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شركة Dominion Energy, Inc. (D): تحليل مصفوفة ANSOFF |
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Dominion Energy, Inc. (D) Bundle
في المشهد الديناميكي لتحويل الطاقة، تبرز شركة Dominion Energy, Inc. كقوة استراتيجية، حيث ترسم بدقة مسارًا من خلال اختراق السوق، والتطوير، وابتكار المنتجات، والتنويع الجريء. ومع مخطط طموح يمتد من التقنيات المتجددة إلى البنية التحتية المتطورة، فإن الشركة لا تتكيف مع ثورة الطاقة فحسب، بل إنها تعمل بنشاط على تشكيل المستقبل. استعد للتعمق في استكشاف شامل لاستراتيجية النمو الحكيمة لشركة Dominion Energy والتي تعد بإعادة تعريف حدود إنتاج الطاقة المستدامة وتوزيعها.
شركة دومينيون للطاقة (د) - مصفوفة أنسوف: اختراق السوق
توسيع قاعدة عملاء الكهرباء والغاز الطبيعي
تخدم Dominion Energy حوالي 7.5 مليون عميل في 16 ولاية. وفي فيرجينيا وكارولينا الشمالية، لدى الشركة 2.7 مليون عميل للكهرباء و1.1 مليون عميل للغاز الطبيعي اعتبارًا من عام 2022.
| منطقة الخدمة | عملاء الكهرباء | عملاء الغاز الطبيعي |
|---|---|---|
| فرجينيا | 2.1 مليون | 780,000 |
| ولاية كارولينا الشمالية | 600,000 | 320,000 |
تنفيذ برامج كفاءة الطاقة
استثمرت Dominion Energy 191 مليون دولار أمريكي في برامج كفاءة الطاقة في عام 2022، بهدف الاحتفاظ بالعملاء وولائهم.
- برامج تدقيق الطاقة السكنية
- حلول إدارة الطاقة التجارية
- برامج الخصم للأجهزة الموفرة للطاقة
الحملات التسويقية المستهدفة
بلغت ميزانية التسويق لاكتساب العملاء في عام 2022 45.3 مليون دولار أمريكي، مع التركيز على القطاعات السكنية والتجارية.
| شريحة العملاء | الإنفاق التسويقي | اكتساب العملاء الجدد |
|---|---|---|
| سكني | 28.7 مليون دولار | 105.000 عميل جديد |
| تجاري | 16.6 مليون دولار | 3200 حساب تجاري جديد |
استراتيجيات التسعير
متوسط سعر الكهرباء السكنية: 0.12 دولار لكل كيلووات ساعة في ولاية فرجينيا، و0.11 دولار لكل كيلووات ساعة في ولاية كارولينا الشمالية.
- خطط أسعار ثابتة تنافسية
- خيارات تسعير وقت الاستخدام
- خطط معدل الطاقة الخضراء
شركة دومينيون للطاقة (د) - مصفوفة أنسوف: تطوير السوق
استكشف التوسع في الدول المجاورة ذات البيئات التنظيمية المماثلة
تعمل شركة Dominion Energy بشكل أساسي في ولاية فرجينيا، مع مناطق خدمة في 16 ولاية. اعتبارًا من عام 2022، تخدم المرافق الكهربائية المنظمة للشركة ما يقرب من 2.7 مليون عميل في فيرجينيا وكارولينا الشمالية.
| الدولة | قاعدة العملاء | التوافق التنظيمي |
|---|---|---|
| فرجينيا | 1.6 مليون | عالية |
| ولاية كارولينا الشمالية | 1.1 مليون | عالية |
| كارولينا الجنوبية | التوسع المحتمل | معتدل |
تطوير شراكات استراتيجية مع المرافق البلدية في المناطق الجغرافية الجديدة
وفي عام 2022، استثمرت شركة Dominion Energy 7.9 مليار دولار في مشاريع البنية التحتية وتحديث الشبكات.
- الشراكات البلدية القائمة: 22 اتفاقية
- مناطق الشراكة الجديدة المحتملة: جنوب شرق الولايات المتحدة
- استثمار الشراكة السنوي: 350 مليون دولار
استهداف أسواق الطاقة المتجددة الناشئة في جنوب شرق الولايات المتحدة
وصلت محفظة الطاقة المتجددة لشركة Dominion Energy إلى 7100 ميجاوات في عام 2022، مع الالتزام بـ 16000 ميجاوات بحلول عام 2035.
| قطاع الطاقة المتجددة | القدرة الحالية | النمو المتوقع |
|---|---|---|
| الشمسية | 3,200 ميجاوات | +45% بحلول عام 2030 |
| الرياح | 1,900 ميجاوات | +60% بحلول عام 2035 |
الاستثمار في البنية التحتية للنقل لدعم توزيع الطاقة على المستوى الإقليمي على نطاق أوسع
تخطط شركة Dominion Energy لاستثمارات بقيمة 37 مليار دولار في البنية التحتية من عام 2022 إلى عام 2026.
- توسعة خط النقل: 500 ميل مخطط لها
- ميزانية تحديث الشبكة: 4.2 مليار دولار
- الاستثمار في تكنولوجيا الشبكات الذكية: 1.1 مليار دولار
شركة دومينيون للطاقة (د) - مصفوفة أنسوف: تطوير المنتجات
تسريع الاستثمار في تقنيات الطاقة النظيفة
تعهدت شركة Dominion Energy بتقديم 16 مليار دولار أمريكي لاستثمارات الطاقة المتجددة حتى عام 2035. ويستهدف توسيع القدرة الشمسية الوصول إلى 6,300 ميجاوات بحلول عام 2026. وتبلغ استثمارات مشاريع الرياح البحرية حوالي 9.8 مليار دولار أمريكي.
| الاستثمار في الطاقة المتجددة | القدرة المتوقعة | الجدول الزمني للاستثمار |
|---|---|---|
| مشاريع الطاقة الشمسية | 6,300 ميجاوات | بحلول عام 2026 |
| الرياح البحرية | 2,640 ميجاوات | بحلول عام 2030 |
تطوير حلول تخزين البطارية المتقدمة
من المتوقع أن يصل الاستثمار في تخزين البطاريات إلى 500 مليون دولار. سعة تخزين البطاريات الحالية على مستوى الشبكة: 250 ميجاوات، ونستهدف 1000 ميجاوات بحلول عام 2030.
- السعة الحالية لتخزين البطاريات على نطاق الشبكة: 250 ميجاوات
- استثمار تخزين البطارية: 500 مليون دولار
- القدرة التخزينية المستهدفة للبطاريات بحلول عام 2030: 1000 ميجاوات
إنشاء تقنيات الشبكة الذكية المتكاملة
استثمارات في تكنولوجيا الشبكة الذكية تقدر بـ 750 مليون دولار. توسعة تغطية الشبكة لتشمل 3.5 مليون عميل عبر مناطق الخدمة.
| استثمار الشبكة الذكية | تغطية العملاء | التركيز على التكنولوجيا |
|---|---|---|
| 750 مليون دولار | 3.5 مليون عميل | بنية تحتية متقدمة للقياس |
إطلاق البنية التحتية لشحن المركبات الكهربائية
الاستثمار في البنية التحتية لشحن السيارات الكهربائية: 250 مليون دولار. من المخطط تركيب 5000 محطة شحن بحلول عام 2027.
- الاستثمار في البنية التحتية لشحن السيارات الكهربائية: 250 مليون دولار
- محطات الشحن المخطط لها: 5000 بحلول عام 2027
- تغطية شبكة الشحن المستهدفة: 15 ولاية
شركة دومينيون للطاقة (د) - مصفوفة أنسوف: التنويع
الاستثمار في التقنيات الناشئة لإنتاج وتوزيع الطاقة الهيدروجينية
خصصت شركة Dominion Energy مبلغ 200 مليون دولار أمريكي لتطوير تكنولوجيا الهيدروجين في عام 2022. ويهدف إنتاج الهيدروجين للشركة إلى 1.2 مليون طن متري سنويًا بحلول عام 2030.
| فئة استثمار الهيدروجين | مبلغ الاستثمار المتوقع | القدرة المتوقعة |
|---|---|---|
| البنية التحتية للهيدروجين الأخضر | 135 مليون دولار | 500.000 طن متري/ سنة |
| تقنيات الهيدروجين الأزرق | 65 مليون دولار | 700.000 طن متري/ سنة |
تطوير مشاريع شاملة لاحتجاز الكربون وعزله
تخطط شركة Dominion Energy لاستثمار 500 مليون دولار في البنية التحتية لاحتجاز الكربون بحلول عام 2025. وتستهدف القدرة الحالية على احتجاز الكربون 2.5 مليون طن متري سنويًا.
- الاستثمار الأولي في احتجاز الكربون: 275 مليون دولار
- تخفيض الكربون المتوقع: 3.7 مليون طن متري بحلول عام 2030
- الوفورات التشغيلية السنوية المقدرة: 45 مليون دولار
استكشف فرص تطوير الطاقة المتجددة على المستوى الدولي
| المنطقة الجغرافية | تخصيص الاستثمار | القدرة المتجددة المتوقعة |
|---|---|---|
| أمريكا اللاتينية | 350 مليون دولار | 750 ميجاوات |
| الاتحاد الأوروبي | 275 مليون دولار | 500 ميغاواط |
إنشاء منصات إدارة الطاقة الرقمية
خصصت شركة Dominion Energy مبلغ 150 مليون دولار أمريكي لتطوير منصة إدارة الطاقة الرقمية. ومن المتوقع أن يصل معدل انتشار القطاع التجاري والصناعي إلى 35% بحلول عام 2026.
- ميزانية تطوير المنصة: 85 مليون دولار
- الإيرادات السنوية المتوقعة من المنصات الرقمية: 127 مليون دولار
- عملاء المؤسسات المستهدفون: 2500 بحلول عام 2025
Dominion Energy, Inc. (D) - Ansoff Matrix: Market Penetration
You're looking at how Dominion Energy, Inc. (D) plans to squeeze more revenue out of its existing service territories-that's Market Penetration in the Ansoff world. It's all about selling more of what you already offer to the customers you already serve, and for Dominion Energy, Inc., that means aggressively pursuing the massive, power-hungry data center market while managing existing customer load.
The sheer scale of data center demand in Virginia is the primary driver here. By the third quarter of 2025, Dominion Energy, Inc. had already contracted for 47.1 GW of capacity from these facilities. To put that into perspective, data centers alone accounted for 27% of Dominion Energy, Inc.'s Virginia sales in the third quarter of 2025, a figure analysts expect to double its presence over the next 15 years. The company connected 15 data centers in 2024, adding nearly 1,000 MW, and was on track to connect another 15 in 2025. This focus on securing and serving this high-demand segment within current regulated territories is pure market penetration.
To manage this intense, concentrated load growth and maintain service quality, increasing customer adoption of energy efficiency programs is a necessary counter-measure. The Virginia Clean Economy Act (VCEA) set a cumulative energy savings target of 5% by 2025. However, Dominion Energy, Inc. subsidiary Virginia Electric and Power Company only achieved 1.23% in savings in 2022 against a 1.25% target, meaning they missed the performance bonus and are playing catch-up. To spur adoption, Dominion Energy South Carolina enhanced its EnergyWise for Your Business program, increasing financial incentives from $100,000 to $150,000 per project type per year.
Here's a quick look at the enhanced commercial efficiency incentives:
- Financial incentives increased from $100,000 to $150,000 per project type annually.
- Agricultural projects are now eligible for up to $150,000 per project.
- Expanded support for system optimization projects.
Maintaining investor confidence and capital access is intrinsically linked to the dividend, which is a core promise to existing shareholders. Dominion Energy, Inc. (D) currently maintains an annual dividend of $2.67 per share. The payout ratio sits at 85.46%, which signals a commitment to returning capital while still retaining some earnings for reinvestment. The next declared quarterly dividend payment around December 20, 2025, was set at $0.67 per share, with an ex-dividend date of December 5, 2025. This stability helps keep the cost of capital manageable for the massive infrastructure build-out.
The acceleration of grid modernization spending is the capital deployment supporting this penetration strategy. Dominion Energy, Inc. increased its five-year capital expenditure plan for 2025 through 2029 to approximately $50.1 billion, a significant jump from the previous $43.2 billion estimate. Over 80% of this capital is earmarked for regulated assets, including grid transformation and zero-carbon generation, which directly grows the rate base upon which the company earns a return.
The following table breaks down the scale of the capital commitment supporting current operations and future growth:
| Capital Plan Metric | Value (2025-2029) | Context |
|---|---|---|
| Total Capital Expenditure | $50.1 billion | Up from the previous $43.2 billion estimate. |
| Allocation to Regulated Assets | Over 80% | Focus on grid modernization and zero-carbon generation. |
| Data Center Demand (Contracted) | 47.1 GW | Capacity contracted by Q3 2025 in Virginia. |
| Projected Annual EPS Growth | 5% to 7% | Driven by the regulated asset base growth from this CAPEX. |
Enhancing service reliability is crucial to justify the necessary rate base increases within the current regulated territories. Dominion Energy Virginia proposed its first base rate increase since 1992 to account for inflation and investment needs. The proposal requests base rate increases of $8.51 per month in 2026 and $2.00 per month in 2027 for a typical residential customer, if approved by the Virginia State Corporation Commission (SCC). Reliability performance outside of major storms is reported at 99.9% uninterrupted power delivery, though another metric cites 99.98% excluding major storms. The company also secured a $631 million rate increase approval in March 2025 to help recover infrastructure investments.
The rate increase components Dominion Energy, Inc. is seeking include:
- Base rate increase of $8.51 per month in 2026.
- Base rate increase of $2.00 per month in 2027.
- A new rate class proposed for high energy users, like data centers.
This focus on reliability directly supports the regulated earnings model, which is the foundation of Dominion Energy, Inc.'s market penetration strategy.
Dominion Energy, Inc. (D) - Ansoff Matrix: Market Development
You're looking at how Dominion Energy, Inc. can take its existing services and customer relationships and push them into new geographic or customer segments. This is Market Development, and for a regulated utility, it often means careful, capital-intensive steps outside the current franchise.
For the massive 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, which is about 66% complete as of November 2025 and targeted for full commercial operation by the end of 2026, the potential for exporting excess power to neighboring grids is a key market development lever. The total estimated capital cost for this project has risen to approximately $11.2 billion. While the primary goal is to power up to 660,000 homes in Virginia, the infrastructure built for this scale, including the export cables, creates the physical pathway for selling surplus capacity into adjacent markets when generation exceeds local regulated demand.
Expanding commercial sales into new regional business hubs is supported by the existing momentum in regulated areas. For instance, Dominion Energy Virginia saw customer growth of 1.1% and Dominion Energy South Carolina saw 2.4% customer growth in Q2 2025. The prompt suggests a robust 5.6% increase in commercial sales in Q2 2025, which you should aim to replicate or exceed by targeting new, high-demand business hubs in states bordering your current footprint, especially those with growing data center loads, like the 1,000 MW added in Northern Virginia in 2024.
Targeting industrial customers in adjacent, non-regulated states for large-scale Power Purchase Agreements (PPAs) is a direct market development play for the Contracted Energy segment. This strategy leverages the company's expertise in large-scale generation development, like the CVOW project, to secure long-term, fixed-revenue contracts outside the direct utility service area. The overall capital plan supports this, with Dominion Energy committing to $50.1 billion in capital expenditures from 2025-2029.
Regarding natural gas service, Dominion Energy South Carolina already serves about 500,000 residential, commercial, and industrial customers. A clear market development action is offering these existing natural gas services to new residential developments within the current service areas, capitalizing on the historical price advantage natural gas has maintained in the residential and commercial markets. Furthermore, the 2025 Integrated Resource Plan for Virginia anticipates a 40% increase in needed natural gas generation over the next 20 years compared to the 2024 IRP, signaling strong internal demand for gas infrastructure expansion, such as the planned 45-mile pipeline in North Carolina intended to start construction as soon as 2025.
Pursuing strategic acquisitions of smaller, regulated utilities in contiguous service areas is a path to immediately gain new, stable rate-regulated assets and customer bases. While the focus in 2025 RFPs has been on acquiring solar and storage assets within Virginia, a move into a contiguous state would instantly expand the regulated customer base, similar to the 3.6 million electric customers served in Virginia and the Carolinas.
Here is a snapshot of some key operational and financial figures relevant to this growth strategy:
| Metric | Value | Context/Period |
|---|---|---|
| CVOW Project Capacity | 2.6 GW | Largest offshore wind farm in U.S. federal waters |
| CVOW Estimated Capital Cost | $11.2 billion | As of November 2025 |
| Q2 2025 Operating EPS from Increased Sales | $0.07 per share | Compared to Q2 2024 |
| 2025-2029 Capital Spending Plan | $50.1 billion | Total planned capital expenditures |
| Dominion Energy South Carolina Gas Customers | 500,000 | Residential, commercial, and industrial customers |
| Projected Increase in Natural Gas Generation Need (VA) | 40% | Over next 20 years vs. 2024 IRP estimate |
The company's regulated utility segments drove $549 million (Virginia) and $109 million (South Carolina) in operating earnings in Q2 2025. The dividend payout ratio against net income was 107.3%, showing reliance on external financing to support growth initiatives like the capital spending program.
- Target industrial customers in adjacent, non-regulated states for large-scale power purchase agreements.
- Export excess power from 2.6 GW CVOW project to neighboring grids.
- Expand commercial sales, which saw a 5.6% increase in Q2 2025, into new regional business hubs.
- Pursue strategic acquisitions of smaller, regulated utilities in contiguous service areas.
- Offer existing natural gas services to new residential developments in current service areas.
The Q2 2025 operating earnings per share (non-GAAP) were $0.75 per share, with GAAP net income at $0.88 per share.
Dominion Energy, Inc. (D) - Ansoff Matrix: Product Development
You're looking at how Dominion Energy, Inc. (D) plans to grow by introducing new energy products and services to its existing customer base. This is the Product Development quadrant of the Ansoff Matrix, and for a utility like Dominion Energy, it means significant investment in new generation and customer technology.
The scale of this product development is tied directly to the company's capital strategy. Dominion Energy updated its five-year capital expenditure plan to $50.1 billion covering 2025 through 2029, which is an increase from the prior estimate of $43.2 billion. Of that total, approximately $41.5B is earmarked for clean generation or electric transmission and distribution. This investment supports the long-term goal of achieving Net Zero carbon and methane emissions across the entire business by 2050.
Grid-Scale Storage Integration
A core product development is expanding energy storage to ensure reliability as cleaner sources come online. Dominion Energy, Inc. (D) has a specific target to integrate 4,500 MW of new battery storage capacity into the existing grid by 2039. This is part of the 2024 Integrated Resource Plan (IRP) filed with regulators.
Here's a look at the planned clean capacity additions by 2039:
| Product/Technology | Planned New Capacity by 2039 | Current/In Development Capacity |
| New Solar Capacity | ~12 GW | 4.75 GW in operation or under development in Virginia |
| New Battery Storage (BESS) | ~4,500 MW | Pilot projects included 16 MW of output from a 12-megawatt battery pilot project at the Scott Solar facility |
| New Offshore Wind | ~3.4 GW | 2.6 GW already in development |
The planned 12 GW of new solar represents over a 150% increase to the 4,750 MW the company currently has in operation or under development.
Advanced Customer Energy Management Tools
Dominion Energy, Inc. (D) is also developing customer-facing products aimed at efficiency and managing new load growth, such as electric vehicle adoption. While a specific platform named HomeBoost isn't detailed with 2025 financial data, the company is actively managing new demand drivers. For instance, expert testimony noted that Dominion Energy's EV Smart Charging Infrastructure Pilot Program needed recalculation because EV adoption was likely to be double the utility's prediction by 2030.
The focus on customer-facing solutions includes:
- Developing Demand-Side Management (DSM) programs to help customers lower bills.
- Managing the rapid growth from data centers, which contracted 88% more power capacity, or 19 GW, in December 2024 compared to July 2024.
- Anticipating adding a further 15 new data centers in 2025.
It's about providing tools to manage the accelerating demand.
Utility-Scale Solar Deployment
The commitment to solar is substantial, targeting 12 GW of new utility-scale solar capacity by 2039. This is a key component of meeting the forecasted power demand in the delivery zone, which is expected to double by 2039.
The company has already proposed over 1,000 MW of new solar projects in Virginia in a separate October 2024 filing. If approved, this would push its solar fleet in operation or under development in Virginia past 5,750 MW, enough to power more than 1.4 million homes at peak output. This push aligns with the Virginia Clean Economy Act mandate to generate power from only renewable sources by 2045.
Small Modular Reactor (SMR) Technology Exploration
For future, reliable, carbon-free power generation, Dominion Energy, Inc. (D) is piloting Small Modular Reactor (SMR) technology. Dominion Energy Virginia and Amazon entered a Memorandum of Understanding (MOU) to explore advancing SMR development and financing structures. The plan is to deploy SMRs starting in the mid-2030s.
Key details on this product exploration include:
- The MOU specifically explores an SMR of up to 300 MW at the utility's North Anna nuclear plant site in central Virginia.
- Amazon's involvement includes exploring innovative commercial and financing structures to mitigate development risks.
- Amazon is also leading a $500 million financing round in SMR developer X-energy Reactor Company.
This is a clear move to develop a new, firm, carbon-free power product.
Premium Renewable Energy Offerings
To capture large commercial customers focused on Environmental, Social, and Governance (ESG) compliance, Dominion Energy, Inc. (D) is positioning its clean energy portfolio. While specific tariff rates or customer counts for a premium, 100% renewable offering aren't detailed, the company's overall strategy is geared toward this market. The company is one of the nation's leading developers of regulated offshore wind and solar power.
The overall generation strategy shows that nearly 80% of the incremental power generation over the next 15 years is planned to be carbon-free, with the remaining 20% coming from natural gas to act as reliable backup. This massive clean energy build-out directly supports the needs of large customers seeking to reduce their Scope 1 and 2 emissions, as Dominion Energy itself is working toward Net Zero for Scopes 1 and 2 by 2050.
Dominion Energy, Inc. (D) - Ansoff Matrix: Diversification
You're looking at how Dominion Energy, Inc. (D) is moving beyond its core regulated utility business into new markets and technologies, which is the essence of diversification in the Ansoff Matrix. This isn't just about adding solar farms; it's about building entirely new value chains, like hydrogen and advanced storage. Honestly, the scale of the capital commitment signals this is a serious, long-term pivot, not just a pilot program.
Dominion Energy, Inc. (D) has a planned capital expenditure of $12.1 billion just for 2025, part of a nearly $50.1 billion infrastructure investment plan through 2029. The company's Zacks Consensus Estimate for 2025 revenues sits at $15.56 billion. This financial muscle supports these aggressive diversification moves.
Commercialize Green Hydrogen Production for Transportation
You see this strategy clearly in the partnership involving the Stark Area Regional Transit Authority (SARTA) and Enbridge, tied into the Appalachian Regional Clean Hydrogen Hub (ARCH2). The goal here is to shift SARTA's transit fleet from importing 'gray' hydrogen (made from natural gas without carbon capture) to using locally produced, solar-powered green hydrogen.
- SARTA currently pays roughly $6 to $10 a kilogram for hydrogen fuel.
- SARTA operates 22 hydrogen fuel-cell buses.
- The ARCH2 hub received up to $925 million in federal funding.
This move directly targets the transportation sector with a cleaner fuel source, aiming to replace hydrogen that currently emits about 11 tons of carbon dioxide per ton of hydrogen produced.
Enter the International Energy Trade Market
Dominion Energy, Inc. (D) is positioning itself to be a player in the transatlantic energy market through planned infrastructure. This involves exploring an offshore hydrogen pipeline connecting the UK and Germany via the North Sea, building on existing collaboration between National Gas (UK TSO) and Gascade (German TSO).
This proposed corridor is designed for serious capacity, which is a key indicator of market intent. Here's the quick math on the scale of this international play:
| Metric | Value/Capacity |
| Planned Bi-Directional Transport Capacity | Up to 20 GW |
| Pipeline Connection Type | Offshore, linking to Gascade's AquaDuctus pipeline |
| Status Goal | Pursue Project of Common Interest (PCI) designation |
What this estimate hides is the massive regulatory and construction risk involved in cross-border energy infrastructure, but the intent to enter international trade is clear.
Develop the Chesterfield Energy Reliability Center (CERC)
The Chesterfield Energy Reliability Center (CERC) is a major step into utility-scale power generation designed to be an 'always ready' resource, which is diversification within the core generation business, but with a future-proofed fuel source. The facility is proposed to house four simple-cycle turbines, each capable of generating up to 250 MW, for a total output of up to 1,000 MW.
The financial commitment for CERC alone is substantial, with an expected cost of $1.47 billion. If approved, the project is slated to begin construction in 2026 and start operations in 2029. This 1,000 MW capacity is enough energy to power up to 250,000 homes. The turbines are designed to run on natural gas or fuel oil now, but they have the capability to blend hydrogen when those markets develop.
Invest in Long-Duration Energy Storage (LDES)
You know lithium-ion batteries only give you a four-to-six-hour window to store energy. Dominion Energy, Inc. (D) is actively looking beyond that with non-lithium-ion solutions to better integrate its growing renewables portfolio, which includes the $10.7 billion Coastal Virginia Offshore Wind project.
- LDES pilot tests include iron-air batteries capable of up to 100 hours of discharge.
- The Integrated Resource Plan (IRP) calls for 4.5 GW of battery storage by 2040.
- The utility is seeking approval for 11 solar and battery projects totaling $2.9 billion.
- One specific pilot project testing zinc-hybrid and iron-air batteries was estimated to cost about $70.6 million.
The utility is definitely moving toward multi-day storage, which is critical for reliability as renewable penetration increases. Finance: draft 13-week cash view by Friday.
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