BALTIMORE (March 7, 2022) — Constellation (Nasdaq: CEG), America’s leading clean energy company announced today it is collaborating with Microsoft on the development of a 24/7/365 energy matching technology solution that allows customers to fully achieve their zero emissions goals.
For more than 150 years, the electric power industry has been focused on matching generation capacity with customer demand to ensure 24/7/365 reliability. Constellation will soon be providing customers a better and more environmentally conscious option, utilizing breakthrough technology to match a customer’s power needs with local carbon-free energy sources, 24 hours a day, seven days a week, 365 days a year.
By combining renewable and clean energy with exciting new technologies such as battery storage, fuel cells and hydrogen, Constellation will provide customers with a real-time, data-driven carbon accounting solution that goes beyond the current practice of annualizing renewable energy certificates and credits. As it develops this product, Constellation will be working with Microsoft to create software that gives customers a transparent and independently verified view of their sustainability efforts.
“Constellation is leading our nation’s response to the climate crisis, and we are building new tools to accelerate progress on behalf of our customers. Our new 24/7/365 real-time energy matching solution will allow customers to fully achieve their zero emissions goals,” said Joseph Dominguez, CEO of Constellation. “This Microsoft partnership aligns with both companies’ commitment to advancing the critical transition to carbon-free energy. Our collective expertise supports customers’ increasing need to understand and reduce their carbon footprints.”
“In addition to collaborating with Constellation to develop the 24/7/365 solution, Microsoft will become one of its first customers, pioneering use of the new tools to intake, store, match and report emissions data on an hourly basis,” said Ravi Krishnaswamy, corporate vice president, Microsoft Cloud for Industry. “Over time, we look forward to realizing additional synergies between the two companies to further enhance our ability to serve our customers while advancing Microsoft’s commitment to sustainability.”
Currently, most net zero clean energy supplies are achieved by offsetting energy use through clean energy certificates or credits on an annual basis, without considering where or when the energy was produced. Constellation and Microsoft’s new 24/7/365 solution takes the guesswork out of carbon accounting by matching electricity use with a local clean energy source in real time. By providing hour-by-hour regional tracking, Constellation’s 24/7/365 solution will be the most advanced, real-time carbon accounting solution of its kind, going beyond other net zero programs that aggregate clean energy megawatts over time, and giving customers clearer and more accurate data on their emissions impact.
The market for 24/7/365 real-time energy matching is growing and Constellation and Microsoft are among the companies at the forefront of this innovative, emerging new standard in carbon accounting and emissions goals. In December 2021, the U.S. government issued an executive order requiring federal government facilities to transition to 100 percent carbon-free electricity by 2030, committing that at least half will be locally supplied to meet 24/7/365 demand. To support this order, the U.S. Government has issued a Request for Information (RFI) from companies interested in supplying carbon-free electricity to federal government facilities. Constellation intends to submit an RFI for consideration and the partnership with Microsoft is a critical component to supporting this initiative.
Additional benefits of the partnership include:
This announcement comes only a month after Constellation launched as the nation’s largest provider of carbon-free energy with a host of sustainability products and services to help companies like Microsoft achieve their environmental objectives. Constellation also has set its own climate goal of achieving 95 percent carbon-free electricity by 2030 and 100 percent carbon-free electricity by 2040. In addition, Constellation plans to achieve 100 percent reduction of operations-driven emissions by 2040 and provide 100 percent of its business customers with customized data to help them reduce their own carbon footprints.
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About Constellation
A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, emissions-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 16 million homes, providing about 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 X.
If you are a member of the media, please contact:
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Paul Adams
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David Snyder
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