Constellation Energy Market Performance
30
Positioned for Long-Term Success
and Byproducts
-
Demand for Carbon-Free Electricity
Electricity Demand Will Nearly Double and Carbon-Free Electricity Will Expand Five-fold to Meet Net Zero by 2050
Sources:
4,320 TWhs
37%
2019
+88%
8,140 TWhs
5,310 TWhs
70-85%
2030
98-100%
2050
Emitting
Carbon-Free
.
Electricity must grow to -50% of energy used in
industry, transport and buildings to meet net zero by
2050 up from 19% today
⚫ By 2050, electricity is a predominant transportation
fuel
Fossil fuels in the primary energy mix decline by 62%
to 100% from 2020 to 2050 across scenarios. Oil and
gas decline 56% to 100%.
Up to 17% of light-duty vehicles will be electric in 2030
and 61-96% in 2050
16-23% of homes will be heated with electric heat
pumps in 2030 and 54-80% in 2050
70-90% of commercial building energy use will be
electric by 2050
https://www.mckinsey.com/ industries/ electric-power-and-natural-gas/ our-insights/ net-zero-by-2035-a-pathway-to-rapidly-decarbonize-the-us-power;
https://netzeroamerica.princeton.edu/img/ Princeton NZA Interim Report 15 Dec 2020 FINAL.pdf; https://about.bnef.com/blog/getting-on-track-for-net-zero-by-2050-will-require-rapid-
scaling-of-investment-in-the-energy-transition-over-the-next-ten-years/
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