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New NextEra bid for Dominion boosts credits, adds RVA jobs
Richmond Times-Dispatch • • business
Key Points:
- Virginia hosts the world's largest concentration of data centers, with 451 facilities consuming 3,583 megawatts of electricity, enough to power nearly 896,000 homes.
- Data centers bring significant tax revenues and economic opportunities to localities, but residents express concerns about their high energy demands and impact on neighborhoods.
- Developers are increasingly targeting the Richmond area, prompting some withdrawals of proposals and additional regulatory oversight by Henrico County due to community pushback.
- The state's robust telecommunications infrastructure, tax incentives, skilled workforce, and supportive officials have established Virginia as a global data center hub.
- The data center expansion intersects with broader political debates in Virginia concerning climate change, electricity rates, and local government authority, with federal actions aiming to ease electric grid expansion for these facilities.
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