Robert Blue on energy storage
From $D Dominion Energy Q1 2026 Earnings Conference Call · · EARNMOAR
“We're monitoring catalysts that could enhance and or extend our long-term growth rate. We continue to see incremental opportunities to deploy regulated capital on behalf of customers, most recently supported by legislation in Virginia to expand gridscale energy storage targets. House Bill 895 and Senate Bill 448, which are now signed into law, require that we petition for 20 gawatts of short and long-term storage projects by 2045, a significant increase from the current requirement of 3 gawatts by 2035.”
On , Robert Blue, President, Chief Executive Officer & Chairman of the Board at Dominion Energy, Inc, spoke about energy storage during $D Dominion Energy Q1 2026 Earnings Conference Call on EARNMOAR.
About Robert Blue
During Dominion Energy’s first quarter 2026 earnings call on May 1, 2026, Robert Blue discussed the company’s continued strong demand for new data centers in Virginia, stating that interest had not waned in recent months and that commitments had been added at all stages of contracting since December. He noted incremental opportunities to deploy regulated capital, supported by recently signed Virginia legislation requiring the company to petition for 20 gigawatts of grid-scale energy storage projects by 2045, up from the current 3 gigawatts by 2035. Blue also addressed the Millstone nuclear facility, expressing satisfaction with Governor Lamont’s comments on the value of the existing power purchase agreement and indicating the company would evaluate options for recontracting. Blue provided updates on the Coastal Virginia Offshore Wind project, estimating that each additional quarter of turbine installation beyond July 2027 would add between $150 million and $200 million to project costs, with a portion allocated to the financing partner. He reiterated the company’s guiding principles for any project structure: addressing first-of-a-kind risk, managing cost overrun risk to protect customers and shareholders, and safeguarding the balance sheet and business risk profile.