Investments
7Portfolio Exits
5Partners & Customers
10About Dominion Energy
Dominion Energy (NYSE:D) is a producer and transporter of energy. The company provides electric generation, natural gas transmission, natural gas distribution, electric transmission, and electric distribution. It was founded in 1983 and is based in Richmond, Virginia.
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Latest Dominion Energy News
Apr 16, 2024
Apr 16, 2024 © DJ / Adobe Stock The U.S. Environmental Protection Agency (EPA) has issued the final air quality permit for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project located off the coast of Virginia Beach in the United States. Issued on April 9 following a 30-day public comment period, the permit authorizes the construction and operation of the largest offshore wind project in the U.S. and will feature up to 176 wind turbines located 26 to 38 nautical miles from the coast. The permit is the 11th and final federal permit required to begin offshore construction, which is set to begin in May 2024 with the installation of the monopiles for the project, according to Dominion Energy. Once complete, the approved project will generate roughly 2,640 MW of renewable energy, enough to power 660,000 homes, and make significant contributions toward the Biden-Harris administration's goal of generating 30 gigawatts of clean, abundant energy from offshore wind by 2030. “To have the largest offshore wind project right here in the Mid-Atlantic is both a privilege and a responsibility – and we take our role in enabling clean energy initiatives very seriously. “This project will generate enough renewable energy to power nearly five times as many homes as there are in Richmond – all done with the environment and communities front of mind,” said EPA Mid-Atlantic Regional Administrator Adam Ortiz. The permit includes requirements such as the prevention of significant deterioration (PSD) permitting program and applicable Virginia Department of Environmental Quality requirements that regulate air pollutants from the construction and operation of the wind farm, including those from the vessels used to construct and support the project. EPA coordinated its review of this permit in concert with other federal agencies, such as the Bureau of Ocean Energy Management (BOEM). As reported earlier, DEME’s Orion DP3 installation vessel is currently en route to United States to prepare for the installation of 176 monopiles as part of the CVOW project. The vessel is scheduled to arrive in Virginia’s Port of Norfolk in late April.
Dominion Energy Investments
7 Investments
Dominion Energy has made 7 investments. Their latest investment was in PathForward as part of their Grant on October 12, 2022.
Dominion Energy Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/12/2022 | Grant | PathForward | $0.01M | Yes | 1 | |
10/12/2022 | Grant | |||||
11/9/2020 | Grant - III | |||||
10/23/2019 | Corporate Minority - III | |||||
11/1/2018 | Corporate Minority |
Date | 10/12/2022 | 10/12/2022 | 11/9/2020 | 10/23/2019 | 11/1/2018 |
|---|---|---|---|---|---|
Round | Grant | Grant | Grant - III | Corporate Minority - III | Corporate Minority |
Company | PathForward | ||||
Amount | $0.01M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Dominion Energy Portfolio Exits
5 Portfolio Exits
Dominion Energy has 5 portfolio exits. Their latest portfolio exit was East Ohio Gas Company on September 05, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/5/2023 | Divestiture | ||||
Date | 9/5/2023 | ||||
|---|---|---|---|---|---|
Exit | Divestiture | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources |
Dominion Energy Acquisitions
8 Acquisitions
Dominion Energy acquired 8 companies. Their latest acquisition was Birdseye Renewable Energy on May 12, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
5/12/2021 | Acquired | 1 | ||||
4/9/2020 | ||||||
1/2/2019 | ||||||
1/2/2019 | ||||||
1/2/2019 |
Date | 5/12/2021 | 4/9/2020 | 1/2/2019 | 1/2/2019 | 1/2/2019 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 1 |
Dominion Energy Partners & Customers
10 Partners and customers
Dominion Energy has 10 strategic partners and customers. Dominion Energy recently partnered with Aecon Group on December 12, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
12/21/2023 | Vendor | Canada | TORONTO , Dec. 21 , 2023 / CNW / - Aecon Group Inc. announced today that it has been awarded a US$ 200 million contract by Dominion Energy for the replacement of Condensers and Feedwater Heaters at the North Anna Power Station in Mineral , Virginia . | 3 | |
11/16/2023 | Partner | United States | Dominion Energy partners with Virginia State University on cutting-edge battery storage project RICHMOND , Va. , Nov. 16 , 2023 / PRNewswire / -- Dominion Energy is partnering with Virginia State University to develop an innovative battery storage project that would provide backup power to the VSU . | 3 | |
9/19/2023 | Vendor | United States | Eos Energy shoots higher after Dominion chooses for battery storage pilot project Eos Energy Enterprises +13.3 % in Tuesday 's trading after it was selected by Dominion Energy to contribute 16 MWh of storage to a Virginia battery storage pilot project that could significantly increase the length of time batteries can discharge electricity to the grid . | 2 | |
7/18/2023 | Vendor | ||||
5/17/2023 | Vendor |
Date | 12/21/2023 | 11/16/2023 | 9/19/2023 | 7/18/2023 | 5/17/2023 |
|---|---|---|---|---|---|
Type | Vendor | Partner | Vendor | Vendor | Vendor |
Business Partner | |||||
Country | Canada | United States | United States | ||
News Snippet | TORONTO , Dec. 21 , 2023 / CNW / - Aecon Group Inc. announced today that it has been awarded a US$ 200 million contract by Dominion Energy for the replacement of Condensers and Feedwater Heaters at the North Anna Power Station in Mineral , Virginia . | Dominion Energy partners with Virginia State University on cutting-edge battery storage project RICHMOND , Va. , Nov. 16 , 2023 / PRNewswire / -- Dominion Energy is partnering with Virginia State University to develop an innovative battery storage project that would provide backup power to the VSU . | Eos Energy shoots higher after Dominion chooses for battery storage pilot project Eos Energy Enterprises +13.3 % in Tuesday 's trading after it was selected by Dominion Energy to contribute 16 MWh of storage to a Virginia battery storage pilot project that could significantly increase the length of time batteries can discharge electricity to the grid . | ||
Sources | 3 | 3 | 2 |
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