Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Virginia Energy Awards $2 million to Richlands for project to lower energy costs
    Commodities

    Virginia Energy Awards $2 million to Richlands for project to lower energy costs

    August 15, 20242 Mins Read


    BIG STONE GAP, Va. (WVVA) – The town of Richlands is set to receive $2 million in order to construct a natural gas-fired turbine and generator.

    According to Virginia Energy, the micro powerplant will generate five megawatts of electricity, enough to supply the town’s 2,500 customers.

    When the turbine and generator are installed, the natural gas will interconnect with nearby pipeline infrastructure for convenient access to gas supply resulting in lower costs.

    Richlands has provided electricity from utility companies to its businesses and citizens since 1922 and applied for the funding after suffering from recent rate increases.

    The funding is from the Virginia Department of Energy’s (Virginia Energy) Abandoned Mine Land Economic Revitalization (AMLER) grant. AMLER is a federally funded program and is administered by Virginia Energy.

    “This project makes energy more affordable by saving the average town resident $1,500 each year,” said Governor Glenn Youngkin. “It’s an innovative approach for this unique town utility and turns a negative into a positive by transforming land that was historically mined for coal.”

    The AMLER Advisory Committee chose the project to fund at their August 12 meeting.

    “I am pleased to support opportunities like this in my district and am glad the AMLER Advisory Committee shared the vision when approving this project,” said Virginia Senator Travis Hackworth. “The town’s project shows their commitment toward ensuring reliable and affordable energy to its businesses and citizens.”

    “With rates expected to increase within the next five years, we knew we had to do something for our citizens and businesses,” said Richlands Town Manager Jason May. “We saw an opportunity in the AMLER funding to help us make our vision a reality and we are grateful for this resource that will help us keep energy affordable in our town.”

    Copyright 2024 WVVA. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The energy to power a rapidly electrifying economy – The Irish Times

    Commodities

    The Commodities Feed: Speculators go short European natural gas | articles

    Commodities

    UK budget 2025: Key climate and energy announcements

    Commodities

    Friends discover Viking treasure hidden for 1,000 years

    Commodities

    Metal Energy Completes Phase 1 Requirements for NIV Property Option Agreement

    Commodities

    Energy system operator warns of UK gas shortage risk in 2030s

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Agriculture et Biodiversité, un verger à sauver et des milieux naturels aux rôles essentiels

    Commodities

    How much will heating costs rise and what help is available?

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana updates; check prices, trading activity, m-cap

    Editors Picks

    Stock market today: Dow, S&P 500, Nasdaq slipped as Wall Street braced for Nvidia's earnings – Yahoo Finance

    May 28, 2025

    Global Food Week 2025 Culminates with Landmark Agreements, Agricultural Excellence in Abu Dhabi

    October 23, 2025

    Sebastian Bach, heavy metal singer, flips off fan who wanted hug: ‘Get her the (expletive) outta here’

    September 8, 2025

    Kerala High Court Issues Notice On VHP’s Plea Seeking CBI Probe Into Sabarimala Gold Loss, Auditing Of Precious Articles In Other Temples

    October 14, 2025
    What's Hot

    Your Forgotten 401(k) Could Cost You A Small Fortune In Retirement

    September 18, 2025

    Trump says US has secured $17T in new investments. The number is likely much less.

    October 6, 2025

    MAC Copper obtient de nouvelles facilités de crédit -Le 13 mars 2025 à 09:58

    March 13, 2025
    Our Picks

    In a haze of substance use and record label conflicts, Korn made the defining anthem of nu metal’s heyday

    October 16, 2025

    1 Top Cryptocurrency to Buy Before It Soars 194%, According to the Co-Founder of Ethereum and Cardano

    April 20, 2025

    I’m a property expert – 10 major mistakes that will put off a buyer and how to fix them

    July 11, 2025
    Weekly Top

    ECB pitches digital euro as strategic break from US payments grip

    November 26, 2025

    Opinion – the regions that are hotspots for property investors in 2026

    November 26, 2025

    UK budget 2025: Key climate and energy announcements

    November 26, 2025
    Editor's Pick

    Food access is about equitable agrifood systems

    October 15, 2024

    France summons cryptocurrency businesses after kidnappings

    May 14, 2025

    Top Cloud Mining Platforms in 2025: Why BTC Miner Stands Out as the #1 Passive Cryptocurrency Income Platform

    September 9, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.