Dominion Energy is at the forefront of the clean-energy transition.
We are investing heavily in renewables such as solar and wind, along with low- and no-carbon energy sources, and accelerating our innovation efforts to advance our vision of being the most sustainable energy company in America.
Dominion Energy is working to get as clean as we can, as fast as we can, while maintaining reliability and affordability.
In 2005, coal made up 52% of our electricity production. Within 10 years, we cut our coal generation by half, and in 2020, coal accounted for just 10% of our electricity production. We expect that by 2035, coal will contribute less than 1% to our generation mix.
Climate Change Strategy
Global warming presents one of the greatest and most complex challenges of our time. Keeping the average global temperature increase below 1.5 degrees Celsius compared to pre-industrial levels — which is needed to avoid the worst effects of climate change — requires a concerted international effort that encompasses the whole of the economy. That includes the U.S. energy sector, which accounts for 25% of U.S. carbon-equivalent emissions (CO2e) — second only to the transportation sector at 29%. And while the energy sector can take credit for more than nine-tenths of economywide CO2e reductions since 2005, Dominion Energy recognizes that we can, and should, do more to reduce our own emissions, and to help our customers, suppliers, and other economic sectors cut their emissions, too.
Strategy: Net Zero by 2050
In 2020, Dominion Energy announced a new emissions reduction target: net zero carbon and methane emissions by
2050 across our business, for both gas and electricity. Our approach to reaching this goal is simple: We will
continue to execute our current sustainability strategies, including the transformation of our power generation
business and dramatic emissions reductions in our gas business, increasing our momentum as we go.
Through 2020, we have cut carbon emissions by approximately 43% from our electric generation business (since 2005) and methane emissions 32% from our natural gas business (since 2010). As we move toward net zero, we expect to hit intermediate targets for methane: a 65% reduction by 2030 and an 80% reduction by 2040 from our natural gas business, as well as a 55% reduction in carbon by 2030 from our electric generation business. We are on track to achieve these results. Further, the company has committed to invest in carbon-beneficial renewable natural gas (RNG) projects that will capture an amount of methane from U.S. farms at least equivalent to any remaining methane and carbon dioxide emissions from the company’s natural gas operations, making Dominion Energy’s gas infrastructure business net zero 10 years before the overall company.
In July 2021, we published a new, TCFD-aligned Climate Report, which examines the risks and opportunities presented by global warming and details potential roadmaps to our net zero destination.
In 2020, Virginia enacted the Virginia Clean Economy Act (VCEA). The law lays the public-policy
groundwork for a massive expansion of renewables — for Dominion Energy, roughly 24,000 megawatts
of solar, wind, and storage by 2035 — and requires Dominion Energy Virginia to be 100% carbon-free in
Virginia by the end of 2045.
Dominion Energy Virginia submitted its 2021 Integrated Resource Plan (IRP) Update on September 1, 2021. To meet the VCEA and reduce carbon substantially by the end of 2035, the IRP Update calls for approximately:
- 14,300 megawatts of solar;
- 5,200 megawatts of offshore wind; and
- 2,700 megawatts of energy storage
as well as significant increases in energy efficiency to meet the VCEA’s targets.
Progress to Date
in carbon emissions from our electric generation business since 2005
in methane emissions from our natural gas business since 2010
By the end of 2020, Dominion Energy
of solar generating capacity, enough to serve 550,000 homes at peak production
of land secured to support solar generation
of solar generating capacity under development
of offshore wind generating capacity off the coast of Virginia
Our company is proud to have joined forces with others in pursuing a clean-energy future. For example:
- Through our work with Smithfield Foods and Vanguard Renewables, we are capturing methane from swine and dairy operations and converting it into renewable natural gas.
- Through the CEO Climate Dialogue, a partnership of businesses and environmental nonprofits, we advocate for a market-based, federal approach to climate change.
- Through the Low-Carbon Resource Initiative, we are striving to accelerate development of low- and zero-carbon energy technologies such as hydrogen.
- Through the Electric Highway Coalition, we are creating a charging network for electric vehicles connecting major highway systems from the Atlantic Coast, through the Midwest and South, and into the Gulf and Central Plains regions.
- Through cooperation agreements with several local governments in Utah, we are striving to reduce air pollution and greenhouse gases by using renewable natural gas (RNG) and innovation.
- Through participation in NextGenGas Coalition, we are supporting certification and procurement of responsibly-sourced natural gas.
- Through collaboration with Connecticut Green Bank and other partners, we registered the first validated multi-partner EV-charging carbon offset credit project.
The transition to a clean-energy economy will impose burdens, and those hardships should not be borne
disproportionately by any one group, least of all the most vulnerable. The Just Transition is a framework
that seeks to provide an equitable transition for workers and communities as we pivot from an extractive,
carbon-intensive economy to a more sustainable future. According to the Just Transition Alliance (a coalition
of environmental organizations and labor unions) the principle of just transition is that a healthy economy and
a clean environment can and should co-exist. The process for achieving this vision should not cost workers or
community residents their health, environment, long-term employment prospects, or economic assets and should
involve those on the front line of infrastructure development in the crafting of policy solutions.
Dominion Energy’s core value of ethics impels us to consider questions of equity, and a low-carbon development strategy must take into consideration the needs of our entire workforce. It is important that each colleague has the opportunity, means, and training to obtain energy jobs of the future as we retire some of our generation facilities as part of our clean energy transition. Historically, the company provided displaced colleagues who supported retiring fossil-fuel generation consideration for other internal jobs for which they were qualified. We fully intend to continue to treat such displaced employees equitably.
Dominion Energy belongs to multiple organizations focused on training or retraining workers for the clean-energy future, including the Virginia Workforce Consortium, the Solar Hands-on Instructional Network of Excellence, the Center for Energy Education, and the Center for Energy Workforce Development. In addition, development of our Coastal Virginia Offshore Wind commercial project is expected to create many hundreds of jobs, both direct and indirect. To ensure that the opportunities of the clean-energy transformation are spread as widely as possible, Dominion Energy maintains partnerships with community and technical colleges to train workers in renewable-energy occupations. The company also provides philanthropic support to coalfield communities. Finally, while we are committed to making the energy system as clean as we can, as fast as we can, we recognize the imperative not to sacrifice affordability for the sake of speed. The energy transition will not be just if the cost of energy does not remain affordable.