Supporting Environmental Awareness and a Greener Future
Some of the organizations and businesses that received grants from the energy company included the North Carolina Aquarium Society, the Girl Scouts of Connecticut, the Audubon Society of Northern Virginia, and the South Carolina Wildlife Federation. The grants will be utilized in a variety of ways, from creating coral farms to funding research and informative programs about wetlands. Dominion was the lead sponsor of the construction of the Learning Barge, “the world's first floating wetland classroom and America's Greenest Vessel.”
Dominion’s energy company was founded in 1983 and now sports a market cap of $59.7 billion and a stock price of $73.64. Serving communities in 16 states throughout the country, the business claims to supply electrical and natural gas services to over 7 million customers.
Beyond funding organizations that seek to improve natural resources and educational opportunities regarding the environment, the energy company also strives to maintain a green platform and be an environmentally conscious business itself.
Dominion’s energy company claims to have the third-largest solar energy fleet in the US, powering 600,000 houses with green energy. By 2022, the business aspires to add an additional 750,000 homes to its solar grid. Furthermore, 85% of the energy generated by the company is derived from clean sources including not only solar but also wind and nuclear sources. The energy company is committed to reaching net-zero carbon emissions from its business by 2050.
Renewable technology, like that possessed by Dominion’s business, has drawn the interest of investors lately. Global investments in renewable energy technology reached $301.7 billion in 2019. According to market research, the global renewable energy market is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2018 to 2025, reaching $1.51 trillion by 2025.
Environmentally conscious energy company Dominion Energy donated $1.3 million in grants designed to assist organizations that encourage environmental stewardship and education. Over 100 organizations and groups received funding for projects ranging from the planting of native plants, to coral-growing farms and educational outreach programs. Dominion Energy seeks to maintain a green reputation and has committed to reaching net-zero carbon emissions by 2050 while expanding its existing renewable energy infrastructure.
About the Author
James White is a Michigan State University graduate with a B.S. in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.