Katherine Blunt writes in The Wall Street Journal on Constellation, a new nuclear power company.
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- Constellation, an Exelon Corp. spin off, operates the nation’s largest fleet and is planning to expand through acquisitions.
- Nuclear power, our largest source of carbon free energy, is important to reaching net-zero goals but is often more expensive than natural gas or renewables.
- Constellation is looking to become more cost-competitive by expanding its portfolio and producing green hydrogen.
- With the need to reduce emissions becoming more clear, Constellation’s leadership could prove useful in reaching decarbonization targets.
“The stand-alone company, called Constellation, operates the nation’s largest fleet of nuclear-power plants and has plans for further growth by acquisition. But the nuclear plants, which have struggled to compete in recent years with cheaper natural-gas plants, as well as solar and wind farms, face uncertainty. Many now rely on state subsidies to survive.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
