Constellation Inks Deal With Major U.S. Utility for 100 Percent Hourly Carbon-Free Energy Matching

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[{"type":"text","content":"\nCommonwealth 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\n\n\n BALTIMORE--(BUSINESS WIRE)--\nConstellation (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.\n\n\nThe 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.\n\n\n“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.”\n\n\nComEd’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.\n\n\n“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 ...

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