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

    7 sun-powered innovations leading the next-gen energy shift

    Commodities

    Millions of households could get £255 energy bill refund by checking two-month rule

    Commodities

    Agricultural manufacturer set for comeback as new owners step in

    Commodities

    Martin Lewis issues energy bill warning to UK

    Commodities

    UK Energy Debt Hits Record £5.5 Billion: Why Your Bills Won’t Fall This Winter

    Commodities

    Six Global Energy Trends Shaping the Middle East in 2026

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    United Utilities boosts dividend as higher revenue drives profit jump

    Commodities

    As metal strides forth, women are leading the charge

    Commodities

    FLAMGP Secures $1 Billion to Drive Green Energy Strategy and Boost XRP Growth

    Editors Picks

    Florida AG accuses Robinhood of falsely promoting itself as ‘least expensive’ way to buy cryptocurrency, launches probe

    July 10, 2025

    Argentina to join US group for spurring metals investments

    August 21, 2024

    Rich Dad Poor Dad Author Predicts 400% Rally for One Precious Metal – And It’s Not Gold

    September 30, 2025

    Veefin Empowers Digital Lending with Strategic Fintech Collaborations

    September 18, 2025
    What's Hot

    Bank of North Dakota to launch ‘Roughrider coin’ for digital money moves – InForum

    October 8, 2025

    gold prices: Central banks will continue to be buyers of precious metal: Juerg Kiener

    August 23, 2024

    March 2025 UK House Price Index Released

    May 21, 2025
    Our Picks

    En Suisse, les raffineries d’or tournent à plein régime

    April 28, 2025

    LondonMetric acquiert Highcroft Investments pour un montant de 43,8 millions de livres sterling

    March 27, 2025

    2025 The Most Powerful Women in Finance, No. 18, Kate El-Hillow, Russell Investments

    October 1, 2025
    Weekly Top

    Agricultural manufacturer set for comeback as new owners step in

    January 9, 2026

    UK property market shows signs of recovery

    January 9, 2026

    What Is Step-Up SIP? This Simple Trick Can Double Your Retirement Savings | Savings and Investments News

    January 9, 2026
    Editor's Pick

    forages sur le site de Boumadine

    July 9, 2025

    From Bitcoin to ETFs, A Beginner’s Guide To Starting Smart

    May 26, 2025

    Copper Up Gold Up Stocks Flat

    August 9, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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