TransUnion Signs Agreement with Constellation to Purchase Renewable Energy
23 Mai 2023 - 02:00PM
GlobeNewswire Inc.
TransUnion (NYSE: TRU) today announced an 8.5 megawatt agreement
with Constellation (NASDAQ: CEG) to purchase renewable energy
equivalent to the annual electricity use of its Chicago
headquarters, which will also reduce TransUnion’s emissions
associated with purchased electricity (Scope 2 emissions).
Through a 12-year agreement beginning in April 2025, TransUnion
will purchase energy and renewable energy certificates (RECs)
generated by Swift Current Energy’s Double Black Diamond Solar
Project in downstate Illinois. Peak construction of the solar
project began in March 2023. TransUnion’s contract for the energy
will begin in 2025.
In total, TransUnion will procure approximately 17,000 megawatt
hours of energy per year from Double Black Diamond, which is
expected to reduce the company’s carbon emissions associated with
its Scope 2 emissions by over 8,000 metric tons annually compared
to a location-based calculation. This is the equivalent emissions
of nearly 1,800 gasoline-powered passenger vehicles driven for one
year, according to U.S. EPA greenhouse gas equivalencies.
“The climate crisis remains a key global issue, and corporations
must address the risks associated with the crisis with swift and
purposeful action,” said Chris Cartwright, President and CEO,
TransUnion. “TransUnion is committed to continuing to assess,
identify and, where feasible, implement options to integrate
environmental sustainability into our global business, and
procuring renewable energy is an important step toward realizing
our enterprise climate strategy.”
TransUnion plans to use the Constellation Offsite
Renewables (CORe) product to facilitate its renewable energy
transaction. CORe connects customers to the economic and
sustainability benefits of large-scale, offsite renewable energy
projects and is among Constellation’s suite of retail power
products that help customers achieve their carbon reduction
goals.
“TransUnion’s support of the Double Black Diamond new-build
renewable asset shows their commitment to decarbonization,” said
Jim McHugh, Chief Commercial Officer, Constellation. “We are
pleased that our energy solutions can advance TransUnion’s carbon
reduction goals and help them on their sustainability journey.”
In 2021, TransUnion set Scope 1 and 2 emissions reduction
targets for the first time. Since then, the company has made
significant reductions through its real estate consolidation and
renewable energy purchases.
Eric Lammers, co-founder and CEO, Swift Current Energy, said,
“As the developer and long-term owner of Double Black Diamond
Solar, we are delighted that TransUnion’s Chicago headquarters will
enjoy the benefits of carbon-free energy generated within the State
of Illinois by the project. By purchasing power from the project,
TransUnion is also supporting construction jobs in Illinois, as
well as U.S. manufacturing jobs associated with the
steel foundations, the tracker systems, and the solar modules.
Double Black Diamond Solar will also provide long-term tax revenue
for communities in the state.”
With an estimated total capacity of 800 MWdc (593 MWac), Swift
Current Energy’s Double Black Diamond solar project will produce
electricity sufficient to power the equivalent of more than 100,000
homes from its location in downstate Sangamon and Morgan
counties.
About TransUnionTransUnion is a global
information and insights company with over 12,000 associates
operating in more than 30 countries. We make trust possible by
ensuring each person is reliably represented in the marketplace. We
do this with a Tru™ picture of each person: an actionable view of
consumers, stewarded with care. Through our acquisitions and
technology investments we have developed innovative solutions that
extend beyond our strong foundation in core credit into areas such
as marketing, fraud, risk and advanced analytics. As a result,
consumers and businesses can transact with confidence and achieve
great things. We call this Information for Good® — and it leads to
economic opportunity, great experiences, and personal empowerment
for millions of people around the world.
http://www.transunion.com/business
About Constellation Constellation Energy
Corporation (Nasdaq: CEG) is the nation’s largest producer of
clean, carbon-free energy and a leading supplier of energy products
and services to millions of homes, institutional customers, the
public sector, community aggregations and businesses, including
three fourths of Fortune 100 companies. Headquartered in Baltimore,
our fleet of nuclear, hydro, wind and solar facilities has the
generating capacity to power the equivalent of 15 million homes,
providing around 10% of the nation’s carbon-free electricity. Our
fleet is helping to accelerate the nation’s transition to clean
energy with more than 32,400 megawatts of capacity and annual
output that is nearly 90% carbon-free. We have set a goal to
achieve 100% carbon-free power generation by 2040 by leveraging
innovative technology and enhancing our diverse mix of hydro, wind
and solar resources paired with the nation’s largest nuclear fleet.
Follow Constellation on LinkedIn and Twitter.
Forward-Looking Statement and Methodology
Disclaimer
This press release includes certain forward-looking statements,
which are subject to important risks and uncertainties. For
example, measuring and assessing GHG emissions, estimates regarding
related reductions and expectations regarding energy needs and
renewable energy purchases are subject to certain risks and in some
cases based on certain calculation methodologies which continue to
evolve. TransUnion’s calculation methodologies may ultimately be
deemed to be inconsistent with future regulatory requirements or
best practices. The most significant risks and uncertainties
regarding TransUnion’s business are included in TransUnion’s Annual
Report on Form 10-K for the year ended December 31, 2022, and
subsequent filings with the SEC, and readers are encouraged to
review the risks and uncertainties identified in TransUnion’s SEC
filings in connection with the statements made in this press
release. There may be other factors (including factors beyond
TransUnion’s control) that may cause results to differ materially
from such forward-looking statements. You should evaluate all
forward-looking statements made in this press release in the
context of such risks and uncertainties, and TransUnion undertakes
no, and expressly disclaim any, obligation to update such
information except as required by law.
TransUnion Contact: |
Dave
Blumberg |
|
TransUnion |
|
312-985-3059 |
|
David.Blumberg@transunion.com |
|
|
Constellation Contact: |
David Marcheskie |
|
Constellation |
|
410-470-9700 |
|
David.Marcheskie@constellation.com |
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