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Dominion reports increases in diverse hiring over past 5 years
Utility aims for 40% women, people of color in workforce by 2026
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
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BWXT to invest $65M in new Campbell County campus
Nuclear fuel supplier expects to create 97 jobs over three years
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Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) will build out and upfit a center for manufacturing and research and development adjacent to its Campbell County facility, creating 97 jobs, Gov. Ralph Northam announced Friday. The Fortune 1000 company plans to invest $65 million over the next three years, a Virginia Economic Development
SCC approves Dominion settlement, refunding $330M to customers
9.35% rate of return set, along with $50M in annual rate reductions
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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
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Dominion offshore wind farm cost climbs to $9.8B
CEO cites inflation among factors causing roughly 25% increase
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Dominion Energy Inc.’s offshore wind farm will cost about $2 billion more than expected, the Richmond-based Fortune 500 utility’s chair, president and CEO, Bob Blue, said during a third quarter earnings call Friday. Instead of the previously estimated $7.8 billion, the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) commercial project will cost approximately $9.8 billion, Blue
Fluence launches IPO that could raise $868M
Shares were priced starting at $28 each
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Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As of 3:55
Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth
Spanish company to invest $200M, create 310 jobs
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Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a partner in Dominion Energy’s 2.6-gigawatt, $7.8 billion
Henrico green-lights $2.3B GreenCity project
Next step is sale of land from county to GreenCity developers
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The Henrico County Board of Supervisors this week unanimously approved rezoning the 204-acre former Best Products headquarters campus into the $2.3 billion GreenCity project, a major mixed-used development that will feature a 17,000-seat arena. GreenCity, which was proposed in December 2020, is also expected to include two hotels with 600 rooms, about 2.2 million square
Mars Inc. pledges to go net zero by 2050
McLean global food manufacturer ups previous commitment
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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
Deal to sell Questar subsidiary to Berkshire Hathaway fell through in July
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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 quarter. Questar Pipeline is an
‘Where the game is happening’
Region aims to become East Coast offshore wind hub
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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 the nascent carbon-neutral energy