Constellation Energy

State Farm® Signs Agreement with Constellation to Purchase Renewable Energy

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BLOOMINGTON, IL (Dec. 7, 2022) — State Farm today announced a 50 megawatt agreement with Constellation (NASDAQ: CEG) to purchase zero-emission, renewable energy equivalent to the annual electricity use of its corporate headquarters, operations center and other facilities in Bloomington, Ill.

Through a 12-year agreement beginning in January 2025, State Farm will receive energy and renewable energy certificates (RECs) from Swift Current Energy’s Double Black Diamond Solar Project in downstate Illinois. This is made possible by a long-term agreement between Constellation and Swift Current Energy under which Constellation will purchase a portion of the energy and RECs generated by Double Black Diamond. Construction of the solar project is expected to start by the end of 2022.

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