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Navy, Dominion sign energy agreement
In June, leaders from Naval Weapons Station Yorktown, which provides weapons and munitions support to the U.S. Navy, and Fortune 500 utility Dominion Energy signed an agreement to explore the development of a “reliable, resilient and responsible” energy source at the base. It could involve solar power, a small modular nuclear reactor or a natural […]
Chesterfield approves fusion power plant permit
Commonwealth Fusion Systems received the Chesterfield zoning permit needed for what could be the world’s first grid-scale commercial fusion power plant.
BWXT wins $1.5B contract for Tennessee uranium enrichment plant
A BWX Technologies subsidiary was awarded a $1.5 billion contract from the National Nuclear Security Administration to help the United States establish domestic uranium enrichment capability for defense, the Lynchburg-based nuclear components manufacturer announced Tuesday. Under the indefinite-delivery, indefinite-quantity contract, BWXT Enrichment Operations will design, build and operate the Do[...]
BWXT announces new chief strategy officer
BWX Technologies, a Lynchburg-based manufacturer of nuclear components and fuel has tapped Rik Geiersbach as its new chief strategy officer.
Hitachi Energy to invest $457M in Virginia expansion
Hitachi Energy announced Thursday it will invest $1 billion to expand its U.S. grid infrastructure manufacturing, with roughly half of that investment going into Virginia, where it plans to add 825 jobs. The electrical equipment manufacturer will invest $457 million to build the nation’s largest manufacturing site for large power transformers in South Boston, Hitachi […]
Nuclear fusion company raises $863M, much bound for Chesterfield
Massachusetts-based fusion energy company Commonwealth Fusion Systems announced that it raised $863 million in a Series B2 fundraising round.
Virginia eyes nuclear to power booming data centers
Data centers devouring nearly a quarter of Virginia’s electricity, leaders push nuclear power, from SMRs to fusion, to meet rising demand.
Energy 2025: SABEL, MIKE
Sabel, a billionaire former investment banker, co-founded Venture Global in 2013 with finance lawyer Robert Pender, exporting U.S.-produced liquefied natural gas. In January the company went public, and shares opened nearly 4% below its $25 IPO price, earning a valuation of $58.2 billion, and its stock fell to a low of $7 in April, although […]
Energy 2025: BLUE, ROBERT M. ‘BOB’
Blue oversees Fortune 500 utility Dominion, which has 14,700 employees and provides regulated electricity service to 3.6 million customers in Virginia, North Carolina and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. Blue began his career with Dominion as managing director of state affairs and corporate policy in 2005. After […]
Energy 2025: SENECHAL, KRISTEN
Following an eight-month national search, Kristen Senechal was selected to lead NOVEC, succeeding David E. Schleicher, who retired in April. One of the nation’s largest electric cooperatives based on energy sales, NOVEC reported operating revenue of $864 million in 2023. The electric cooperative serves more than 180,000 residential and business customers in Clarke, Fairfax, Fauquier, [&helli[...]
Energy 2025: BROWN, CARLOS M.
Brown’s title at Dominion grows longer and longer. After joining the company in 2007 as senior counsel, Brown steadily climbed the ranks, holding business, operational and legal roles. In 2024, Brown became president of Dominion Energy Services and executive vice president, chief legal officer and corporate secretary of Dominion Energy. In June, Brown assumed oversight […]
