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Mars Inc. pledges to go net zero by 2050
Mars Inc. has pledged to achieve net-zero greenhouse gas emissions across its full value chain by 2050, the McLean-based global food manufacturer announced Tuesday. The pledge is in line with the Paris Agreement to reduce global warming. “The scale of global intervention must be bolder and faster,” Mars CEO Grant F. Reid said in a […]
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday. The all-cash deal includes the assumption of $430 million of debt. The transaction is expected to close in the fourth q[...]
‘Where the game is happening’
Touting one of North America’s largest ports, congestion-free shipping channels and the nation’s highest percentage of maritime workers, Hampton Roads is charting a course to become the East Coast supply chain hub for the offshore wind industry. Those attributes, say local leaders, set the region apart in the race to build t[...]
Fluence files plans for IPO
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., announced this week it has filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. The number of shares and price range for the proposed offer[...]
AES promotes investment chair to CFO
Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Be[...]
Dominion Energy proposes solar, energy storage projects
As it works towards a state mandate for producing electricity from carbon-free sources by 2045, Dominion Energy Virginia has acquired a 20-megawatt battery storage facility in Chesterfield County from Charlottesville-based energy storage developer East Point Energy, according to a Sept. 16 announcement from the Richmond-based Fo[...]
Dominion Energy to sell downtown Richmond high rise
Dominion Energy is selling its 20-story high rise building in downtown Richmond’s Financial District as the company looks toward a future that includes a hybrid workforce. Mike Frederick, the company’s senior vice president-administrative services, told employees Thursday in a memo that Dominion’s Eighth and Main tower, at 705 E. Main St. will be sold. Real […]
Tigercomm to acquire Florida clean energy PR firm
Vienna-based Tigercomm, a clean energy-focused public relations firm, is acquiring Tampa, Florida-based Chase Media Services LLC, in a deal that is expected to be completed by Nov. 1. Mike Casey, the Tigercomm founder and president, said the acquisition will help Tigercomm meet growing demand from clean economy sectors. “This acquisition is a strong fit with […]
Clean slate
On April 17, 2020, with a flourish of the pen, Virginia Gov. Ralph Northam reshaped the future of energy production in the commonwealth. Signing the Virginia Clean Economy Act (VCEA) into law last year, Northam declared that Virginia would become a leader in fighting climate change, and, indeed, no other Southern state has passe[...]
Dominion Energy and Port of Va. reach lease agreement for offshore wind project
Dominion Energy Inc. and the Port of Virginia reached an agreement allowing Dominion to lease 72 acres of the Portsmouth Marine Terminal, Gov. Ralph Northam announced Wednesday. Dominion Energy will use its portion of the 287-acre terminal, one of the Port of Virginia’s two multiuse terminals in the Norfolk Harbor, as a stagin[...]
Federal approval process starts for Va. Beach wind farm
Friday will mark an important milestone for Dominion Energy Inc.’s wind energy plans, as the federal Bureau of Ocean Energy Management begins its two-year permitting and environmental review of the 2.6-gigawatt Coastal Virginia Offshore Wind project. That’s the next step before construction begins in 2024, Dominion s[...]
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[...]
