CEG

Constellation Offers Nation’s First Corporate Green Bond for Nuclear Energy

Retrieved on: 
Monday, March 18, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Energy, Nuclear, Constellation, CFO, Climate, CNBC, Capital, Sustainalytics, Wind, Carbon, Investment, Nuclear energy, International Capital Market Association, CEG, Loan Market Association, Renewable energy

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, today issued the first corporate green bond in the United States that can be used to finance nuclear energy projects.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, today issued the first corporate green bond in the United States that can be used to finance nuclear energy projects.
  • “With the nation’s first-ever corporate nuclear green bond issuance as part of our long-term financing mix, Constellation and the market have again confirmed: Nuclear investments are long-term sustainability investments.”
    The nuclear green bond offering was based on a new green financing framework that Constellation developed to enable the company to issue green financial instruments.
  • Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, served as Green Structuring agent in Constellation's nuclear green bond offering.
  • “Our bank is pleased to have supported Constellation on the first-ever U.S. corporate green bond with proceeds allocated towards nuclear energy.

Constellation Ranks 9th on Barron’s List of the 100 Most Sustainable U.S. Companies

Retrieved on: 
Thursday, March 7, 2024
Environment, Utilities, Sustainability, Alternative Energy, Energy, Nuclear, Constellation, Commonwealth Edison, Atmosphere, Education, Disability, STEM, CFE, Carbon, Society, Organic, Erg, Organization, National Society, Electricity, ERG, CEG, Microsoft, Woman, Student, Renewable energy

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual “ 100 Most Sustainable Companies ” list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual “ 100 Most Sustainable Companies ” list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions.
  • Constellation, making its debut on the list this year, achieved the highest score of any energy company.
  • Barron’s worked with Calvert Research and Management, a leader in responsible investing, to compile the rankings.
  • Constellation delivered significant community impact on 2023, contributing $18.7 million in combined philanthropic giving in support of more than 4,400 charities nationwide.

Constellation Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Nuclear, Constellation, Carbon, Name, Acquisition, BBB, Certification, Atmosphere, ZEC, Weather, STP, Share repurchase, Table, PTC, S&P, GAAP, Webcast, Organization, Criterion, Energy industry, CEG, Wind, Student, Renewable energy

Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.

Key Points: 
  • Our GAAP Net Loss for the fourth quarter of 2023 was ($36) million, down from $34 million GAAP Net Income in the fourth quarter of 2022.
  • Adjusted EBITDA (non-GAAP) for the fourth quarter of 2023 increased to $1,137 million from $605 million in the fourth quarter of 2022.
  • There were seven non-refueling outage days in the fourth quarter of 2023 and three in the fourth quarter of 2022.
  • Energy capture for the wind and solar fleet was 96.3% in the fourth quarter of 2023, compared with 96.7%1 in the fourth quarter of 2022.

AtmosZero Closes $21 Million in Series A, Moves Full Steam Ahead Toward Electrifying the Boiler Room

Retrieved on: 
Tuesday, February 20, 2024
Machinery, Other Energy, Utilities, Hardware, Sustainability, Alternative Energy, Energy, Technology, Other Manufacturing, Environment, Green Technology, Other Technology, Manufacturing, Constellation, Climate change mitigation, Atmosphere, Steam, General partnership, Natural gas, Food, Entrepreneurship, Carbon, Vision, Heat, New Belgium Brewing Company, CEG, Partnership, Renewable energy

“The path to net-zero emissions runs through the boiler room and requires the replacement of existing fossil-based systems," said Michael Kearney, General Partner at Engine Ventures. “Reducing reliance on fossil fuels isn't just an environmental imperative -- it's a geopolitical one, too. We are thrilled to support the AtmosZero team's mission to decarbonize industrial emissions with its scalable, drop-in electrified solution."

Key Points: 
  • AtmosZero , the company on a mission to decarbonize steam, announced today the close of a $21 million Series A round co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology.
  • “AtmosZero is solving for industrial decarbonization by electrifying the boiler room and building a scalable, drop-in replacement product rather than complex and expensive customized projects,” said Addison Stark, CEO and Co-Founder of AtmosZero.
  • We are thrilled to support the AtmosZero team's mission to decarbonize industrial emissions with its scalable, drop-in electrified solution."
  • AtmosZero will use this investment to advance both efforts including executing the commercial pilot and expanding the company’s European reach.

Constellation Seeks License Renewal of Clinton Clean Energy Center for Additional 20 Years

Retrieved on: 
Thursday, February 15, 2024
Other Energy, Utilities, Environment, Alternative Energy, Energy, Climate Change, Green Technology, Nuclear, Constellation, Acquisition, Weather, Multimedia, Criterion Wind Project, Education, Investment, Power plant engineering, Carbon, Wind, Climate change, Nuclear energy, Nuclear Regulatory Commission, Policy, Tax, Electricity, Criterion, CEG, NRC, Renewable energy

Constellation, the nation’s largest producer of carbon-free energy, has filed a license renewal application with the Nuclear Regulatory Commission (NRC) for its Clinton Clean Energy Center in Clinton, Ill., marking the latest in a series of investments the company is making to help address the climate crisis and support the regional economy.

Key Points: 
  • Constellation, the nation’s largest producer of carbon-free energy, has filed a license renewal application with the Nuclear Regulatory Commission (NRC) for its Clinton Clean Energy Center in Clinton, Ill., marking the latest in a series of investments the company is making to help address the climate crisis and support the regional economy.
  • View the full release here: https://www.businesswire.com/news/home/20240214721848/en/
    Constellation has filed a license renewal application with the Nuclear Regulatory Commission for its Clinton Clean Energy Center in Clinton, Ill.
  • Nuclear energy plants are the only carbon-free energy resources that can operate 24/7 in all weather conditions.
  • Renewing the license of Clinton would provide the State of Illinois an estimated 179 terawatt hours of additional carbon-free electricity over the 20-year extended lifespan of the license.

Constellation Increases Charitable Giving by 50%, Eclipses 100,000 Employee Volunteer Hours in 2023

Retrieved on: 
Thursday, February 8, 2024
Other Energy, Professional Services, Utilities, Philanthropy, Nuclear, Environmental Health, Alternative Energy, Energy, Environment, Fund Raising, Other Philanthropy, Environmental, Social and Governance (ESG), Constellation, Climate, STEM, Equity, Student, CEG, University, YES, Organization, Learning, Organic, Education

Constellation’s Corporate and Foundation giving totaled $13.6 million while its 13,000 employees accounted for the remaining charitable funding, providing $5.1 million in philanthropic support.

Key Points: 
  • Constellation’s Corporate and Foundation giving totaled $13.6 million while its 13,000 employees accounted for the remaining charitable funding, providing $5.1 million in philanthropic support.
  • Employees also logged more than 102,000 volunteer service hours in support of various community causes.
  • The Foundation supports causes that are aligned with the company’s giving pillars of Climate & Environment, Equity & Education and Employing Giving & Volunteerism.
  • Additional notes from Constellation’s 2023 giving and volunteerism include:
    Company and Foundation giving increased by 70% year-over-year.

Robert Denton Elected as Chairman of the Board of Trustees

Retrieved on: 
Friday, January 5, 2024
Construction & Property, Defense, REIT, Other Defense, Constellation, Real estate investment trust, Mid-Atlantic (United States), Government, The Electric Company, Trustee, Constellation Energy, CEG, CDP, Management

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Board, effective January 1, 2024.

Key Points: 
  • COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Board, effective January 1, 2024.
  • Mr. Denton has served as an Independent Trustee of the Company since 1999 and is currently the Chairman of the Nominating and Corporate Governance Committee.
  • Thomas F. Brady resigned as Chairman of the Board, effective December 31, 2023, but remains on the Board.
  • Thomas F. Brady had been Chairman of the Company’s Board since May 2013 and has been a Member of the Board since January 2002.

Constellation Joins Climate Leaders at COP28; Signs Industry Pledge to Triple Nuclear Energy by 2050

Retrieved on: 
Wednesday, December 6, 2023
Environmental Health, Other Energy, Nuclear, Utilities, Green Technology, Oil, Gas, Coal, Alternative Energy, Environment, Energy, Sustainability, Constellation, Carbon, Public policy, Climate change, Policy, Organization, COP28, Weather, Wind, Nuclear energy, Commonwealth Edison, Microsoft, CEG, Renewable energy

“In the closing days of the hottest year on record, world leaders are sending a clear message about the unique value of nuclear energy as a climate solution,” Brown said.

Key Points: 
  • “In the closing days of the hottest year on record, world leaders are sending a clear message about the unique value of nuclear energy as a climate solution,” Brown said.
  • Pending continued policy support for nuclear energy, the company also intends to seek 20-year license extensions at all of its nuclear plants, starting with the Clinton and Dresden Clean Energy Centers in Illinois.
  • Chicago-based ComEd, one of the nation’s largest electric utilities, signed a similar agreement with the goal of powering all of its facilities with carbon-free nuclear energy supplied by Constellation.
  • In addition, Constellation is investing $350 million to extend the lifespan and increase the output of its wind energy fleet.

Center for Energy Workforce Development Recognizes Constellation with Community Partnership Award

Retrieved on: 
Tuesday, November 21, 2023
Human Resources, Professional Services, Alternative Energy, Energy, DEI (Diversity, Equity and Inclusion), Other Education, University, Primary, Secondary, Education, Constellation, Woman, Energy industry, STEM, Organization, Student, Multimedia, Culture, Li Hsi-mou, Kenosha/Racine Lead-Free Communities Partnership, Natural gas, Bias, CEG, Power, Renewable energy, Management, D.C

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, has received the Community Partnership Award from The Center for Energy Workforce Development (CEWD) for its work in building a skilled energy workforce that represents the diverse communities it serves.
  • The award recognizes Constellation’s multi-faceted efforts to establish lasting and impactful relationships with the local community — including educators, minority facing organizations, workforce development nonprofits and others — to fuel the energy talent pipeline.
  • CEWD is a non-profit consortium of electric, natural gas, nuclear and renewable energy companies, and their associations, committed to the development of a skilled, diverse energy workforce.
  • View the full release here: https://www.businesswire.com/news/home/20231121410572/en/
    Representatives from Constellation were on hand to accept the Center for Energy Workforce Development's "Community Partnership" award November 16 in Washington, D.C. (Photo: Business Wire)
    Representatives from Constellation were on hand to receive the honor November 16 during CEWD’s Workforce Development Summit and inaugural Diversity, Equity, and Inclusion Forum in Washington, D.C.
    “Constellation is dedicated to enabling Americans of all backgrounds to access good-paying jobs, be a part of the growing energy workforce and experience the benefits of the clean energy transition,” said Joe Dominguez, president and CEO, Constellation.

Constellation Remains No. 1 Producer of Carbon-Free Energy, New Report Confirms

Retrieved on: 
Wednesday, November 15, 2023
Environment, Other Energy, Environmental Health, Utilities, Alternative Energy, Philanthropy, Energy, Nuclear, Other Philanthropy, Constellation, Carbon, Sustainability reporting, Agriculture, Plant, Carbon dioxide, Hydrogen, Primary energy, Multimedia, Weather, Wind, Sulfur dioxide, Nuclear energy, Commonwealth Edison, Natural gas, Atmosphere, Electricity, Microsoft, CEG, Mercury, STP, Transport, Renewable energy

With more than 23,000 megawatts of clean generating capacity, Constellation’s fleet of nuclear, solar, wind and hydro plants produce about 10% of the nation’s carbon-free energy.

Key Points: 
  • With more than 23,000 megawatts of clean generating capacity, Constellation’s fleet of nuclear, solar, wind and hydro plants produce about 10% of the nation’s carbon-free energy.
  • Per the report, zero-carbon resources were the leading source of power generation in the United States in 2022, providing approximately 41% of the nation’s electricity.
  • This year, Constellation announced plans to invest $800 million in new equipment to increase the capacity of its Braidwood and Byron nuclear plants in Illinois.
  • Learn more about Constellation’s efforts to accelerate the transition to a carbon-free future, mitigate the climate crisis and support energy equity and environmental justice in our 2023 Sustainability Report .