Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, released its 2024 Sustainability Report today. The report highlights Constellation’s sustainable business strategy aimed at accelerating the nation’s transition to carbon-free energy, addressing the climate crisis, and delivering long-term value to customers, communities, employees, and shareholders.
Key points from the report include:
- Produced 178 terawatt-hours of clean, carbon-free electricity in 2023, enough to power 16 million homes and avoid 125 million metric tons of carbon emissions.
- Achieved a leading nuclear fleet capacity factor by remaining online 94.4% of the time.
- Sought to renew licenses for the Clinton and Dresden clean energy centers in Illinois, potentially providing as much additional carbon-free power as all U.S. renewable energy over the past 40 years.
- Announced an $800 million investment to increase the output of the Braidwood and Byron clean energy centers in Illinois by 158 megawatts.
- Acquired a partial ownership stake in the South Texas Electric Generating Station, a 2,645-MW dual-unit nuclear plant in Bay City, Texas.
- Completed the repowering of the Criterion wind project in Maryland, upgrading turbines to increase clean energy production by 79,000 MWh and extend its life by 20 years.
- Collaborated with LevelTen to form the Granular Certificate Trading Alliance, supporting hourly clean energy matching for businesses.
- Grew the Constellation Offsite Renewables (CORe) business, supporting 2,600 MW of new renewable energy capacity since 2019.
- Earned a Great Place To Work® Certification and ranked ninth on Barron’s list of the 100 Most Sustainable U.S. companies.
- Spent over $521 million with diverse suppliers, representing 21% of the company’s total supplier spend.
- Supported economic growth and workforce development with a $1.25 million annual Powering Change investment.
- Contributed $18.7 million in charitable donations, with $13.6 million from the company and $5.1 million from employees, who also volunteered over 102,000 hours.
Constellation’s president and CEO, Joe Dominguez, emphasized the company’s commitment to leading America’s clean energy transition, supporting customer sustainability goals, advocating for sound policies, and ensuring all Americans benefit from clean, reliable, and affordable energy. Constellation, with its 14,000 employees and the nation’s largest zero-emissions nuclear fleet, generated about 10% of the country’s clean energy last year and continues to invest in expanding its clean energy capacity.
