{
}
UBS has raised its price target on Dominion Energy to $60 from $58 while maintaining a neutral rating. Dominion Energy, a major American energy company, generates 90.7% of its net sales from electricity, 3.1% from gas, and 6.2% from other energy products, including oil and coal.
The AI revolution is reshaping US capital markets, with utilities now leading the charge in subordinated securities sales, surpassing banks. In 2024, companies like Dominion Energy Inc. and CenterPoint Energy Inc. have raised nearly $18 billion, a ninefold increase from the previous year, to meet the soaring electricity demand from AI data centers.
The surge in power demand from data centers and artificial intelligence poses challenges for achieving low-carbon energy goals, according to Dominion Energy CEO Bob Blue. He noted that the current lack of adjustable zero-emissions generation options complicates efforts to retire fossil fuel units, highlighting a fundamental conflict between demand growth and carbon reduction.
Dominion Energy is collaborating with tech companies, including Amazon, to develop small modular nuclear reactors, following a recent agreement to explore this next-generation technology. The proposed reactor near North Anna nuclear station in Virginia aims to deliver 300 megawatts of carbon-free power, catering to the energy demands of data centers. Despite the promise of reduced costs and simpler deployment, small modular reactors have yet to achieve commercial operation in the U.S.
Dominion Energy Inc. is in talks with various technology firms to develop small modular nuclear reactors, following a recent agreement with Amazon.com Inc. CEO Bob Blue expressed optimism about the collaboration, highlighting the interest from major power users in advancing this carbon-free technology.
Dominion Energy, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs raises dominion energy price target to sixty dollars maintains neutral rating
14:18 21.03.2025
ai surge transforms utilities into leading capital market players
United States Dollar
Dominion Energy, Inc.
CenterPoint Energy, Inc.
USA
CenterPoint Energy Inc.
Dominion Energy Inc.
12:31 20.11.2024
power demand from ai challenges low carbon energy goals
20:40 13.11.2024
dominions energy partners with tech firms to develop small nuclear reactors
United States Dollar
Alphabet Inc.
Amazon.com, Inc.
Talen Energy Corporation
Constellation Energy Corporation
Google Inc.
Microsoft Corporation
Dominion Energy, Inc.
USA
Kairos Power
Robert Blue
Show more
19:45 01.11.2024
dominion energy explores partnerships for next generation small modular nuclear reactors
17:24 01.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Global Trade Developments
Supply Chain Management
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Private Equity Deals
Fintech Startups
Energy Sector Developments
AI Applications
Funding Rounds & Investments
Venture Capital Investments
AI Innovations
Emerging Startups
CEO Changes
Inflation and Monetary Impact
IPOs & SPACs
Countries:
Companies:
Apple Inc.
Google Inc.
Tesmec S.p.A.
Amazon.com, Inc.
Microsoft Corporation
Mastercard Inc
NVIDIA Corp
Tesla, Inc.
OpenAI ERC USD
The Goldman Sachs Group, Inc.
Visa Inc.
SWIGGY LIMITED
GLOE Inc.
Ripple USD USD
NAURA Technology Group Co., Ltd.
OLA ELECTRIC MOBILITY LTD
Microsoft Corp
Micron Technology, Inc.
Foxconn Technology Co., Ltd.
SAP SE
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
United Arab Emirates Dirham
Japanese Yen
British Pound Sterling
Saudi Riyal
New Zealand Dollar
Qatari Riyal
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Bangladeshi Taka
Kuwaiti Dinar
People: