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

    Type One Energy initiates licensing of fusion power plant

    Commodities

    2 Nuclear Energy Stocks for Explosive Growth

    Commodities

    Liberia Moves to Build Agricultural Commodity Traceability System

    Commodities

    Metal Gear Solid series soars past 62.5m copies sold following release of Metal Gear Delta: Snake Eater

    Commodities

    ‘Full’ British Gas hack to lower your energy bills

    Commodities

    India Energy Week 2026 In Goa: Participation From Over 120 Nations Positions India as Bridge Between Developing and Developed Economies

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    A Grounded Approach At Global Fintech Fest On Day 1

    Cryptocurrency

    Bit Digital Raises $150M to Shift from Bitcoin Mining

    Commodities

    Au cœur du tiers-lieu ZAÏ, la métallurgie rallume l’espoir et les projets collectifs dans ce village de l’Ariège

    Editors Picks

    Quatre jours de métal sous un soleil… de plomb au Graspop Metal Meeting

    June 22, 2025

    Cherish bonds of love and friendship this summer, says Kate

    August 13, 2025

    Can’t get on the property ladder? Experts say snap up a garage or parking space for 10% return

    April 1, 2025

    Commercialisation du fond Eiffel High Yield Low Carbon

    July 1, 2025
    What's Hot

    3 Top Dividend Stocks to Maximize Your Retirement Income – Yahoo Finance

    March 24, 2025

    Carl Erik Rinsch: Hollywood director charged after stealing $17m from Netflix and blowing it on cryptocurrency, cars

    March 18, 2025

    Halifax UK housing market review and outlook for 2026

    December 15, 2025
    Our Picks

    Top Tech Stocks to Watch in 2025

    October 6, 2025

    How Embedded Payments Are Reshaping Digital Commerce

    December 24, 2025

    Sofi Technologies, PayPal Score Big Beats

    October 28, 2025
    Weekly Top

    Real Estate Simulator 2 Announced For Steam in 2026

    January 30, 2026

    Silver Price Forecast: 30% Historic CRASH

    January 30, 2026

    BBC Learning English – 6 Minute English / Bitcoin: digital crypto-currency

    January 30, 2026
    Editor's Pick

    Property118 | UK property investment slumps amid economic uncertainty

    July 31, 2025

    Madonna announces ‘Like A Prayer (The Silver Collection)’

    July 23, 2024

    Iron Maiden, Ghost, Babymetal and more star in Metal Hammer’s blockbuster End Of Year issue, which comes with an exclusive Iron Maiden pin badge, Halestorm sticker and a 2026 heavy metal calendar

    December 11, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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