- Press Releases
September 17 (Renewables Now) - Dominion Energy Virginia, part of Dominion Energy (NYSE:D), has purchased a 20-MW/80-MWh battery storage project from developer East Point Energy for an undisclosed sum, the seller said on Thursday.
The Dry Bridge energy storage facility is planned to be installed in Virginia's Chesterfield County and will be the largest one of its kind in the state. It is due to become operational in 2022.
Apart from enhancing grid resilience and reliability, the battery will provide capacity, energy, and ancillary services into the PJM wholesale energy market. According to East Point Energy’s estimates, the facility will be able to provide power to around 5,000 homes at peak output.
The acquisition of Dry Bridge, the value of which remained under wraps, was made following a clean energy Request for Proposals (RfP) that Dominion issued in 2020. It supports the utility’s plan to install or procure 2.7 GW of energy storage capacity by 2035 and meet the Virginia renewable portfolio standard (RPS) under which it is required to cover 100% of its electricity sales in the state with clean energy by 2045.