Dominion Energy, Inc. - D STOCK NEWS

Dominion Energy Virginia is inviting proposals for solar, wind, and energy storage projects as part of its commitment to the Virginia Clean Economy Act (VCEA). This initiative aims to achieve net zero greenhouse gas emissions by 2050. The company is focusing on developing up to 1,000 megawatts of solar and wind energy, as well as 175 megawatts of small-scale solar projects. They emphasize environmental justice and community engagement in project development, with deadlines for submissions set for May 20, 2021. These projects could generate enough energy to power nearly 2 million homes.

Dominion Energy recognized six employees for their volunteer contributions during 2020, with a total donation of $30,000 from the Dominion Energy Charitable Foundation to each honoree's chosen charity. Noteworthy volunteers include Tara Brady, Armond Brown, and Jennifer Ford, among others. In 2020, Dominion employees dedicated 61,000 hours to charitable activities, adapting efforts to comply with COVID-19. The annual tribute ceremony will be virtual on April 21, 2021. Dominion Energy contributed over $58 million to community causes in 2020.

Dominion Energy is investing in hydrogen as part of its clean energy transformation, aiming for net zero greenhouse gas emissions. Hydrogen, produced with renewable sources, can replace natural gas while emitting fewer to zero emissions. The company is conducting pilot projects in Utah to blend hydrogen into its gas distribution systems. It is also a lead sponsor of the Low Carbon Resources Initiative, committing $100 million over five years to R&D in clean energy technologies. This innovation is expected to reshape the energy landscape over the next 5 to 10 years.

On April 8, 2021, Dominion Energy announced a significant 22-year, $47.9 million Utility Energy Service Contract (UESC) for Marine Corps Base Quantico. The project aims to enhance energy resiliency by installing new generators and refurbishing existing microturbines, which is expected to yield $1.6 million in annual energy savings through upgrades and improvements. The contract, awarded by NAVFAC Washington, is part of a broader initiative to improve energy infrastructure, with completion slated for February 28, 2023.

Dominion Energy (NYSE: D) will hold its first-quarter earnings call on May 4, 2021, at 10 a.m. ET. Management will present recent financial results and other significant topics for stakeholders. A live webcast will be accessible on the company's investor information pages. Domestic callers can join at 1-800-341-6228, while international participants should dial 1-334-777-6993 with a passcode of 46791738#. A recording of the call will also be available after the event.

Dominion Energy mourns the loss of former Chairman and CEO Thomas F. Farrell, II, who passed away at 66 after battling cancer. He led the company from 2007 to 2020, overseeing substantial growth, including a rise in operating earnings from $1.8 billion to $3 billion and a 175% increase in market capitalization. Under his leadership, Dominion became a leader in clean energy with the third-largest solar portfolio among U.S. utilities and achieved significant emission reductions. Farrell was also dedicated to community service, with Dominion employees contributing over 1.5 million volunteer hours.

Dominion Energy announced it is offering $1 million in grants of up to $25,000 each to nonprofit organizations across its service area to address critical community needs. This initiative, now in its sixth year, aims to assist with urgent needs such as housing, medical services, and food security. Eligible organizations in states including Virginia and North Carolina can apply until May 31, 2021. This program has previously supported over 200 nonprofits and highlights Dominion's ongoing commitment to community support amidst the pandemic.