Tag: Dominion Energy

Study: AI and Data Centers Could Drive Cost of Energy Up by 70 Percent over 10 Years

The Center Square

The average American’s energy bill could increase from 25% to 70% in the next 10 years without intervention from policymakers, according to a new study from Washington, D.C.-based think tank the Jack Kemp Foundation.

According to reports, America is facing an energy crisis, with demand for energy soaring due to the proliferation of AI and hyperscale data centers, which can use as much energy as almost 40,000 homes;  the boom in advanced manufacturing, and the movement toward electrification.

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Administrations Lay Plans to One-Up America’s Largest Offshore Wind Farm

The Center Square
Offshore Wind Farm

Installation of the country’s largest offshore wind farm began in earnest just two months ago off the coast of Virginia, and the Biden administration announced Friday it will be auctioninganother even bigger wind energy lease sale off the coast of the commonwealth. 

Dominion Energy leased the approximately 113,000 acres that would become the site of the Coastal Virginia Offshore Wind project in 2013. After installing two pilot turbines in 2020, the utility began the installation of the rest of its 176 turbines in May.

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