Demand for electricity from datacenters in Virginia surged dramatically in the latter half of 2024, with Dominion Energy reporting an 88% increase in contracting capacity from July to December alone. The state now houses the largest number of datacenters globally, essential for supporting growing AI technology. Dominion's CEO anticipates continued growth, highlighting projects like a new high-voltage transmission line and the Coastal Virginia Offshore Wind project, which aims to provide substantial clean energy as datacenter needs escalate.
We now have approximately 40 gigawatts in various stages of contracting as of December 2024, which compares to around 21 gigawatts as of July 2024, an increase of 19 gigawatts or 88 percent.
What's undeniable is that datacenter growth in Virginia is not slowing down. In fact, it's accelerating.
Dominion has also received SEC approval for a second high-voltage transmission line over the same capacity, which Blue expects to come online by the end of 2027.
The Coastal Virginia Offshore Wind project, which will eventually supply 2.6 gigawatts of power, is now 50 percent complete.
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