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Mitre names new president and CEO
Mark Peters, an executive vice president at Battelle Memorial Institute in Charlottesville, has been named the next president and CEO of Mitre, succeeding Jason Providakes effective Sept. 3. Founded in 1958 with a focus on national security and operating from dual headquarters in McLean as well as Bedford, Massachusetts, Mitre i[...]
Dominion installs first post for offshore wind project
Dominion Energy plunged the first monopile — after the two existing pilot turbines — into the sea floor Wednesday, kicking off construction of the $9.8 billion Coastal Virginia Offshore Wind (CVOW) project that will bring 176 turbines 27 miles off the coast of Virginia Beach. Installation of the post started mid-morning and [...]
Broadband, renewable energy focuses for rural development, USDA administrator says
Rural communities can improve their economy and quality of life, Andrew Berke, administrator for the U.S. Department of Agriculture’s Rural Utilities Service, stressed during the opening of the fifth annual Investing in Rural America conference, held Tuesday at the Hotel Roanoke & Conference Center. The Federal Reserve Ban[...]
Clear waters
After receiving its final federal approvals in January, Dominion Energy’s $9.8 billion Coastal Virginia Offshore Wind project remains on track for completion in late 2026, at which point the 2.6-gigawatt project could power up to 660,000 homes. “CVOW is on budget, on time, and we’re gearing up for construction and excited [...]
Electrolyzer manufacturer to build $400M plant in Chesterfield
Updated May 1, 2024 Topsoe, a Danish electrolyzer manufacturer, is planning to build a $400 million manufacturing facility in Chesterfield County after receiving $136 million in federal tax credits to help fund construction, the company announced Friday. The plant is expected to create about 150 jobs, according to a news release[...]
Natural selection
Natural gas as a source of energy for Virginia power plants is set to reach its final days by the middle of the century — or is it? The Virginia General Assembly set that deadline in 2020 when it passed the Virginia Clean Economy Act, which requires the state’s two major electric utilities to shift […]
Dominion to sell 50% interest in offshore wind farm
Dominion Energy announced Feb. 22 it had reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the utility’s Coastal Virginia Offshore Wind project for nearly $3 billion. The deal is expected to close by the end of 2024, if approved by the Virginia State Corporation Commission and the North [...]
Conservative groups sue to stop Dominion wind farm
A nonprofit conservative watchdog group based in Falls Church filed a lawsuit Monday against Dominion Energy, the U.S. Bureau of Ocean Energy Management, the U.S. Department of the Interior and other government bodies, aiming to stop construction of Dominion’s offshore wind farm expected to begin this spring 27 miles off t[...]
Dominion closes sale of East Ohio Gas for $6.6B
Richmond-based Fortune 500 utility Dominion Energy closed on its sale of East Ohio Gas to Canadian pipeline and energy company Enbridge in a $6.6 billion deal, the utility announced Thursday. The sale was first announced in September 2023 as part of a deal for Dominion to sell its three natural gas distribution companies. The Pu[...]
Lawmakers signal more support for electric vehicles, charging network
RICHMOND, Va. — Lawmakers advanced legislation to expand electric vehicle infrastructure throughout the state, which could help meet a looming mandate that sales of new gas-powered vehicles be phased out by 2035. More infrastructure, such as electric chargers, is needed to meet the deadline and growing EV demand. Del. Richard [...]
Dominion to sell 50% interest in Va. Beach offshore wind farm for $3B
Dominion Energy announced Thursday it has reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the Coastal Virginia Offshore Wind commercial project off the Virginia Beach coast for nearly $3 billion. If the sale is approved by the Virginia State Corporation Commission and the North Carolina [...]
ODEC keeps interim president and CEO permanently
John C. Lee Jr. will stay on as Old Dominion Electric Cooperative’s permanent president and CEO after serving in an interim capacity since Sept. 8, 2023, the Glen Allen-based not-for-profit power cooperative announced Monday. In October 2023, ODEC began its search for a new president and CEO after Marcus Harris resigned in[...]
