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Dominion vessel to assist in building Northeastern offshore wind farms

Dominion Energy Inc. has reached an agreement with two companies to charter its offshore wind turbine installation vessel to assist with construction of two offshore wind farms in the Northeastern U.S.

The partnership with Ørsted and Eversource was announced Tuesday and comes six months after Dominion announced construction had begun on the $500 million vessel, named Charybdis after the sea monster from Greek mythology.

It will be the nation’s first offshore wind vessel in compliance with the Jones Act, which requires goods shipped between U.S. ports to be carried on U.S.-flagged, U.S.-built ships. Charybdis will be 472 feet long, 184 feet wide, 38 feet deep and will be made of 14,000 tons of steel, with nearly 10,000 tons sourced from the U.S. The vessel can hold up to 119 people, including somewhere between 20 and 30 maritime crew and 30 to 100 wind turbine workers, depending on the vessel’s mission at the time.

“A Jones Act-qualified installation vessel is a game changer for the development of the U.S. offshore wind industry,” said David Hardy, CEO of Ørsted Offshore North America, in a statement. “This investment will enable us to unlock the economic benefits of offshore wind, not just for the Northeast, but for the Southern states as well. We’re proud to partner with Dominion Energy and Eversource on this historic milestone.”

The $500 million watercraft, Charybdis, is expected to be sea-ready by late 2023, and will be responsible for carrying materials and assisting in the construction of offshore wind farms.

It will first be deployed out of New London harbor in Connecticut to support the construction of Revolution Wind and Sunrise Wind, both under joint development by Ørsted and Eversource, according to Dominion’s release.

The projects are set to serve nearly one million homes in Rhode Island, Connecticut and New York. Once complete, the two farms will generate more than 1.6 gigawatts of energy.

The charter’s terms will allow the vessel, subject to state regulatory approval, to also support construction of Dominion Energy’s proposed $7.8 billion, 2.6 gigawatt Coastal Virginia Offshore Wind project 27 miles off the coast of Virginia Beach. The farm is expected to be completed by 2026.

The Coastal Virginia Offshore Wind project will support roughly 900 jobs, with about 60% in Hampton Roads, leading to more than $143 million in economic output. Once construction is completed in 2027, more than 1,100 workers in Hampton Roads would operate and maintain the wind farm. That could translate into $210 million in economic output for the region, generating nearly $6 million in local tax revenue, according to Dominion.

 

Lynchburg’s BWXT wins $690M contract extension

The U.S. Department of Energy has awarded a contract extension to Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) worth up to $690 million, the company announced today.

BWXT has worked with Irving, Texas-based engineering and construction firm Fluor Corp. on the project, an effort to decontaminate and decommission the former Portsmouth Gaseous Diffusion Plant in Piketon, Ohio.

The new agreement, which took effect March 29, includes a one-year extension with two additional six-month options, BWXT said. The original contract was awarded in 2010.

The joint venture, which employs 1,900 workers, is part of a cleanup program the DOE launched in 1989. The facility, which operated from 1954 to 2001, was one of three gaseous diffusion plants in the country constructed to produce enriched uranium, according to BWXT.

The company’s work across seven sites supporting the DOE’s environmental management mission “demonstrates the breadth and depth of our company’s waste management, environmental remediation and site cleanup capabilities,” BWXT’s Nuclear Services Group president, Ken Camplin, said in a statement.

BWXT also produces nuclear fuel in Lynchburg for the DOE, as part of a project it announced in November

Tom Farrell retiring from Dominion Energy

After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directors; he will remain on for two months as a special adviser to Dominion President and CEO Robert Blue, who also takes over as board chairman April 1.

“Tom has been an extraordinary leader and mentor to all of us at Dominion Energy, running the company with a nimble, steady hand,” Blue said in a communication to Dominion employees. “We have all benefited, and will continue to do so, from his vision and commitment to improve the communities we serve and build the most sustainable energy company in America.”

Farrell could not be reached for comment for this story.

His retirement comes on the heels of a March 23 announcement that Farrell was also stepping down from Henrico County-based Altria Group Inc.’s board of directors, which Farrell has chaired since April 2020. Farrell’s retirements from Dominion and Altria were both filed with the SEC on the same day. He had previously transitioned from Dominion’s president and CEO to executive chair in October 2020, leading to Blue’s ascension as Dominion’s top leader.

One of the state’s most powerful leaders, Farrell also chairs the state GO Virginia board, which allocates funding for economic development projects across Virginia. He has served on the boards of visitors for Virginia Commonwealth University and the University of Virginia, for which he also served as rector. He holds a bachelor’s degree in economics and a law degree from the University of Virginia.

A former Army brat, he wrote, funded and produced the 2014 film, “Field of Lost Shoes,” which focused on the 250 teen cadets from Virginia Military Institute who fought for the Confederates during the Battle of New Market in 1864.

Dominion’s annual revenue for 2020 was $14.17 billion. Under Farrell’s leadership, Dominion tripled its philanthropic giving and came close to doubling its earnings per share.

Farrell joined Dominion in 1995 as its general counsel, having previously represented the company as part of a team of attorneys at McGuireWoods. He became its president and CEO in 2006. He was elected chairman of its board in 2007.

In recent years, Farrell has led the utility towards more sustainable sources of energy, including expansions into solar and offshore wind.

Last summer, Dominion canceled its long-delayed $8 billion Atlantic Coast Pipeline and sold its gas transmission and storage business to Berkshire Hathaway Inc. for almost $10 billion, with Farrell saying that Dominion would be narrowing its focus on its utilities business. As part of a state initiative to shift to carbon-free energy production by 2050, Dominion last year completed the pilot phase of its proposed $7.8 billion, 2,640-megawatt wind farm 27 miles off the coast of Virginia Beach. Scheduled for completion in 2026, it is planned to be the nation’s largest offshore wind farm, with at least 180 giant wind turbines.

Farrell has also been a prime player in state and local politics. He served on Gov. Bob McDonnell’s five-person transition committee and also led the Virginia Governor’s Commission on Higher Education Reform. Farrell’s son Peter served three terms in the Virginia House of Delegates. And Farrell’s brother-in-law is former state Attorney General Richard Cullen, former chairman of McGuireWoods.

In early 2020, amid community opposition, Richmond City Council defeated the $1.5 billion Navy Hill downtown redevelopment plan Farrell had spearheaded in an attempt to replace the aging Richmond Coliseum.

Among his many civic positions, Farrell is a past chairman of the Edison Electric Institute and is a past member of the board of trustees for both the Virginia Museum of Fine Arts and the Colonial Williamsburg Foundation.

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Framatome launches government solutions subsidiary

Lynchburg-based Framatome Inc. announced Monday the launch of an independent subsidiary, Framatome U.S. Government Solutions LLC, which will focus on nuclear energy initiatives and projects for federal agencies.

“Our Framatome team has been delivering solutions to the commercial nuclear industry for more than 60 years and Framatome U.S. Government Solutions consolidates our diverse areas of expertise to focus on serving the U.S. government,” said Jeff Whitt, president of Framatome U.S. Government Solutions, in a statement. “We are committed to furthering work with our government partners to deploy nuclear energy services and technologies, and secure our country’s clean energy future.”

Framatome U.S. Government Solutions will support contract work for Department of Energy, the Department of Defense, national laboratories and nuclear energy university programs. The company’s work will include the development of advanced reactor technologies and nuclear services involving fuel, instrumentation, controls, inspections, maintenance and engineering.

The new company’s board of directors will be chaired by Framatome Inc. President and CEO Gary M. Mignogna. Katherine Williams, senior vice president and chief financial officer for Framatome Inc., also serves on the board.

Framatome Inc. is the North American subsidiary of French nuclear reactor company Framatome, which has 14,000 employees worldwide, including 1,300 in Lynchburg.

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Northam announces $3.6M expansion of Eaton in Henrico

Power management manufacturer and supplier Eaton Corp. plc will invest $3.6 million to move production from California to its facility in Henrico County, Gov. Ralph Northam announced Friday.

The move will create 80 jobs through the expansion of the Henrico facility’s production capabilities and the addition of new lines for electrical component manufacturing. Eaton, an American Irish-domiciled company, provides sustainable solutions to help customers better manage electrical, hydraulic and mechanical power.

“Eaton’s decision to move production to Henrico County and expand its presence in our commonwealth demonstrates the strength of Central Virginia’s manufacturing workforce,” Northam said in a statement. “The company’s commitment to sustainable power solutions aligns perfectly with the Clean Energy Virginia initiative, and we look forward to partnering with Eaton as we work to accelerate our transition to renewable energy.”

Eaton operates in more than 175 countries and has distribution centers in Henrico County and Charlottesville. Eaton employs approximately 92,000 people and had revenues of $17.9 billion in 2020.

“Optimizing our existing Eaton footprint in Henrico will ensure that our operations are well-positioned for future success,” said Chris Butler, senior vice president and general manager of Eaton’s power quality division. “This investment further solidifies our commitment to our operations in the greater Richmond area, and we look forward to being a longstanding member of this community.”

The Virginia Economic Development Partnership worked with the Henrico Economic Development Authority and Port of Virginia to secure the project for Virginia and will support Eaton’s job creation through VEDP’s Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.

As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, as well as state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.

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Appalachian Power issues RFP for solar, wind projects

Appalachian Power Co. on Monday issued a request for proposals (RFPs) for up to 300 megawatts of solar and/or wind generation resources. 

This is the first in a string of RFPs that the company will issue this year to comply with the Virginia Clean Economy Act, which requires that the company achieve 100% carbon-free energy generation in its Virginia service territory by 2050.

“This is Appalachian Power’s largest request yet in a single year for renewable energy bids,” Appalachian Power President and Chief Operating Officer Chris Beam said in a statement. “We look forward to reviewing the proposals and issuing more requests for bids later this year as we expand our portfolio and reliance on clean energy.”

Under the RFP, Appalachian Power may consider a single project or multiple facilities. Solar projects must be located in Virginia, while wind projects don’t have to be located in Virginia, but it is preferred. 

Appalachian Power is seeking facilities of at least 50 megawatts that can be commercially operational by mid-December 2023. Proposals with an operational date by Dec. 15, 2024, will still be considered, however.

Proposals must be submitted by March 31.

Appalachian Power has more 1 million customers in Virginia, West Virginia and Tennessee. Last year, the company sought a rate increase from the State Corporation Commission, which was denied in November 2020. The company was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity.

 

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Calif.-based contractor buys Herndon spacecraft developer

San Diego-based energy and defense contractor General Atomics announced last week it has acquired Herndon-based spacecraft and space system developer Tiger Innovations Inc. 

Financial terms of the transaction were not disclosed, but Tiger Innovations will become part of General Atomics’ electromagnetic systems (GA-EMS) group. 

Founded in 1997, Tiger Innovations develops specialty software, hardware and computer architecture design and implementation for spacecraft and satellite systems. General Atomics researches, designs and manufactures electromagnetic and electric power generation systems.

“Acquiring Tiger Innovations strengthens our space systems capabilities,” GA-EMS President Scott Forney said in a statement. “With this acquisition, we expand our footprint in Northern Virginia and now have a robust coast-to-coast space systems development infrastructure, increasing our ability to deliver comprehensive solutions of any scale on-orbit and on time.”

 

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Va., Md., Del. electric cooperatives association names president, CEO

The board of directors of the Glen Allen-based Virginia, Maryland & Delaware Association of Electric Cooperatives (VMDAEC) announced Monday that Brian S. Mosier has been named president and CEO, effective April 1.

He succeeds Richard G. Johnstone Jr., who is retiring after a 36-year career with the association. Mosier has been with VMDAEC since 2013 and has served as vice president of government affairs, vice president of member and government relations and chief operating officer.

“Brian is a proven leader who is well-known and well-regarded by our member systems, with a strong track record of success in all of the positions he’s held,” VMDAEC Board Chair Patricia S. “Pat” Dorey said in a statement.

Mosier has also previously worked with the Union Power Cooperative in North Carolina and the Mecklenburg Electric Cooperative in Chase City. He earned his bachelor’s degree from the University of North Carolina at Charlotte.

VMDAEC provides safety and training, communications and legislative services to 15 electric cooperatives in Virginia, Maryland and Delaware.

 

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Politico to acquire E&E News

Arlington-based political and policy-focused news organization Politico announced last week it will acquire energy and environment news organization E&E News.

Terms of the acquisition were not disclosed, but the purchase will add energy and environmental coverage, according to a company statement. The E&E Brand will remain intact.

“We are doubling down on our policy coverage by investing in journalism and growing our product offerings in the energy and environmental policy space, which touches all aspects of the economy and government,” Politico Publisher and Executive Chairman Robert Allbritton said in a statement.

E&E currently has more than 65 reporters and editors across the United States. Founded in 2007, Politico employs nearly 600 people in North America — with more of half being editorial staff. 

“I believe the combination of E&E News’ trusted, independent and comprehensive journalism and Politico’s ambitious reporting, influential audience and innovation will provide unparalleled and unique coverage of energy and environmental issues that our subscribers and the world need right now,” E&E News co-founder and Publisher Michael Witt said in a statement.

 

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Qatar Investment Authority invests $125M in Arlington company

Arlington-based energy storage provider Fluence announced last week that the Qatar Investment Authority (QIA) will invest $125 million in the company.

Fluence is a joint venture of Arlington-based energy company AES Corp. and industrial manufacturing giant Siemens. The company will use the investment to develop digital products and deploy existing products to additional global markets. AES and Siemens will continue as major shareholders, each with approximately a 44% stake in the company.

“We see energy storage as the linchpin of a decarbonized grid and adding QIA to our international shareholder base will allow Fluence to innovate even faster and address the enormous global market for large-scale battery-based energy storage,” Fluence CEO Manuel Perez Dubuc said in a statement. 

The QIA is one of six founding members of the One Planet Sovereign Wealth Fund Initiative, which focuses on climate change issues related to financial decisions.

“We believe energy storage will play a key role in delivering cleaner, more sustainable and more resilient electric grids around the world,” QIA CEO Mansoor bin Ebrahim Al-Mahmoud said in a statement. “This investment further underpins our commitment to responsible investing for a low-carbon future.”

Fluence has more than 2.4 gigawatts of projects in operation or awarded across 24 countries and territories worldwide.

 

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