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Business Strategy

A Leader in the Clean Energy Transition

 

Our Constellation Strategy
 

  • Power America’s Clean Energy Future:  Operate and grow the nation’s largest fleet of clean, zero-emissions generation facilities, with world-class levels of safety, reliability and resiliency.

  • Expand America’s Largest Fleet of Clean Energy Centers:  Leverage and expand our state-of-the-art clean energy assets by co-locating with data centers, exploring direct air capture of CO2, and producing clean hydrogen and other sustainable fuels to reduce industrial pollution. Learn more about clean energy centers.

  • Providing Energy and Sustainability Solutions for Customers:  Provide reliable, resilient energy and deliver innovative sustainability solutions that help customers achieve their clean energy goals.

  • Uplift and Strengthen our Communities:  Advance respect, belonging, diversity and equity:  drive community investment and create family-sustaining clean energy jobs for all.

In response to the climate crisis, the world is rapidly moving toward a carbon-free future – and Constellation is accelerating that transition. As the nation’s largest producer of carbon-free and low-emissions energy, it's no exaggeration to say that no other company in our industry is better positioned to be at the forefront of the fight against climate change.

Constellation provides 10 percent of total clean power and 22 percent of clean baseload power in the United States. At a time when a majority of states, hundreds of communities, and major corporations are all setting ambitious climate goals and seeking greater access to clean energy, we stand ready to meet the accelerating demand.

Our strength also comes from our position as a leading supplier of energy products and services aimed at helping customers manage their energy use, become more energy efficient, and match their energy consumption with carbon-free energy. We offer a full suite of products and services, such as energy efficiency, on- and off-site clean energy and storage options, carbon offsets and energy management, GHG monitoring and reporting, among other services.

In addition, Constellation has strong relationships with national labs, venture capital and startups that will help ensure that we remain on the leading edge of innovation in our rapidly transforming industry.

Our carbon-free energy production and clean energy solutions, investments in innovation, and close customer relationships are the secret sauce that will continue to fuel our growth, now and in the future.

 

Industry Trends

In addition to the transition to a carbon-free future, several industry trends are informing Constellation’s customer-centric approach to growth. Among these are:

Diversification is changing the types of assets on the grid and how the grid will dispatch.

 

  • Stakeholders increasingly recognize the importance of nuclear energy sources that enable energy security, reliability, and diversification.
  • Distributed generation and battery storage will be key components of the decarbonized grid of the future.
  • Centralized power stations and decentralized assets, both behind and in front of the meter, stand-alone or in aggregation, are becoming more common.
  • Clean energy technologies such as hydrogen and carbon capture, utilization, and storage (CCUS) are rapidly advancing.

Customers increasingly prefer to be connected to, manage, and measure their energy usage, leading to the emergence of digitalization.

 

  • The rapid development of disruptive technologies enables a path to achieving U.S. decarbonization goals.
  • Platform-based business models bring consumers and producers together, expanding customer access and improving experience while reducing cost and supporting greater efficiency.

What makes us a climate champion and clean-energy leader?

  • Cleanest generation fleet in the country providing 10 percent of carbon-free power in the United States
  • Innovative products supporting carbon-free solutions to help customers meet their environmental and sustainability goals
  • Powerful advocate for state and national policies supporting carbon-free initiatives goals

  • Industry-leading nuclear capacity factor of approximately 94 percent or higher since 2013, about 4 points better than the industry average each year
  • 2020 average refueling outage duration of 22 days, 11 days better than the industry average
  • Strong customer renewal and retention rates supporting our leading 23 percent market share with commercial and industrial (C&I) customers

  • One of the largest customer-facing platforms in the United States, servicing approximately 215 terawatt hours (TWh) of load, including about 155 TWh of primarily C&I retail and 60 TWh of wholesale volumes1
  • High customer satisfaction levels
    • 77 percent average retail power renewal rate since 2016
    • Since 2016, average customer duration of more than 6 years

1Reflects retail load and wholesale load volumes as of December 31, 2020

  • Proven leader in carbon-free energy with reduced emissions by 80% since 2005 and a generating fleet that is 90 percent carbon-free and will grow to 100 percent by 2040
  • Diversity, equity, and inclusion is a business imperative, core value, and moral obligation
  • An active partner to the communities in which we operate through philanthropy, racial and social justice initiatives, and workforce development programs
  • Holding the highest standards of corporate governance to help us achieve our performance goals and maintain the trust and confidence of our shareholders, employees, customers, regulators, and other stakeholders

Learn more about Constellation’s values and sustainability principles. 

Constellation will continue to build on strong, established foundations to deliver value to customers, communities, and shareholders.

  • World-class nuclear operator and largest generator of 24/7 carbon-free firm electricity with ability to extend asset lives
  • Largest provider of energy and solutions to commercial and industrial (C&I) customers
  • Strong advocate for and beneficiary of energy policies that drive the transition to carbon-free energy

  • Strong free cash flows, optimized through industry-leading operations, support of carbon-free energy, and focus on costs
  • Disciplined capital allocation strategy supports strong investment-grade balance sheet, growth investment consistent with corporate strategy, and return of capital to owners

Learn more in our Investors section.

  • Approximately 90 percent carbon-free energy growing to 100% carbon-free by 2040
  • Committed to advancing diversity, equity inclusion in our workplace and communities
  • Maintaining the highest standards of corporate governance

Learn more about Constellation’s values and sustainability principles.

We provide customers with reliable clean energy as well as access to new energy products and services that are integral to support and accelerate the transition to a carbon-free economy.

To support these pioneering offerings and services, Constellation has partnered with our customers, suppliers, universities, governments, national labs, and startups to develop and invest in new technologies. Click here to learn more about our commitment to innovation. 

In response to the climate crisis, the world is rapidly moving toward a carbon-free future – and Constellation is accelerating that transition. As the nation’s largest producer of carbon-free and low-emissions energy, it's no exaggeration to say that no other company in our industry is better positioned to be at the forefront of the fight against climate change.

Constellation provides 10 percent of total clean power and 22 percent of clean baseload power in the United States. At a time when a majority of states, hundreds of communities, and major corporations are all setting ambitious climate goals and seeking greater access to clean energy, we stand ready to meet the accelerating demand.

Our strength also comes from our position as a leading supplier of energy products and services aimed at helping customers manage their energy use, become more energy efficient, and match their energy consumption with carbon-free energy. We offer a full suite of products and services, such as energy efficiency, on- and off-site clean energy and storage options, carbon offsets and energy management, GHG monitoring and reporting, among other services.

In addition, Constellation has strong relationships with national labs, venture capital and startups that will help ensure that we remain on the leading edge of innovation in our rapidly transforming industry.

Our carbon-free energy production and clean energy solutions, investments in innovation, and close customer relationships are the secret sauce that will continue to fuel our growth, now and in the future.

 

Industry Trends

In addition to the transition to a carbon-free future, several industry trends are informing Constellation’s customer-centric approach to growth. Among these are:

Diversification is changing the types of assets on the grid and how the grid will dispatch.

 

  • Stakeholders increasingly recognize the importance of nuclear energy sources that enable energy security, reliability, and diversification.
  • Distributed generation and battery storage will be key components of the decarbonized grid of the future.
  • Centralized power stations and decentralized assets, both behind and in front of the meter, stand-alone or in aggregation, are becoming more common.
  • Clean energy technologies such as hydrogen and carbon capture, utilization, and storage (CCUS) are rapidly advancing.

Customers increasingly prefer to be connected to, manage, and measure their energy usage, leading to the emergence of digitalization.

 

  • The rapid development of disruptive technologies enables a path to achieving U.S. decarbonization goals.
  • Platform-based business models bring consumers and producers together, expanding customer access and improving experience while reducing cost and supporting greater efficiency.

What makes us a climate champion and clean-energy leader?

  • Cleanest generation fleet in the country providing 10 percent of carbon-free power in the United States
  • Innovative products supporting carbon-free solutions to help customers meet their environmental and sustainability goals
  • Powerful advocate for state and national policies supporting carbon-free initiatives goals

  • Industry-leading nuclear capacity factor of approximately 94 percent or higher since 2013, about 4 points better than the industry average each year
  • 2020 average refueling outage duration of 22 days, 11 days better than the industry average
  • Strong customer renewal and retention rates supporting our leading 23 percent market share with commercial and industrial (C&I) customers

  • One of the largest customer-facing platforms in the United States, servicing approximately 215 terawatt hours (TWh) of load, including about 155 TWh of primarily C&I retail and 60 TWh of wholesale volumes1
  • High customer satisfaction levels
    • 77 percent average retail power renewal rate since 2016
    • Since 2016, average customer duration of more than 6 years

1Reflects retail load and wholesale load volumes as of December 31, 2020

  • Proven leader in carbon-free energy with reduced emissions by 80% since 2005 and a generating fleet that is 90 percent carbon-free and will grow to 100 percent by 2040
  • Diversity, equity, and inclusion is a business imperative, core value, and moral obligation
  • An active partner to the communities in which we operate through philanthropy, racial and social justice initiatives, and workforce development programs
  • Holding the highest standards of corporate governance to help us achieve our performance goals and maintain the trust and confidence of our shareholders, employees, customers, regulators, and other stakeholders

Learn more about Constellation’s values and sustainability principles. 

Constellation will continue to build on strong, established foundations to deliver value to customers, communities, and shareholders.

  • World-class nuclear operator and largest generator of 24/7 carbon-free firm electricity with ability to extend asset lives
  • Largest provider of energy and solutions to commercial and industrial (C&I) customers
  • Strong advocate for and beneficiary of energy policies that drive the transition to carbon-free energy

  • Strong free cash flows, optimized through industry-leading operations, support of carbon-free energy, and focus on costs
  • Disciplined capital allocation strategy supports strong investment-grade balance sheet, growth investment consistent with corporate strategy, and return of capital to owners

Learn more in our Investors section.

  • Approximately 90 percent carbon-free energy growing to 100% carbon-free by 2040
  • Committed to advancing diversity, equity inclusion in our workplace and communities
  • Maintaining the highest standards of corporate governance

Learn more about Constellation’s values and sustainability principles.

We provide customers with reliable clean energy as well as access to new energy products and services that are integral to support and accelerate the transition to a carbon-free economy.

To support these pioneering offerings and services, Constellation has partnered with our customers, suppliers, universities, governments, national labs, and startups to develop and invest in new technologies. Click here to learn more about our commitment to innovation.