Dominion Energy Touts Far-Ranging Investments in Decarbonization, T&D

May 6, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) continued to flesh out its $37 billion, five-year growth plan following its announced results for the first quarter, with an aggressive focus on decarbonization and power-grid enhancement. The company also pointed to as much as $73 billion of capital spending through 2035, with many of the same priorities.

Unit additions account for the highest amount of investment of any project type from Dominion. The company plans to spend up to $21 billion on solar projects through 2035, as part of a $73 billion plan toward emissions reduction over that timeframe. Dominion could spend another $21 billion on windfarm development in the same period.

Industrial Info is tracking more than $16 billion worth of active projects from Dominion, more than 70% of which is attributed to renewable-energy developments.