The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Virginia regulator approves utility Dominion’s 1GW solar, energy storage plan

By Jonathan Tourino Jacobo
LinkedIn
Twitter
Reddit
Facebook
Email

US utility company Dominion Energy Virginia has received approval from the Virginia State Corporation Commission (SCC) to expand its portfolio of solar and energy storage projects.

The expansion includes 15 new projects to be brought forward by Dominion Energy, as well as 24 power purchase agreement (PPAs) with third-parties for a total capacity of 1GW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Ed Baine, president of Dominion Energy Virginia, said: “This is another significant milestone in Virginia’s transition to energy independence.

“These projects will support thousands of good jobs and hundreds of millions in economic activity in communities across Virginia. This is a positive step forward for our customers, the environment and Virginia’s economy.”

The projects are expected to be completed between 2022 and 2023.

The company said the construction of the 15 projects is expected to generate US$880 million in economic benefits in the state as well as create more than 4,200 jobs.

The utility company had sent the proposal back in September 2021 to the SCC.

Clean energy policies enacted in Virginia in 2020 set a deployment target of 3.1GW of energy storage by 2035, the largest target of its type in the US until New York State doubled its previously-set 3GW target by 2030 to 6GW at the beginning of this year.

This story first appeared on PV Tech.

Read Next

Premium
February 20, 2024
We catch up with the president of Canada-headquartered Hydrostor, Jon Norman, about the firm’s advanced compressed air energy storage (A-CAES) tech, current projects, future plans and being a developer versus system integrator.
Premium
February 16, 2024
Energy storage investment tax credits (ITC) were priced more highly than any other clean energy type in transferability transactions last year, according to a report from tax credit ecosystem Crux which its CEO discussed with Energy-Storage.news.
February 15, 2024
A roundup of US battery storage project financing news from this week, with deals struck by SMT Energy and UBS, Plus Power, as well as CleanCapital and Available Power, covering over 1GW of projects.
February 15, 2024
Multinational utility and IPP RWE has completed three co-located battery energy storage system (BESS) projects in the US, totalling 190MW/360MWh, with another 2GWh-plus under construction.
Premium
February 14, 2024
The owner of a battery energy storage system (BESS) project in Illinois, US, is seeking at least US$10 million in damages from LG Energy Solution for supplying allegedly defective batteries, a court document shows.

Most Popular

Email Newsletter