Sign In
Free Newsletter
Derivatives exchange company to create 37 jobs in Fairfax
Tysons-based derivatives exchange company Nodal Exchange will invest $300,000 to expand its Fairfax County headquarters, creating 37 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase capacity at its headquarters, located at 1921 Gallows Road in Tysons. “Nodal Exchange offers the largest suite of power and environmental contracts in the world, and we are […]
BWXT subsidiary to build first U.S. nuclear microreactor
BWXT Advanced Technologies LLC, a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc., will build the first advanced nuclear microreactor in the United States under a $300 million contract awarded by the Department of Defense’s Strategic Capabilities Office, the company announced Thursday. In March 2021, BWXT was chosen as one of two […]
SW community colleges to create wind manufacturing workforce
The presidents of four community colleges in Southwest Virginia signed a memorandum of understanding Wednesday to establish a wind manufacturing workforce development partnership. “Today’s MOU signing is meaningful because it demonstrates our resident and abiding interest in collaborating. Our four community college presidents are setting an example of how to find ways to work together[...]
Davenport Energy promotes Harold Thornton to president
Chatham-based Davenport Energy Inc. has promoted Harold E. “Hal” Thornton Jr. to president, the company announced Tuesday. Thornton has been with Davenport, a provider of gas, diesel fuel propane and petroleum products, for 27 years. He was initially hired as human resources director in 1995, rising through the ranks to supervisory and management positions. Most […]
Coal waste project launches in SW Va.
A public-private project to evaluate the critical minerals in coal waste products in Virginia, West Virginia and Kentucky launched Wednesday with a community meeting in the Virginia Highlands Small Business Incubator in Abingdon. The project, Evolve Central Appalachia (Evolve CAPP), is part of an almost $1.5 million grant from the U.S. Energy Department to the […]
Washington Gas gifts Virginia Tech $430,000 for STEM education
Washington Gas gifted Virginia Tech $430,000 to help increase pathways into higher education in STEM disciplines, the university announced Monday. “Washington Gas is honored to partner with Virginia Tech and promote STEM education across the commonwealth of Virginia. Together, our program will help shape future generations of students and workers exploring energy in school studies […]
Port of Va. hires offshore wind development VP
Patrick Kinsman, former CEO and commander of the U.S. Army Corps of Engineers’ Norfolk District, has been hired as the Port of Virginia’s new vice president of offshore wind development. Kinsman will oversee Portsmouth Marine Terminal’s conversion to a logistics hub. Simeans Gamesa Renewable Energy S.A. is investing $200 million to build the first U.S. […]
Youngkin chooses natural resources secretary
Gov.-elect Glenn Youngkin announced Wednesday that former Environmental Protection Agency Administrator Andrew Wheeler is his pick for state secretary of natural resources. At the same time, Youngkin chose Michael Rolband as director of the Virginia Department of Environmental Quality. “Virginia needs a diverse energy portfolio in place to fuel our economic growth, continued preservation of [&he[...]
The great divide
Virginia’s business community faces a strangely familiar and yet uncertain state government headed into the 2022 General Assembly session, which begins Jan. 12. Republicans rolled to victories across the board in the November 2021 election as Gov.-elect Glenn Youngkin led a GOP sweep of all three statewide offices, and Republicans also won a narrow 52-48 […]
Q&A: Quebec official discusses Va. trade mission
Quebec’s delegate general in New York, Martine Hébert, visited Virginia this week on a trip to strengthen economic relations between her province and the commonwealth. Appointed in August by Quebec Premier François Legault and based out of New York, Hébert is responsible for promoting the province’s economic interests in the mid-Atlantic region. She previously served […]
Dominion reports increases in diverse hiring over past 5 years
Dominion Energy Inc. released its first public diversity, equity and inclusion report on Friday, reporting increases in gender and racial diversity among employees hired between 2016 and 2020. With a goal of reaching 40% in diverse workforce representation — meaning hires of women and non-white people — by 2026, the Richmond-based utility giant, which employs […]
SCC approves Dominion settlement, refunding $330M to customers
The State Corporation Commission approved a settlement with Dominion Energy Virginia in which the Richmond-based utility will refund customers $330 million and reduce rates annually by $50 million, the SCC announced Thursday. For a residential customer using 1,000 kilowatt hours per month, the rate reduction will result in a decrease of about 90 cents per […]
