Log in
Log in
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     


Real-time Estimate Cboe BZX  -  11:59:59 2023-03-28 am EDT
54.99 USD   +1.59%
03/24Dominion Energy : 2022 Summary Annual Report
03/21Morgan Stanley Adjusts Dominion Energy Price Target to $58 From $63, Maintains Equal Weight Rating
03/20Dominion Energy Achieves Unique Honor
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DOE - Louisville Gas and Electric/Kentucky Utilities

01/20/2023 | 09:45am EDT

U.S. Department of Energy encourages Southeast Hydrogen Hub to submit full application for federal funding

Decision signals DOE's interest in coalition's proposal to develop a hydrogen energy ecosystem in the Southeast

WASHINGTON, D.C. - The Southeast Hydrogen Hub coalition today announced it is among the limited number of organizations encouraged by the U.S. Department of Energy (DOE) to submit a full application in response to the $8 billion in funding for regional clean hydrogen hubs under the Infrastructure Investment and Jobs Act.

The coalition, which includes major utility companies Dominion Energy, Duke Energy, Louisville Gas and Electric Company and Kentucky Utilities Company, Southern Company and the Tennessee Valley Authority, as well as Battelle, is working to organize the potential hub and secure funding. After submitting an initial concept paper in November, the coalition received the DOE notification of encouragement on December 27, 2022. Of the 79 concept papers the DOE received, 33 were encouraged to advance to the application stage. Formal proposals are due to the DOE in April 2023, with decisions expected in the fall.

A hydrogen hub in the Southeastern U.S. is expected to bring robust economic development benefits and jobs to the region. Hydrogen is attractive as an energy resource because it has immediate potential to accelerate decarbonization in the Southeast and across all sectors of the U.S. economy - including transportation, which generates the largest share of greenhouse gas (GHG) emissions in the country.

The coalition's concept paper described how the Southeast Hydrogen Hub will build on existing infrastructure utilizing technologies to advance the production, storage, transport and delivery of hydrogen to transition the energy economy toward a decarbonized future.

The coalition's vision is to develop scalable, integrated projects at key locations across the entire Southeast in support of carbon-reduction goals and to encourage the broad-based development of a regional energy ecosystem that will allow members to deploy hydrogen as a decarbonization solution for customers and communities.

Other members of the Southeast Hydrogen Hub coalition will come from a growing list of industries in the region and the states of Alabama, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, as well as other Southeastern states that are interested in exploring and implementing hydrogen as an energy source. The coalition expects its membership to grow as news of the opportunity spreads and as interest in hydrogen intensifies.

About Dominion Energy

About 7 million customers in 15 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to safely providing reliable, affordable and sustainable energy and to achieving net-zero emissions by 2050. Please visit DominionEnergy.com to learn more.

About Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2022 'World's Most Admired Companies' list and Forbes' 'America's Best Employers' list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

About LG&E and KU

Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 333,000 natural gas and 429,000 electric customers in Louisville and 16 surrounding counties. KU serves 566,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.

About Southern Company

Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune's 'World's Most Admired Companies' list, Forbes and the Women's Choice Award. To learn more, visit www.southerncompany.com.

About TVA

The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio, since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.


LG&E and KU Media

T: 502-627-4999

(C) 2023 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DOMINION ENERGY, INC. 1.49% 54.91 Delayed Quote.-11.73%
DUKE ENERGY CORPORATION 1.05% 95.68 Delayed Quote.-8.37%
PPL CORPORATION 1.47% 27.32 Delayed Quote.-8.35%
SOUTHERN COMPANY 0.90% 68.84 Delayed Quote.-3.95%
All news about DOMINION ENERGY, INC.
03/24Dominion Energy : 2022 Summary Annual Report
03/21Morgan Stanley Adjusts Dominion Energy Price Target to $58 From $63, Maintains Equal We..
03/20Dominion Energy Achieves Unique Honor
03/15Dominion Energy Partners with Pinnacle Consulting, LLC, to Digitize 600,000 NC Gas Serv..
03/14Dominion Energy Solicits Proxies from Shareholders
03/13Troutman Pepper and Dominion Energy Pro Bono Team Turn to Nation's Highest Court as Fig..
03/13Dominion Energy Receives Shareholder Proposal from John Chevedden
03/08GAIL India issues swap tender for LNG cargo -sources
03/07UBS Adjusts Dominion Energy Price Target to $57 From $60, Maintains Neutral Rating
03/06UBS Adjusts Dominion Energy's Price Target to $60 From $63, Maintains Neutral Rating
More news
Analyst Recommendations on DOMINION ENERGY, INC.
More recommendations
Financials (USD)
Sales 2023 17 203 M - -
Net income 2023 3 369 M - -
Net Debt 2023 45 160 M - -
P/E ratio 2023 13,7x
Yield 2023 4,96%
Capitalization 45 212 M 45 212 M -
EV / Sales 2023 5,25x
EV / Sales 2024 5,38x
Nbr of Employees 17 200
Free-Float 99,6%
Duration : Period :
Dominion Energy, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DOMINION ENERGY, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 16
Last Close Price 54,13 $
Average target price 61,42 $
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Robert M. Blue Chairman, President & Chief Executive Officer
Steven D. Ridge Chief Financial Officer & Senior Vice President
Steve C. Wooten Chief Information Officer & Senior Vice President
Diane Leopold Senior Vice President
Keith Windle Senior Vice President-Administrative Services
Sector and Competitors
1st jan.Capi. (M$)
DOMINION ENERGY, INC.-11.73%45 212
NEXTERA ENERGY-9.76%149 937
IBERDROLA, S.A.2.33%76 954
ENEL S.P.A.8.63%59 852
MarketScreener: Created by Investors for Investors!
100% Free Registration