Business Strategy

A Leader in Clean, Reliable Energy

Constellation's Strategy

  • Expand America's Largest Fleet of Clean and Reliable Energy Centers: Expand our state-of-the-art, reliable, zero- and low-emissions energy assets by contracting with energy users, increasing output and expanding our assets’ operations to meet America’s growing energy demand. Learn more about our clean energy centers.

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

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

  • Uplift and Strengthen Our Communities: Advance respect and belonging, drive community investment and create family-sustaining clean energy jobs for Constellation and its communities.

     

Industry Trends

In addition to the transition to a clean, reliable energy future, evolving market dynamics shape Constellation's customer-centric approach to growth. Some examples include:

 

Last year was marked by rapid advancements in generative AI models — a once-in-a-generation catalyst for American growth. The need to power these AI models with safe, secure and reliable American electricity is resulting in projections for unprecedented increase in electricity demand — or load growth. This adds to the growing energy demand from electrification and the resurgence of American manufacturing.
 

  • According to the U.S. Department of Energy (DOE), demand for data center power has tripled since 2014, largely due to the growth of AI.

  • Recent forecasts project that electricity demand could grow 15.8% by 2029, driven primarily by the data economy, onshoring and other electrification efforts.

Energy diversification is reshaping the grid, changing the types of assets and how they’re dispatched to create a more resilient energy supply.
 

  • 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.

  • A mix of centralized power stations and decentralized assets – both behind and in front of the meter, stand-alone or in aggregate – is necessary. 

Customers increasingly prefer to be connected to, manage and measure their energy usage, making successful digitalization essential.
 

  • Rapid development of disruptive technologies is creating a path to achieve clean energy goals.

  • Platform-based business models bring consumers and producers together, expanding customer access and improving experience while reducing cost and supporting greater efficiency.

Constellation is accelerating the transition to a clean, reliable energy future for America.

As the largest clean energy producer in the U.S., we operate a fleet of zero-carbon nuclear, hydro, wind, solar and geothermal facilities as well as dispatchable low-carbon natural gas plants. Constellation provides more than 10% of total clean power and 22% of clean baseload power in the U.S. We also invest in our energy assets and new technologies to support our goal of adding more clean energy to the grid by increasing output, restarting or renewing licenses  for existing clean energy centers.

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 emissions-free energy. We offer a full suite of products and services, such as energy efficiency, on- and off-site clean energy and storage options, energy management, GHG monitoring and reporting, among other services.

We are prepared to meet the accelerating demand for cleaner, more reliable and sustainable energy sources and to lead the way in meeting customers' needs and expanding access to clean energy.

What fuels our commitment to being a climate champion and clean energy leader?

  • The largest clean energy producer in the U.S.

  • The largest nuclear energy company in the U.S.

  • The largest producer of reliable energy in the U.S.*

  • Innovative products that support low-carbon solutions and help customers meet their environmental and sustainability goals.

  • Powerful advocate for national and state policies, supporting America’s energy initiatives and goals.

*Reliable/around-the-clock energy includes nuclear, gas combined cycle, geothermal and coal steam turbine (and is true with or without conventional hydro)

  • Industry-leading nuclear capacity factor of approximately 94% or higher since 2013, about four points better than the industry average each year.

  • 20-day average nuclear refueling outage in 2024, which was 18 days better than the industry average.

  • Strong customer renewal and retention rates with our commercial and industrial (C&I) customers.

  • One of the largest customer-facing energy platforms in the U.S., servicing approximately 200 terawatt hours (TWh) of load.1

1Source: DNV GL Retail Landscape July 2024. Numbers reflect annualized customer load under contract as of December 2023.

Learn more about how our values and sustainability principles drive our work. 

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 emissions-free, firm electricity with the ability to extend asset lives.

  • Largest provider of energy and solutions to commercial and industrial (C&I) customers.

  • Strong advocate for energy policies that support a reliable, clean energy future.

  • Strong free cash flows, optimized through industry-leading operations, support of clean, reliable energy and focus on costs.

  • Disciplined capital allocation strategy supports a strong investment-grade balance sheet.

  • Growth investment consistent with corporate strategy and return of capital to owners.

Learn more about our Investor Relations.

  • Serving as the largest clean energy producer in the U.S. and the largest private-sector clean energy producer in the world.

  • Demonstrating a commitment to respect, belonging, diversity and inclusion.

  • Maintaining the highest standards of corporate governance.

Learn more about our values and sustainability principles.

 

We provide customers with reliable, clean energy and access to diverse energy products and services that are integral to supporting a clean and reliable energy economy.

We are at the leading edge of developing promising carbon capture and sequestration technology, which creates a pathway that could help the U.S. sustainably transition to a clean energy future by offering the potential to decarbonize the nation’s natural gas generation. 

We are also exploring how our existing nuclear sites and our team’s expertise can catalyze the building of additional nuclear resources by working with diverse stakeholders to evaluate how we can support new nuclear development. Existing nuclear sites that supply reliable, clean energy are ideal for new nuclear development given site attributes, community support, infrastructure and customer demand. Investing in new nuclear development at existing sites can support load growth from the data economy, AI and industrial development.

To support these innovative offerings and services, Constellation continues to work closely with our customers, suppliers, universities, governments, national labs and startups to develop and invest in new technologies. 

Learn more about our commitment to innovation.

Constellation is accelerating the transition to a clean, reliable energy future for America.

As the largest clean energy producer in the U.S., we operate a fleet of zero-carbon nuclear, hydro, wind, solar and geothermal facilities as well as dispatchable low-carbon natural gas plants. Constellation provides more than 10% of total clean power and 22% of clean baseload power in the U.S. We also invest in our energy assets and new technologies to support our goal of adding more clean energy to the grid by increasing output, restarting or renewing licenses  for existing clean energy centers.

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 emissions-free energy. We offer a full suite of products and services, such as energy efficiency, on- and off-site clean energy and storage options, energy management, GHG monitoring and reporting, among other services.

We are prepared to meet the accelerating demand for cleaner, more reliable and sustainable energy sources and to lead the way in meeting customers' needs and expanding access to clean energy.

What fuels our commitment to being a climate champion and clean energy leader?

  • The largest clean energy producer in the U.S.

  • The largest nuclear energy company in the U.S.

  • The largest producer of reliable energy in the U.S.*

  • Innovative products that support low-carbon solutions and help customers meet their environmental and sustainability goals.

  • Powerful advocate for national and state policies, supporting America’s energy initiatives and goals.

*Reliable/around-the-clock energy includes nuclear, gas combined cycle, geothermal and coal steam turbine (and is true with or without conventional hydro)

  • Industry-leading nuclear capacity factor of approximately 94% or higher since 2013, about four points better than the industry average each year.

  • 20-day average nuclear refueling outage in 2024, which was 18 days better than the industry average.

  • Strong customer renewal and retention rates with our commercial and industrial (C&I) customers.

  • One of the largest customer-facing energy platforms in the U.S., servicing approximately 200 terawatt hours (TWh) of load.1

1Source: DNV GL Retail Landscape July 2024. Numbers reflect annualized customer load under contract as of December 2023.

Learn more about how our values and sustainability principles drive our work. 

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 emissions-free, firm electricity with the ability to extend asset lives.

  • Largest provider of energy and solutions to commercial and industrial (C&I) customers.

  • Strong advocate for energy policies that support a reliable, clean energy future.

  • Strong free cash flows, optimized through industry-leading operations, support of clean, reliable energy and focus on costs.

  • Disciplined capital allocation strategy supports a strong investment-grade balance sheet.

  • Growth investment consistent with corporate strategy and return of capital to owners.

Learn more about our Investor Relations.

  • Serving as the largest clean energy producer in the U.S. and the largest private-sector clean energy producer in the world.

  • Demonstrating a commitment to respect, belonging, diversity and inclusion.

  • Maintaining the highest standards of corporate governance.

Learn more about our values and sustainability principles.

 

We provide customers with reliable, clean energy and access to diverse energy products and services that are integral to supporting a clean and reliable energy economy.

We are at the leading edge of developing promising carbon capture and sequestration technology, which creates a pathway that could help the U.S. sustainably transition to a clean energy future by offering the potential to decarbonize the nation’s natural gas generation. 

We are also exploring how our existing nuclear sites and our team’s expertise can catalyze the building of additional nuclear resources by working with diverse stakeholders to evaluate how we can support new nuclear development. Existing nuclear sites that supply reliable, clean energy are ideal for new nuclear development given site attributes, community support, infrastructure and customer demand. Investing in new nuclear development at existing sites can support load growth from the data economy, AI and industrial development.

To support these innovative offerings and services, Constellation continues to work closely with our customers, suppliers, universities, governments, national labs and startups to develop and invest in new technologies. 

Learn more about our commitment to innovation.