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‘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[...]
Richmond-based GPM Investments closes on ExpressStop purchase
Richmond-based GPM Investments LLC became the nation’s sixth-largest convenience store chain Wednesday, after closing on its acquisition of the ExpressStop chain, including 60 gas station convenience stores in Michigan and Ohio. Financial terms were not disclosed. The acquisition, which was announced in March, adds to GPM’s existing 165 stores in Michigan and nine in Ohio. […]
Tiger Fuel Co. acquires solar company Altenergy Inc.
Charlottesville-based Tiger Fuel Co. has completed its acquisition of solar energy company Altenergy Inc., which is also based in Charlottesville, the companies announced Tuesday. Financial terms were not disclosed. The purchase of the energy company follows more than two years of collaboration, in which Tiger partnered with Altenergy to power its convenience stores in Charlottesville […]
