East Point Energy, a wholly owned subsidiary of Equinor, has sold the 15.7-megawatt/62.8-megawatt-hour Shands Energy Storage project to Dominion Energy Virginia, one of the nation’s largest utilities. Financial terms were not disclosed.
Located in Sussex County, Shands is expected to be one of the largest stand-alone storage projects in Virginia when it becomes operational in 2023.
Dominion Energy acquired Shands as part of the company’s 2022 Clean Energy RFP, marking the second project that East Point has sold to Dominion through this process. Shands will enhance local grid reliability and serve as an essential component of Dominion Energy’s 100 percent clean-energy future.
“Dominion Energy remains committed to delivering clean, reliable energy to our customers in Virginia,” said Brandon Martin, manager of business development of energy storage at Dominion. “This project represents another critical step in expanding the energy storage program within