Dominguez, president and CEO of
Constellation. “In the months leading up to this selection,
Constellation, organized labor partners and business leaders have
urged the administration to provide important guidance implementing
Congress' intention to allow hydrogen production using carbon-free
power from existing nuclear stations to earn tax credits contained
in the Inflation Reduction Act. Without those credits, projects
like this one will not go forward. Today's award is proof positive
that DOE and the administration want existing nuclear energy to
play a vital role in jumpstarting domestic hydrogen production and
we look forward to final Treasury Department guidance. Today is a
great day for America, for clean energy, for jobs and for the
environment.”
Today’s announcement means the MachH2 alliance will enter
negotiations with DOE to finalize details and conditions of the
award.
Constellation’s LaSalle clean hydrogen facility would employ
lessons learned from Constellation’s 1 MW demonstration-scale,
nuclear-powered clean hydrogen production facility at the Nine Mile
Point Clean Energy Center in Oswego, N.Y. Funded in part through a
separate DOE grant, the project began full production in March
2023, making it the first nuclear-powered hydrogen facility of its
size in the U.S.
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/20231016695121/en/
Paul Adams Constellation Communications 667-218-7700
paul.adams@constellation.com
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