Dominion Energy, Virginia’s biggest utility company, has reported that its total data center power capacity under contract has almost doubled compared to July 2024. In its Q4 earnings call, the utility said it has approximately 40GW in various stages of contracting as of December 2024. This compares to 21GW in July 2024, an 88 percent increase.

Dominion Energy raised its five-year capital expenditure plan on Wednesday as the utility firm sought to cash in on the potential growth in power demand from a rise in data centers across the U.S. The Richmond,

The biggest utility in Virginia, home to the global hotspot Data Center Alley, saw demand from data centers in development almost double in the last half of 2024.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts,