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Released July 21, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--On Thursday, Constellation Energy Corporation (NASDAQ:CEG) (Baltimore, Maryland), which operates the U.S.' largest fleet of carbon-free nuclear power plants, provided an update on its clean-energy transition. The utility also has hydropower, solar and wind assets in its portfolio, and noted about 90% of its energy production in 2022 was carbon-free.
Constellation was created in early 2022 when Exelon Corporation (NASDAQ:EXC) (Chicago, Illinois) decided to exit electric generation and focus on its transmission and distribution (T&D) business.
Constellation's 2023 Sustainability Report notes its generation fleet has a capacity of 32,355 megawatts (MW), and 2022 production of more than 178 terawatt-hours of carbon-free electricity--enough energy to power 15 million homes--accounted for more than 10% of the country's clean energy.
Nuclear
Last year, the utility announced it would become one of the three owners of the nuclear-fired, 2,645-MW South Texas Project Electric Generating Station, after acquiring NRG Energy Incorporated's (NYSE:NRG) (Houston, Texas) 44% stake in the plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the plant profile.
The Inflation Reduction Act (IRA) contains billions of dollars in tax credits to support emission-free generation, including nuclear power. Earlier this year, the company said it aims to invest $800 million to add additional generation to its Braidwood and Byron nuclear power stations in Illinois, but said the effort would not be possible without federal support.
For more information on Constellation's efforts to boost nuclear generation, and maintenance activity at the two facilities, see Industrial Info's February 23, 2023, article - U.S. Nuclear Power Experiencing Revival of Sorts, and December 20, 2022, article - Inflation Reduction Act Lifts Prospects for Constellation Energy.
Clean Hydrogen
Last year, Constellation entered the country's first nuclear-powered electrolyzer into service, to produce green hydrogen at its Nine Mile Point Nuclear Power Station in New York. The project received a $5.8 million grant from the U.S. Department of Energy (DOE). Subscribers can click here to read more information.
In terms of active efforts, the company plans to invest $900 million to construct a green hydrogen plant in Topeka, Kansas. The project is in the development stage, with construction planned to begin next year. Subscribers to the GMI Chemical Processing Project Database can click here to read a detailed project report.
Constellation is part of the Midwest Alliance for Clean Hydrogen (MachH2), which has submitted an application to the DOE to develop a regional clean hydrogen production and distribution hub, funded under the Infrastructure Investment and Jobs Act (IIJA).
Solar and Wind
Constellation is at work on a $80 million repower project at its Criterion Windfarm in Oakland, Maryland, which includes replacing 28 wind turbines with new generators to generate more power from the 70-MW windfarm that went into operation in 2010. The project is expected to wrap up by the end of the year. Subscribers to the GMI Power Project Database can click here for the project report.
Meanwhile, the company's Constellation Offsite Renewables (CORe) program connects its commercial electricity customers to large-scale renewable energy projects by signing related power purchase agreements (PPAs). According to a 2022 brochure on the program, it has matched customers with more than 1,800 MW of renewable projects since 2018.
One such project under construction with PPAs is Swift Current Energy's (Boston, Massachusetts) 592.8-MW Double Black Diamond Solar Plant in central Illinois, from which Constellation will provide power to commercial entities such as TransUnion (NYSE:TRU) (Chicago, Illinois), State Farm Insurance (Bloomington, Indiana) and the City of Chicago. Site preparation for the $520 million Double Black Diamond project is underway, and commercial operation is expected by fall 2024. Subscribers can click here for the project report.
Industrial Info is tracking $2.5 billion worth of projects from the electricity provider, and in June, Constellation announced it still had about $1.2 billion in capital spending left to be allocated through 2024. It did not name specific projects. Subscribers can click here for a full list of active projects attributed to Constellation Energy.
Subscribers to the GMI database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Constellation was created in early 2022 when Exelon Corporation (NASDAQ:EXC) (Chicago, Illinois) decided to exit electric generation and focus on its transmission and distribution (T&D) business.
Constellation's 2023 Sustainability Report notes its generation fleet has a capacity of 32,355 megawatts (MW), and 2022 production of more than 178 terawatt-hours of carbon-free electricity--enough energy to power 15 million homes--accounted for more than 10% of the country's clean energy.
Nuclear
Last year, the utility announced it would become one of the three owners of the nuclear-fired, 2,645-MW South Texas Project Electric Generating Station, after acquiring NRG Energy Incorporated's (NYSE:NRG) (Houston, Texas) 44% stake in the plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the plant profile.
The Inflation Reduction Act (IRA) contains billions of dollars in tax credits to support emission-free generation, including nuclear power. Earlier this year, the company said it aims to invest $800 million to add additional generation to its Braidwood and Byron nuclear power stations in Illinois, but said the effort would not be possible without federal support.
For more information on Constellation's efforts to boost nuclear generation, and maintenance activity at the two facilities, see Industrial Info's February 23, 2023, article - U.S. Nuclear Power Experiencing Revival of Sorts, and December 20, 2022, article - Inflation Reduction Act Lifts Prospects for Constellation Energy.
Clean Hydrogen
Last year, Constellation entered the country's first nuclear-powered electrolyzer into service, to produce green hydrogen at its Nine Mile Point Nuclear Power Station in New York. The project received a $5.8 million grant from the U.S. Department of Energy (DOE). Subscribers can click here to read more information.
In terms of active efforts, the company plans to invest $900 million to construct a green hydrogen plant in Topeka, Kansas. The project is in the development stage, with construction planned to begin next year. Subscribers to the GMI Chemical Processing Project Database can click here to read a detailed project report.
Constellation is part of the Midwest Alliance for Clean Hydrogen (MachH2), which has submitted an application to the DOE to develop a regional clean hydrogen production and distribution hub, funded under the Infrastructure Investment and Jobs Act (IIJA).
Solar and Wind
Constellation is at work on a $80 million repower project at its Criterion Windfarm in Oakland, Maryland, which includes replacing 28 wind turbines with new generators to generate more power from the 70-MW windfarm that went into operation in 2010. The project is expected to wrap up by the end of the year. Subscribers to the GMI Power Project Database can click here for the project report.
Meanwhile, the company's Constellation Offsite Renewables (CORe) program connects its commercial electricity customers to large-scale renewable energy projects by signing related power purchase agreements (PPAs). According to a 2022 brochure on the program, it has matched customers with more than 1,800 MW of renewable projects since 2018.
One such project under construction with PPAs is Swift Current Energy's (Boston, Massachusetts) 592.8-MW Double Black Diamond Solar Plant in central Illinois, from which Constellation will provide power to commercial entities such as TransUnion (NYSE:TRU) (Chicago, Illinois), State Farm Insurance (Bloomington, Indiana) and the City of Chicago. Site preparation for the $520 million Double Black Diamond project is underway, and commercial operation is expected by fall 2024. Subscribers can click here for the project report.
Industrial Info is tracking $2.5 billion worth of projects from the electricity provider, and in June, Constellation announced it still had about $1.2 billion in capital spending left to be allocated through 2024. It did not name specific projects. Subscribers can click here for a full list of active projects attributed to Constellation Energy.
Subscribers to the GMI database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
