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Dominion Energy

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Oct 30, 2024

Energy storage projects slated for Greensville, Pittsylvania

Two energy storage projects proposed for Southern Virginia would help augment the area’s power capacity, diversify the region’s tax base and boost the regional economy, industry representatives say. Dominion Energy Virginia wants to build a liquified natural gas storage facility on more than 20 acres that the Richmond-based Fortune 500 utility owns next to its […]

Dominion to sell 50% interest in offshore wind farm
Oct 23, 2024

Dominion completes $2.6B sale of stake in offshore wind farm

Dominion Energy has completed its $2.6 billion sale of a 50% noncontrolling stake in its Coastal Virginia Offshore Wind project to investor Stonepeak, the Fortune 500 utility announced Tuesday. This transaction and several other recent sales reduce Dominion’s debt by approximately $21 billion, meeting a goal the utility set in a recent business review, according […]

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Oct 16, 2024

As data centers grow, Amazon and Dominion explore small nuclear reactors

With power consumption by data centers and AI projected to more than quadruple in Virginia in the next 15 years, Amazon.com and Dominion Energy Virginia have entered into an agreement to explore potential development of small modular nuclear reactors at North Anna Power Plant in Louisa County, the two companies announced at an event Wednesday […]

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Oct 15, 2024

Dominion files energy plan that includes more wind, nuclear

Dominion Energy Virginia filed its 2024 Integrated Resource Plan on Tuesday with the Virginia State Corporation Commission and the North Carolina Utilities Commission, setting out its long-term plans for energy generation over the next 15 years. The report calls for more offshore wind and solar energy development, as well as small modular nuclear reactors starting […]

Natural selection
Oct 3, 2024

Siemens Energy agrees to pay $104M over Dominion bidding scheme

Siemens Energy pleaded guilty and agreed to pay $104 million this week to settle a federal criminal investigation into stealing trade secrets in order to undercut competitors’ bids in 2019 to build a Dominion Energy gas turbine “peaker” power plant in the Richmond metropolitan area. The settlement comes after three former Siemens employees and a […]

Aug 30, 2024

2024 Virginia 500: Energy

EDWARD ‘ED’ H. BAINE PRESIDENT, DOMINION ENERGY VIRGINIA, RICHMOND     ROBERT ‘BOB’ M. BLUE CHAIR, PRESIDENT AND CEO, DOMINION ENERGY, RICHMOND     ROBERT DUVALL PRESIDENT, VIRGINIA NATURAL GAS, VIRGINIA BEACH     ANDRÉS R. GLUSKI PRESIDENT AND CEO, AES, ARLINGTON COUNTY     JOHN D. HEWA PRESIDENT AND CEO, RAPPAHANNOCK ELECTRIC COOPERATIVE, [...]

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Aug 29, 2024

Power up

In October 2023, the U.S. Department of Energy’s Grid Deployment Office awarded Dominion Energy a grant of $33.7 million to help make the state‘s electrical grid more efficient. The funds, provided through the department’s $3.5 billion Grid Resilience and Innovation Partnerships (GRIP) program, will support increasing battery storage capacity in rural communities and facilitating[...]

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Aug 28, 2024

North Anna gets federal OK to operate through 2060

The Nuclear Regulatory Commission has approved 20-year extensions for North Anna Power Station’s two nuclear reactors, allowing them to operate through 2058 and 2060, Dominion Energy announced Wednesday. The two reactors in Louisa County were originally licensed to operate for 40 years, beginning in 1978 and 1980, and in 2003, the licenses were renewed for […]

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Aug 14, 2024

Dominion Energy secures new offshore wind lease for $17.7M

A Dominion Energy subsidiary won provisional rights to a 176,505-acre lease area off Virginia Beach’s coast, adjacent to the section of the ocean where the $9.8 billion Coastal Virginia Offshore Wind project is being constructed, the U.S. Department of the Interior announced Wednesday. Virginia Electric and Power Co. bid $17.65 million, or approximately $100 per […]

Jul 30, 2024

Top Five August 2024

The five most popular daily news stories on VirginiaBusiness.com from June 12 to July 12 included news of Republican Gov. Glenn Youngkin’s appointees now holding a majority on the governing boards of Virginia’s state colleges and universities. 1   |   Youngkin peppers university boards with GOP power players New members included some conservative movers […]

Broadband aid
Jul 30, 2024

Broadband aid

A couple of Holstein cows poke their heads through the metal gates of the barn as Mark Sowers fiddles with one of his most important pieces of farm equipment — a smartphone. Sowers opens an app on his phone that gives him real-time information from the nearly 300 milking cows that roam Huckleberry Dairy, the […]

Catch a wave
Jul 26, 2024

Virginia Beach economic development director resigns

Charles E. “Chuck” Rigney resigned Wednesday from his post as Virginia Beach’s economic development director, city spokesperson Ali Weatherton-Shook confirmed Friday, following a report by The Virginian-Pilot.  Rigney had held the position officially for six months after serving as interim director for about eight months following the departure of the department’s former head, Tay[...]

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