Coastal Virginia Offshore Wind (CVOW) project
Dominion Energy CEO Bob Blue discussed continued growth in data center demand, offshore wind and the firm's Connecticut nuclear plant during the company's Q4 earnings call.
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
President-elect Trump said he would halt offshore wind power development, but how big of an impact he will have on the industry remains to be seen.
Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.
Dominion Energy’s 2024 Integrated Resource Plan calls for major expansions of offshore wind, solar power and natural gas to meet surging demand in its territory.
A growing economy driven by new data centers has demand surging in Dominion Energy’s utility territory, CEO Robert Blue said in a speech.
Dominion earned $572 million in the second quarter of 2024 and logged six new peak demand records in July on the back of Virginia’s continued electricity consumption growth.
Avangrid agrees to shed some of its wind power development potential off the North Carolina coast.
Dominion expects to start installing monopiles for the Coastal Virginia Offshore Wind project between May 6 and 8, CEO Robert Blue told analysts during the company’s first-quarter earnings call.
Representatives of Central Atlantic states seek intraregional collaboration on their nascent offshore wind sector.
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