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Dominion Energy shareholders receive mini-tender offer
Dominion Energy is urging its shareholders to reject a “mini-tender” offer from TRC Capital Investment, the Richmond-based Fortune 500 utility announced Monday. Toronto-based investment firm TRC Capital offered to purchase up to 2 million shares of Dominion Energy‘s common stock for $44 per share in cash, approximately 4.47% below the closing price of Dominion common […]
Building a hub
Fairwinds Landing LLC is demolishing dilapidated infrastructure, preparing to construct new facilities and signing tenants as it transforms Norfolk Southern Corp.’s Lambert’s Point Docks in Norfolk into Fairwinds Landing, a maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries. A Virginia Beach-based partnership be[...]
Electric avenue
Electric trucks still have some shortcomings — including difficulties covering long distances, and the fact that it’s taken manufacturers as long as five years to deliver on some vehicle orders — but Virginia trucking companies are nonetheless forging ahead. For instance, in addition to its 22 diesel trucks, Camrett Logistics in Wytheville received two electric […]
A gust of new jobs
Twenty-seven miles as the seagull flies off the coast of Virginia Beach, two wind turbines, each about 600 feet tall — taller than the Washington Monument — have the ability to generate 12 megawatts of electricity, enough to power 3,000 homes. In three years, 174 more wind turbines will join them with more than 200 […]
On cloud nine
In 2007 — the same year that Apple unveiled the iPhone and Netflix introduced the idea of “streaming” movies — Buddy Rizer started aggressively targeting an industry that many of the people he worked for in Loudoun County didn’t yet fully comprehend. “It was not an easy story to tell at first,” Rizer recalls of […]
Going greener
The Port of Virginia is preparing for a greener future that includes less reliance on fossil fuels. It’s doing this by expanding its access to cleaner energy such as solar power; replacing older, diesel-fueled equipment with hybrid and all-electric alternatives; and supporting the region’s burgeoning offshore wind industry. In his April 2022 State of the […]
Building a ‘floatel’
Construction is set to begin late this year on a service operations vessel (SOV) that will transport technicians and equipment to support the massive wind turbines that Siemens Gamesa Renewable Energy S.A. is installing for Dominion Energy Inc.’s $9.8 billion Coastal Virginia Offshore Wind (CVOW) project off the Virginia Beach coast. Crowley Corp., a Jacksonville, […]
Dominion Energy promotes exec to CFO
Richmond-based Dominion Energy Inc. has promoted Steven D. Ridge to chief financial officer and senior vice president, replacing James R. Chapman, who will leave the company, the Fortune 500 utility announced Friday. Currently vice president of investor relations, Ridge will start his new role later this month and will be responsible for corporate and financial […]
Dominion proposes new solar, storage projects
Dominion Energy Virginia has proposed 23 new solar and energy storage projects that could power more than 200,000 Virginia homes at peak output. The utility provider proposed the projects in its third annual clean energy filing with the Virginia State Corporation Commission on Friday. If approved, they will provide more than 800 megawatts of carbon-free […]
Charging up
Virginia Del. Richard “Rip” Sullivan Jr. is one of the General Assembly’s biggest advocates for electric vehicles. But when the Fairfax County Democrat went to buy a car in 2018, he started feeling anxious about the electric cars on offer — particularly their relatively limited range, given the lack of electric vehicle (EV) chargers in […]
Skanska wins $223M contract for offshore wind farm prep
New York-based Skanska USA won the $223 million contract to redevelop the 72 acres of the Portsmouth Marine Terminal that Dominion Energy Inc. will use as a staging area for its $9.8 billion Coastal Virginia Offshore Wind project. The company announced the award on Tuesday. The CVOW calls for the construction of 176 wind turbines […]
Power plays
Virginia’s largest electric utilities are deploying an array of technologies as they decarbonize, digitalize and decentralize their power grids to meet the state’s and their own clean energy goals. Richmond-based Dominion Energy Inc. and Charleston, West Virginia-headquartered Appalachian Power are expanding their solar, wind and battery storage portfolios while advancing a massive pow[...]
