Tuesday, May 29, 2012

Dominion Virginia Power cancels Halifax solar test project


Dominion Virginia Power has canceled its solar test project in Halifax County because of holdups in developing crucial technology.

The proposed 4-megawatt project would have used new-technology batteries to store electricity produced from sunlight. But "the technology just wasn't there," company spokesman Jim Norvelle said, "and we decided to cancel."

Dominion Virginia Power had spent $500,000 on the Southside Virginia solar project, which had a total estimated cost of $35 million, Norvelle said Friday.

The company was slated to receive a $5 million grant from the state tobacco commission for the research-and-development effort, he said, but the utility did not use the money.

Expecting the test facility would have been operational in 2012, Dominion Virginia Power planned to use photovoltaic panels to generate 4 megawatts of electricity and store up to 12.5 megawatt-hours of the energy using advanced battery technology.

The privately held startup company developing the batteries had extensive delays in its commercialization program, Dominion Virginia Power said, and the utility decided to cancel the project in November.

Read more:
http://www2.timesdispatch.com/business/business/2012/may/12/tdbiz01-dominion-virginia-power-cancels-halifax-co-ar-1909242/