Communities & People
Economic Development
Virginia and the Carolinas rank among the top states in which to do business, in part because of affordable utility costs.
In addition, Dominion Energy’s team of economic-development experts assists with site selection, infrastructure design, and establishing critical business relationships to help companies expand, relocate, and bring their businesses to our service territory. The company has been named a Top Utility for Economic Development by Business Facilities magazine seven years running.
In 2023, our Virginia utility’s strong focus on economic development helped secure wins in advanced manufacturing, distribution, food and beverage, health care, and entertainment. The resulting ventures will bring $2.6 billion in new capital investment and over 2,200 new jobs to communities across Dominion Energy's service area. In addition, we connected 15 data centers representing an ultimate capacity of 933 MW.
Powering the Future of Transportation
For its new, $2-billion vehicle manufacturing facility in Blythewood, South Carolina, Scout Motors needed reliable, affordable energy. Dominion Energy was one of two utilities able to serve the 1,100-acre site, where the Volkswagen subsidiary plans to employ thousands of workers and produce 200,000 electric SUVs and trucks per year. Impressed by our company’s robust infrastructure and competitive rates, Scout selected Dominion Energy as its power provider.
Rural Broadband
High-speed internet is a necessity but providing it to rural communities is often not cost-effective for internet service providers (ISPs). As we upgrade our grid, we can use excess fiber-optic capacity to provide the crucial “middle mile” to help ISPs reach unserved homes and businesses. DEV has partnerships with more than 30 counties and numerous ISPs across Virginia. The SCC approved Phase III of our Grid Transformation Plan in September 2023. Additionally, the company filed its third Rural Broadband petition in October 2023, which included nearly 1,900 miles across 19 counties. DESC is also engaged with telecommunications companies across South Carolina to accommodate requests for make-ready construction and electric service related to broadband deployment.
Upgrading our grid will help internet service providers reach unserved homes and businesses.