Economy

Facebook bringing $1-billion data center to Virginia

Facebook bringing $1-billion data center to Virginia”

"It's a model for other large companies that want to locate or expand into Virginia, access safe reliable affordable clean energy, and meet their sustainability goals", said Bob Blue with Dominion Energy. Because matching energy supply with demand while ensuring their rates comply with regulations is a hard balance utilities have to maintain, many of them have been resistant to adding a new product like renewable energy, which adds an extra layer of complexity in rate-setting to ensure extra costs a utility incurs doesn't affect all its customers' rates.

Facebook is moving into Virginia. Virginia Governor Terry McAuliffe announced Facebook's $750 million investment in Henrico during a Thursday morning press conference at the Virginia State Capitol.

"I am so pleased to see Facebook invest in our community, bringing more than 100 tech job opportunities for the hardworking people of the Commonwealth", said Congressman Donald McEachin.

Peterson says Facebook chose Virginia after a number of meetings with Dominion Energy Virginia that created a new tariff that will enable large enterprises to get a special rate for a facility to be powered 100-percent by renewable energy. "We now have more data centers than any state in America". In 2015, Google became the first customer of Duke's renewable-energy tariff. Through Schedule RF, Facebook will support energy expected to come from the sun.

To qualify for the voluntary and experimental rate option, a customer would be required to bring new electrical load and agree to purchase environmental attributes from renewable energy sources. Facebook currenlty has data centers in Oregon, North Carolina and Iowa. Centers in Fort Worth, Texas; Los Lunas, New Mexico; and New Albany, Ohio are now under construction.

Facebook will be eligible for millions of dollars in state and local tax breaks for the new project, which officials said will create thousands of construction jobs and 100 full-time employees when complete. Henrico County slashed property taxes almost 90-percent for this, and all future, data centers.

HCA Virginia's Henrico Doctors' Hospital this week announced the opening of its new Neonatal Intensive Care Unit.



Like this

Latest


06 October 2017
Nick Novak, Chargers Agree to Contract, Younghoe Koo Waived
Koo, who missed a potential game-winner against Miami in Week 2, leaves the Chargers having made just three of six field goals. On Thursday, his time was up and the Los Angeles Chargers waived him, and chose to sign Nick Novak to replace him.

06 October 2017
You Can Now Make Free Phone Calls Through Your Amazon Echo Devices
Well, now new report from TechCrunch claims that Google is developing a Echo Show competitor that is called codename Manhattan . According to Amazon , users are able to call "most" phone numbers in the U.S., Canada, and Mexico, excluding emergency numbers.

06 October 2017
Drunk Wyoming Man Tells Cops He's A Time Traveler
A drunk man, from US' Wyoming state, claimed that he had traveled back from the year 2048 to warn of an alien invasion. While it doesn't appear law enforcement believe Johnson's claims hold water, commenters had plenty to say on Facebook.

06 October 2017
Notable Movers Net Element, Inc. (NASDAQ:NETE)
Price-To-Cash-Flow-Ratio is a term that indicates the degree of cash flow valuation of the enterprise in the securities market. The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.

06 October 2017
Las Vegas Shooter Girlfriend Sent Away Before Attack, Her Sisters Say
Perth woman Janette Henry once considered the girlfriend of Las Vegas gunman Stephen Paddock , Marilou Danley , to be family. Police responded to the incident and found Paddock dead in his hotel room from what appeared to be a self-inflicted gunshot.

06 October 2017
Victoria's Secret and Balmain Tease Their Collaboration for This Year's Fashion Show
The brand that'll be making what will no doubt be some fire lingerie for VS is none other than French fashion house and style darling Balmain .

06 October 2017
Cubs Face Long Odds of Repeating as World Series Champions
While the Indians are a favorite to make to the World Series yet again, the Astros aren't going to make it an easy journey. The most famous curse in baseball history was broken last year, when the Cubs won the title to end a 108-year drought.

06 October 2017
Once an obscure device, 'bump stocks' are in the spotlight
None are Republicans, he told CNN, although he is talking with about five or six conservatives to seek their support. That may not matter to gun owners who just want the thrill of shooting with one , or for those bent on destruction.

06 October 2017
Gauri Lankesh Murder Movie: Filmmaker AMR Ramesh served notice by Lankesh's mother
Her work is fostering the next generation of female leaders in our country. The SIT has talked to everyone in the family.

06 October 2017
Ladenburg Thalmann Financial Services Reiterates Buy Rating for ACADIA Pharmaceuticals Inc. (ACAD)
It increased, as 48 investors sold FB shares while 553 reduced holdings. 46 funds opened positions while 79 raised stakes. ValuEngine upgraded ACADIA Pharmaceuticals from a "sell" rating to a "hold" rating in a report on Friday, September 1st.



Recommended