Articles from Constellation

Constellation (Nasdaq: CEG), the nation’s largest producer of clean energy, commends the State of New York’s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company’s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York.

Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., provides the following statement about the U.S. Treasury Department’s reversal of its prior decision to prohibit existing nuclear plants powering clean hydrogen production from qualifying for federal tax credits under Section 45V of the Inflation Reduction Act.

Constellation (Nasdaq: CEG), the nation’s largest producer of clean, emissions-free, reliable energy, has been awarded more than $1 billion in combined contracts by the U.S. General Services Administration (GSA) to supply power to more than 13 government agencies and perform energy savings and conservation measures at five GSA-owned facilities in the National Capital Region. Constellation’s retail subsidiaries will provide the services to the GSA.

Constellation Energy Corporation (NASDAQCEG), the nation’s largest producer of carbon-free energy, today announced America’s first-ever product allowing consumers to power their homes with 100% clean nuclear energy, through a new retail pilot program in Washington, D.C.

Constellation (Nasdaq: CEG), the nation’s largest producer of reliable, emissions-free energy, announced today the appointment of Peter Oppenheimer and Eileen Paterson to the Constellation board of directors, while Laurie Brlas, a long-time independent director, will retire from the company’s board effective Dec. 31. Oppenheimer and Paterson will join the board effective December 16, 2024.

As the country endured yet another brutal summer of extended heatwaves and extreme weather brought upon by climate change, Constellation’s carbon-free clean energy centers ran at nearly full power. The company’s 21 nuclear reactors at 12 sites from the Midwest to the Mid-Atlantic and Northeast operated at a 98.1% capacity factor during the months of June, July and August to keep the lights on and air conditioners humming 24/7 for nearly 15 million homes and businesses.

Constellation’s credit rating has been upgraded by the credit rating firm Moody’s Investor Services (“Moody’s”) based on the company’s improved debt coverage metrics and strong financial performance driven by climate policies that recognize the value of nuclear as a reliable clean energy resource. Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward. The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago. The upgrade by Moody’s follows two similar upgrades by ratings firm S&P Global Ratings (S&P) since the company separated from Exelon Corp. in 2022.

Marking the start of its third year as an independent company, Constellation, the nation’s largest producer of carbon-free energy, will host a virtual investor and analyst event via webcast today to lay out a forecast for earnings growth based on the strength of its industry-leading commercial business and market and policy recognition that nuclear energy is essential to addressing the climate crisis while preserving grid reliability and the nation’s energy security.

Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., kicked off its participation in the COP28 climate summit by joining a global list 120 nuclear industry companies and organizations in 25 countries pledging to support at least tripling the amount of zero-carbon nuclear energy globally by 2050 as part of an urgent strategy to address the climate crisis. The pledge followed a similar declaration Saturday by the United States and 21 other countries, highlighting strong global recognition that new and existing nuclear generation must play a critical role in any credible plan to reach net zero emissions in time to prevent the worst effects of climate change.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.282 per share on Constellation’s common stock. The dividend is payable on Dec. 8, 2023, to shareholders of record as of 5 p.m. Eastern time on Nov. 17, 2023.

Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it has completed its acquisition of NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station (STP), a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston. Constellation’s stake represents approximately 1,100 megawatts of the plant’s output. The ownership transfer was approved on October 30 by the Nuclear Regulatory Commission, which was the final regulatory approval needed before closing the deal.

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.

While wildfires, hurricanes and extreme heat battered Americans from coast to coast during the hottest summer in Earth’s recorded history, Constellation’s carbon-free nuclear units ran nearly 100% of the time, powering more than 15 million homes and businesses.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, will lay out a strategy for how nuclear energy combined with other clean technologies can achieve America’s climate goals during Climate Week NYC, which brings together climate leaders from around the world for the largest annual climate event of its kind. In a pair of panel discussions, David Brown, Constellation’s senior vice president of Federal Government Affairs & Public Policy, will explain how matching customer demand for electricity with clean energy in every hour of every day is essential to meeting our nation’s climate goals. He will also discuss how the Inflation Reduction Act (IRA) of 2022 and other climate policies are driving investment in clean energy technologies, such as carbon-free hydrogen and existing and advanced nuclear energy, among others. In addition, the discussion will explore roadblocks to achieving the goals laid out in the IRA and other U.S. climate policies, and how policymakers can address them.

Constellation (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.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today it is now accepting applications for its 2023 E2 Energy to Educate grant program, which provides funding for student projects focusing on energy innovation. Educators and students in grades six through 12 can apply for program grants of up to $25,000, and those in two- and four-year colleges can apply for grants of up to $50,000. Oct. 1, 2023, is the deadline for applications.

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, released its 2023 Sustainability Report today, detailing milestones in the company’s mission to lead the fight against the climate crisis with energy that is clean, reliable and affordable. The report also measures Constellation’s progress in meeting its commitments to workforce development as well as diversity, equity and inclusion to help ensure that the economic and environmental gains from the energy transition benefit all communities, including those historically underserved.

Constellation’s 21 reactors at 12 nuclear plants across Illinois, New York, Pennsylvania and Maryland are positioned to supply uninterrupted carbon-free electricity to the equivalent of 15 million homes during what is forecasted to be a hotter than usual summer, with global temperatures already shattering records for the hottest days ever recorded. The National Oceanic and Atmospheric Administration (NOAA) has predicted above normal temperatures for many regions of the U.S. throughout this summer, as the climate crisis brings on more extreme weather.

Constellation (NASDAQCEG) today announced an agreement with Microsoft to significantly reduce the carbon footprint of one of Microsoft’s data centers in Boydton, Virginia. Under the agreement, the facility will receive up to 35 percent in environmental attributes from nuclear power, complementing the company’s new wind and solar purchases. This agreement puts Microsoft very close to its goal of operating the data center on 100 percent carbon-free electricity around the clock, further proof that hourly, regional matching of clean energy to demand is both practical and feasible today with suitable infrastructure and energy innovation.

CVS Health® (NYSECVS) today announced an 18 megawatt agreement with Constellation NASDAQ: CEGNASDAQCEG)

Constellation, operator of the nation’s largest fleet of reliable, carbon-free nuclear plants, announced today it is acquiring NRG Energy Inc.’s 44 percent ownership stake in the South Texas Project Electric Generating Station, a 2,645-megawatt, dual-unit nuclear plant located about 90 miles southwest of Houston. The transaction is valued at $1.75 billion, with an effective purchase price of $1.4 billion after taking into consideration the present value of tax benefits to Constellation. The transaction will be financed with a combination of cash and debt.

Constellation, the nation’s largest producer of carbon-free energy, has set an industry record for blending high concentrations of hydrogen with natural gas, further proof that hydrogen can be an effective tool to lower greenhouse gas emissions.

Constellation (Nasdaq: CEG) issued the following statement in response to the Environmental Protection Agency’s (EPA) newly released guidelines for reducing carbon emissions from electric power plants:

Constellation (Nasdaq: CEG) CEO Joe Dominguez will urge Congress to authorize and fully fund legislation providing up to $3.5 billion for investments in domestic fuel sources for the nuclear energy industry, citing risks to the environment, energy grid reliability and national security if America’s nuclear industry lacks sufficient nuclear fuel in coming years as a result of global disruptions in the supply chain.

Constellation (NASDAQCEG), the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today it is now accepting applications for its 2022 E2 Energy to Educate grant program, which provides funding for student projects focusing on energy innovation. Educators and students in grades six through 12 can apply for program grants of up to $25,000, and those in two- and four-year colleges can apply for grants of up to $50,000. Oct. 1, 2022 is the deadline for applications.

Constellation, the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today that it is delivering on its commitment to provide 100 percent of its commercial and industrial customers with customized data to help them measure and reduce their carbon emissions impact.

Over 13,000 workers performed technology upgrades and equipment maintenance during six refueling outages at Constellation nuclear plants this spring, investments that will prepare the plants for the hot summer months ahead. The cutting-edge upgrades and preventive maintenance will ensure Constellation’s nuclear fleet, which serves 15 million American homes and businesses, will have access to safe, affordable, carbon-free electricity this summer to help combat any periods of high heat or humidity.

The U.S. Department of Energy (DOE) has awarded a $2.5 million grant to Constellation and its project partners to explore the benefits of constructing direct air capture (DAC) technology at the company’s Byron nuclear energy plant in Northern Illinois. While nuclear plants do not produce any carbon emissions, direct air capture would remove carbon dioxide directly from the atmosphere, a possible next-generation technology to help our nation combat the climate crisis.

Constellation (Nasdaq: CEG), America’s largest producer of carbon-free energy, is recommending that investors reject a “mini-tender” offer by TRC Capital Investment Corp. (TRC), a Canadian investment firm. Constellation received notification of an unsolicited mini-tender offer by TRC dated April 1, 2022, to purchase up to 2 million shares of Constellation common stock at a price that was 4.26 percent below Constellation’s common stock share price on the Nasdaq Stock Market on the date of the offer. The target number of shares is less than 1 percent (0.61%) of Constellation’s outstanding shares.

Employees across Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, are preparing to mobilize for National Volunteer Month with more than 50 volunteer service events planned across 12 states. Projects include building houses for low-income families, partnering with local food banks to combat food insecurity and cleaning up nature trails, among other projects.

Constellation (Nasdaq: CEG), America’s leading clean energy company, has announced that its Maryland-based home services business, formerly BGE HOME, is changing its name to Constellation Home. The name change is the result of Constellation’s separation from Exelon on Feb. 1, 2022. Constellation Home will remain headquartered in the Baltimore area.

Constellation (Nasdaq: CEG) today announced the completion of its separation from Exelon Corp. (Nasdaq: EXC) and its launch as a standalone, publicly traded company and the nation’s largest carbon-free energy producer and leading supplier of clean energy solutions to millions of homes and businesses. Constellation will begin “regular way” trading on the Nasdaq Global Select Market today under the symbol “CEG.” Headquartered in Baltimore, Constellation will be a Fortune 200 company and operates in 48 states, Canada and the U.K., employing approximately 13,000 people.

LONDON, UK / ACCESSWIRE / November 23, 2021 / Alkimi Exchange launches its Staking Pool on Lattice Exchange tomorrow. The staking pool for a maximum of 30 million $ADS tokens will open on the 24th November 2021, 5pm GMT and closes 30 days later on the 24th December 5pm GMT. This is the first launch and smart contract deployment from Alkimi Exchange. Users can join the staking pool via Lattice Exchange (lattice.exchange) where they can also find

SAN FRANCISCO, CA / ACCESSWIRE / October 12, 2021 / Constellation, a distributed infrastructure that connects big data and the blockchain, today announced it has acquired Dor, a startup that helps retail brands grow their business by empowering them to improve customer outcomes through its data analytics solution that enables them to better understand store foot traffic. With the acquisition, Constellation is positioned to acquire and codify

SAN FRANCISCO, CA / ACCESSWIRE / September 16, 2021 / Last week, Constellation Network announced social media music app, Geojam, as its next incubation project. Geojam will be entering the blockchain and cryptocurrency space by integrating its existing business model onto Constellation's Hypergraph Transfer Protocol (HGTP) and creating its own platform token, $JAM, which will later be launched on Constellation powered Lattice Exchange's

SAN FRANCISCO, CA / ACCESSWIRE / August 26, 2021 / Constellation Network-a decentralized network and blockchain ecosystem-is advancing its mission to cryptographically secure the world's data by applying its blockchain protocol Hypergraph Transfer Protocol (HGTP) to the military's digital infrastructure. In cooperation with Kinnami Software Corporation, Constellation has created an end-to-end data security solution using blockchain encryption and

SAN FRANCISCO, CA / ACCESSWIRE / August 19, 2021 / Today Constellation Network, in collaboration with Stardust Collective, announced a new release of its Stargazer Wallet, a cross-chain functional browser extension wallet for the future of an interconnected blockchain ecosystem. To date, nearly 20k users have installed the Stargazer Wallet. While previous versions have been limited to Constellation Network's native token, $DAG, Stargazer v2.1

Constellation, a leading energy and energy solutions provider, announced today it is now accepting applications for its 2021 E2 Energy to Educate grant program, which provides funding for student projects focusing on energy innovation. Educators and students in grades 6-12 can apply for program grants up to $25,000, and two- and four-year colleges can apply for grants up to $50,000. The deadline for applications is Oct. 1, 2021.

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2021 / Constellation Network, in collaboration with the Stardust Collective, has announced that the latest release of the Stargazer Wallet, a cross-chain functional wallet for the future of an interconnected blockchain ecosystem, is now available in the Google Chromestore. Stargazer Wallet v1.3.1 features the ability to get $DAG, the native token of Constellation's Hypergraph Network, in exchange for

SAN FRANCISCO, CA / ACCESSWIRE / May 6, 2021 / Last week, Constellation Network launched their Project Submissions program, opening applications for developers who wish to build on Constellation's Hypergraph with the L_0 token standard - a highly scalable ledger using a distributed Directed Acyclic Graph (DAG) architecture that is compatible with existing digital infrastructures. It is that compatibility that gives Constellation Network the

SAN FRANCISCO, CA / ACCESSWIRE / April 28, 2021 / The Constellation Network has launched the Project Submissions program, opening applications for developers who wish to build on Constellation's Hypergraph with the L_0 token standard - a highly scalable ledger using a distributed Directed Acyclic Graph (DAG) architecture that is compatible with existing digital infrastructures. Entrepreneurs will be able to leverage the Hypergraph to add