Constellation (Nasdaq: CEG) is embarking on a comprehensive effort to enhance the performance and extend the lifespan of its renewable energy portfolio, with the Criterion wind project in Oakland, Md., serving as the latest recipient of these improvements. The initiative involves investing $350 million to increase the output and efficiency of Constellation’s renewable fleet, delivering more carbon-free electricity to the region.
The repowering of the Criterion wind project aims to boost its efficiency, increase power generation, and extend its operational life by 20 years. By implementing these enhancements, Constellation will enable its existing carbon-free wind fleet to generate greater output under similar wind conditions, resulting in an additional 315 megawatts of capacity.
This investment by Constellation aligns with its commitment to lead the nation’s response to the climate crisis and support Maryland’s clean-energy growth initiatives. It also helps to achieve the ambitious environmental goals set forth by the Maryland General Assembly and the Moore administration. Currently, Constellation operates 27 wind projects with a combined capacity of approximately 1,400 megawatts.
Joe Dominguez, President, and CEO of Constellation, emphasized the company’s dedication to carbon-free energy production and its commitment to unlocking even more clean energy through strategic investments. “Our investment strategy will unlock even more clean energy from our existing facilities to help the nation meet its ambitious climate goals,” he stated.
In addition to the substantial investment in Maryland, Constellation has recently made significant announcements regarding its commitment to clean energy. This includes the acquisition of a 44 percent ownership stake in the South Texas Project nuclear plant and intentions to seek license renewal for its Clinton and Dresden nuclear plants in Illinois. Furthermore, Constellation has launched an $800 million uprate project at the Braidwood and Byron nuclear facilities in Illinois. The company has also made advancements in hydrogen production at the nation’s first one-megawatt nuclear-powered clean hydrogen facility in upstate New York. Additionally, Constellation achieved an industry record for blending high concentrations of hydrogen with natural gas to reduce emissions at its Hillabee Generating Station in Alabama.
Through these strategic investments and initiatives, Constellation solidifies its position as a leader in carbon-free energy production and remains dedicated to driving the transition to a sustainable and clean energy future.
