BALTIMORE, MD — Aug. 4, 2023 – Cook dinner County, Illinois introduced an settlement with Constellation (NASDAQ: CEG), the nation’s largest producer of carbon-free vitality, to buy zero-emission, renewable vitality equal to the annual electrical energy use of 18 of its county-owned-and-operated buildings.
Cook dinner County has entered right into a 12-year settlement set to start in March 2025. As a part of the retail settlement with Constellation, Cook dinner County will obtain vitality and renewable vitality certificates (RECs) to match the vitality use at public buildings together with well being clinics, workplace buildings, freeway upkeep amenities, public security buildings and warehouses.
Backed by Cook dinner County’s dedication, Constellation has entered right into a separate long-term energy buy settlement to acquire 24 MW of renewable vitality from Swift Present Power, who will personal and function Double Black Diamond Photo voltaic positioned in Morgan and Sangamon Counties, Illinois. Development of the photo voltaic challenge began in March 2023 and by its completion, Double Black Diamond is anticipated to be one of many largest photo voltaic initiatives within the US with 593 MW of renewable vitality technology.
By way of the settlement with Constellation, Cook dinner County is assembly a number of Clear Power Plan Objectives resembling serving to scale back greenhouse fuel emissions equal to the vitality use of 4,733 households annually, in response to U.S. EPA greenhouse fuel equivalencies. Cook dinner County has achieved a 44% greenhouse fuel discount so far from a 2010 baseline, that means much less renewable vitality must be bought to satisfy the Clear Power Plan dedication for electrical energy to be 100% renewable by 2030 for County owned-and-operated buildings.
“Cook dinner County is a good instance of civic management by way of embracing sustainable vitality sources, whereas supporting a newly constructed renewable useful resource,” acknowledged Jim McHugh, Chief Business Officer at Constellation. “We take satisfaction in guiding Cook dinner County on a path in the direction of sustainability and offering a carbon-free vitality answer to scale back dangerous emissions. Residents can applaud these sturdy actions taken by Cook dinner County management to fight the local weather disaster.”
This transaction additionally contains impacts above and past the availability of renewable vitality. Constellation and Swift Present Power have dedicated a mixed $432,000 to assist native photo voltaic and vitality job coaching applications, environmental biodiversity and habitat safety for the photo voltaic website, and native financial growth by way of job creation. Many of the modules that Swift Present Power procured for the challenge had been made within the U.S. Moreover, the challenge is using roughly 450 craftspeople at peak development.
“Any time we are able to obtain our sustainability targets, whereas additionally bringing financial growth to our communities, we think about it an enormous step ahead.” mentioned President Toni Preckwinkle, “The co-benefits secured for this settlement imply funding in jobs, coaching, and home manufacturing, and the vitality financial savings and environmental results are monumental. I’m proud that Cook dinner County is a frontrunner for not simply sustainability, however in agreements that profit the group as effectively.
“Double Black Diamond will ship important advantages to the state of Illinois throughout each its development and operation.” mentioned Eric Lammers, CEO and Co-Founder, Swift Present Power. “We’re proud to be setting up the Double Black Diamond Photo voltaic challenge with expert craftspeople and with parts made in America, and we’re delighted so as to add Cook dinner County as an necessary buyer.”
The rest of the County’s aim for constructing electrical energy use to be 100% renewable by 2030 can be met by vitality effectivity initiatives, on-site photo voltaic installations, and future off-site renewable vitality agreements.
A Fortune 200 firm headquartered in Baltimore, Constellation Power Company (Nasdaq: CEG) is the nation’s largest producer of fresh, carbon-free vitality and a number one provider of vitality services and products to companies, houses, group aggregations and public sector prospects throughout the continental United States, together with three fourths of Fortune 100 corporations. With annual output that’s practically 90% carbon-free, our hydro, wind and photo voltaic amenities paired with the nation’s largest nuclear fleet have the producing capability to energy the equal of 15 million houses, offering about 10% of the nation’s clear vitality. We’re additional accelerating the nation’s transition to a carbon-free future by serving to our prospects attain their sustainability targets, setting our personal bold aim of reaching 100% carbon-free technology by 2040, and by investing in promising rising applied sciences to get rid of carbon emissions throughout all sectors of the economic system. Observe Constellation on LinkedIn and Twitter.