More Stories
Wind at their backs
Region closes in on becoming offshore wind hub
Published
Hampton Roads is on the cusp of becoming a supply chain hub for the thousands of components used to construct the massive turbines that will propel offshore wind farms being developed off the East Coast. American offshore wind projects currently rely on a European supply chain for turbine components, but shipping the enormous turbines, blades
VW named to Time magazine’s 100 Most Influential Companies list
Company's progress on electric vehicles lauded
Published
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles. The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and
Advertisement
Dominion no longer pursuing second Richmond office tower
Utility cites gas business sale, working from home as reasons
Published
Dominion Energy Inc. no longer plans to pursue a second office tower in downtown Richmond. Last week, the Richmond-based utility notified the city that it no longer plans to pursue construction of 700 Canal Place, a proposed 17-floor office tower that would complement 600 Canal Place, a 960,000-square-foot, 20-floor office tower that opened in 2019.
Lynchburg’s BWXT wins $690M contract extension
Department of Energy contract focused on cleanup of Ohio uranium enrichment plant
Published
The U.S. Department of Energy has awarded a contract extension to Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) worth up to $690 million, the company announced today. BWXT has worked with Irving, Texas-based engineering and construction firm Fluor Corp. on the project, an effort to decontaminate and decommission the former Portsmouth Gaseous
Dominion’s Tom Farrell dies one day after retiring
Richmond-based Fortune 500 utility’s longtime leader was battling cancer
Published
Thomas F. Farrell II, the longtime chairman, president and CEO of Dominion Energy Inc., died Friday, one day after retiring as the Richmond-based Fortune 500 utility’s executive chair and top leader. Farrell, 66, was battling cancer, according to an announcement from Dominion. “Tom was a peerless mentor and outstanding leader who sought to find innovative
Va., Md., Del. electric coops association leader retires
Richard Johnstone worked for association for 36 years
Published
Richard G. Johnstone Jr. handed over the reins of the Virginia, Maryland & Delaware Association of Electric Cooperatives this week, retiring after 36 years. Johnstone served as president and CEO of the 76-year-old, Glen-Allen based organization, which represents 15 member-owned electric cooperatives. His replacement, Brian S. Mosier, was announced in January and took over April
Tom Farrell retiring from Dominion Energy
Farrell has led Fortune 500 utility since 2006
Published
After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directors; he will remain on for two months
Dominion Energy’s Tom Farrell to retire from Altria board
Farrell had served as Altria's board chairman since April 2020
Published
Dominion Energy Inc. Executive Chair Thomas F. Farrell II is retiring from Altria Group Inc.’s board of directors, which he has chaired since April 2020. Farrell has served on the Henrico County-based tobacco product manufacturer’s board of directors since 2008. He will retire from the Altria board when his term ends in May. Altria’s board
BWXT subsidiary chosen to develop microreactor design for DOD
Lynchburg company in running for prototype contract in 2022
Published
Lynchburg-based BWXT Advanced Technologies LLC is one of two companies chosen to develop a final prototype design for a transportable advanced nuclear microreactor, the U.S. Department of Defense announced Monday. Along with Maryland’s X-energy LLC, BWXT was selected from a preliminary design competition and will continue developing its design under a Strategic Capabilities Office (SCO)
Elizabeth River Project receives $2.1M naming gift
Pru and Louis Ryan’s donation largest in organization’s history
Published
The nonprofit Elizabeth River Project announced Thursday that it has received a major naming gift of $2.1 million from Norfolk’s Pru and Louis Ryan. The gift, the largest in the organization’s history, will attach the Ryans’ names to the Elizabeth River Project’s Resilience Lab that will be built along the Elizabeth River at 4610 Colley