Alternative Energy Research & Development
Dominion’s Alternative Energy Solutions (AES) group serves as the hub for all things related to green and emerging energy technology research and development.
AES consists of three departments:
- Research & Program Development conducts technology research in renewable energy, conservation and load management to support the company’s operating segments and act as an in-house information resource
- Policy & Business Evaluation assesses potential investment opportunities and partnerships in the alternative energy space, as well as the legal and regulatory implications for Dominion
- Financial Analysis models different investment options, analyzes federal and state incentives and subsidies and looks at customer economics and engineering issues.
- Technologies Under Review
Examples of alternative energy technologies under review by AES include:
- Offshore wind
- Solar photovoltaic
- Distributed generation
- Compressed air energy storage
- Flywheel storage
- Geothermal power
- Solid oxide fuel cells
- Smart microgrid
- Plug-in hybrid electric vehicles
- AES Investments
In 2010, AES identified two investment opportunities for Dominion in the alternative energy sector:
- Power Tagging Technologies, Inc., a Colorado-based developer of energy information and customer service technology for use through the emerging smart grid
GreenTech Incubator, a Dominion-sponsored facility in Central Virginia that assists new green energy entrepreneurs with research, financial services and planning
Two of the incubator’s current tenants are developing technologies to lower fuel use and emissions in the trucking industry and manufacturing solar panels for big business.
Related Links
- Virginia Business article featuring Mary Doswell, Senior Vice President, Alternative Energy Solutions
- Dominion Resources GreenTech Incubator
- Power Tagging
Copyright © 2011 Dominion
