Constellation Repowers Criterion Wind as Part of $350 Million Investment in Its Renewable Fleet
08 6월 2023 - 10:00PM
Business Wire
Project is the latest in a series of
investments to accelerate renewable, nuclear and other clean-energy
growth initiatives across the company
Constellation (Nasdaq: CEG) is improving the efficiency and
increasing the output of its Criterion wind project in Oakland,
Md., and extending the life of the facility for 20 years, a move
that will deliver more carbon-free electricity to the region and
launch a $350 million effort to increase the output and lifespan of
the company’s renewable energy portfolio. Over the course of this
fleetwide project, Constellation’s repowering efforts will enable
315 megawatts of its existing carbon-free wind fleet to generate
greater output at the same wind conditions.
The Criterion wind project is the latest in a series of
investments Constellation has made to lead the nation’s response to
the climate crisis and help states like Maryland accelerate
clean-energy growth initiatives and achieve the aggressive
environmental goals set forth by the Maryland General Assembly and
the Moore administration. Constellation operates 27 wind projects
that are capable of producing about 1,400 megawatts of
electricity.
“Constellation leads the nation in carbon-free energy
production. Our investment strategy will unlock even more clean
energy from our existing facilities to help the nation meet its
ambitious climate goals,” said Joe Dominguez, president and CEO of
Constellation.
In addition to the significant investment in Maryland in recent
months, Constellation has announced the acquisition of a 44 percent
ownership stake in the South Texas Project nuclear plant, an intent
to seek license renewal at its Clinton and Dresden nuclear plants
in Illinois, and an $800 million uprate project at the Braidwood
and Byron nuclear facilities in Illinois. In addition,
Constellation recently began producing hydrogen at the nation’s
first one-megawatt nuclear-powered clean hydrogen facility in
upstate New York, and set an industry record for blending high
concentrations of hydrogen with natural gas to lower emissions at
its Hillabee Generating Station in Alabama.
“We are very excited about this project, as the assessable tax
base and the 100-plus construction jobs created are significant,”
said Paul Edwards, Chairman of the Garrett County Commissioners.
“The increase in carbon-free power production is also needed. This
is a huge upgrade for our region.”
Photos and B-Roll of the project are available
HERE
Construction at the Criterion wind project is underway with the
installation of new, high-efficiency rotors, turbine blades and
generators at the 28-unit site. The older turbine blades and
equipment will be recycled. The power generated at the wind project
will continue to be sold to Old Dominion Electric Cooperative
(ODEC). The project is expected to be completed before year
end.
Constellation employs about 3,200 employees and contractors in
Maryland and is Maryland’s largest producer of carbon-free energy.
Through its Calvert Cliffs Nuclear Plant in Calvert County, the
Conowingo Dam along the Susquehanna River, and three wind farms in
western Maryland, Constellation produces approximately 90 percent
of Maryland’s carbon-free energy. In 2022, the company and its
employees contributed $3.3 million to Maryland nonprofits and
volunteered more than 21,000 hours.
About Constellation
Headquartered in Baltimore, Constellation Energy Corporation
(Nasdaq: CEG) is the nation’s largest producer of clean,
carbon-free energy and a leading supplier of energy products and
services to businesses, homes, community aggregations and public
sector customers across the continental United States, including
three fourths of Fortune 100 companies. With annual output that is
nearly 90% carbon-free, our hydro, wind and solar facilities paired
with the nation’s largest nuclear fleet have the generating
capacity to power the equivalent of 15 million homes, providing
around 10% of the nation’s clean energy. We are further
accelerating the nation’s transition to a carbon-free future by
helping our customers reach their sustainability goals, setting our
own ambitious goal of achieving 100% carbon-free generation by
2040, and by investing in promising emerging technologies to
eliminate carbon emissions across all sectors of the economy.
Follow Constellation on LinkedIn and Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20230608005314/en/
Paul Dempsey Constellation Communications 815-409-1260
Paul.Dempsey@constellation.com
Constellation Energy (NASDAQ:CEG)
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Constellation Energy (NASDAQ:CEG)
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