Constellation, formerly Exelon Generation, owner and operator of the nation’s largest nuclear reactor fleet, announced this morning the completion of its separation from Exelon Corporation and its launch as a stand-alone, publicly traded company. Headquartered in Baltimore, Md., the new company began trading today on the Nasdaq Global Select Market under the symbol “CEG.”

Exelon announced last February that it had begun the effort to separate its utility businesses from its competitive power generation and customer-facing energy businesses.

Exelon Generation—owner and operator of the nation’s largest power reactor fleet—held an online event yesterday outlining the company’s business strategy as it prepares to separate from Exelon Corporation under the name Constellation. The separation is expected to become final on February 1.

Nuclear power plants are not quick to change. So when four utilities announce they will make room for shiny new electrolyzers and consider tweaking their business model, that’s news.

Nuclear power plants can leverage the energy stored in some of the world’s heaviest elements to generate the lightest: hydrogen. That is not news, but it casts an aura of alchemy over straightforward engineering. Amid the hype, and the hope of significant federal funding, it’s worth acknowledging that hydrogen has an industrial history over 100 years old. In the potential matchup of hydrogen and nuclear power, it’s nuclear that would be the newcomer.

The Nuclear Regulatory Commission has approved the indirect transfer of the licenses for 23 operating and five decommissioning reactors, as well as their associated independent spent fuel storage installations, from Exelon Corporation to a new company as part of a corporate restructuring, the agency announced yesterday.