The technology is anticipated to improve grid reliability and save the utilities millions of dollars over the next 20 years by reducing how much they pay to deliver power during the highest-demand times.
Business
Posted inEconomy
Cardinal Commerce Notes: Wood council created, Walmart stores to be remodeled, program for Helene-hit farmers reopens, BWXT acquires machine shop
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Posted inEconomy
Former Roanoke Rambler owner ‘devastated’ after staff terminated
The online news organization, founded in 2021 by a former Roanoke Times reporter, was sold last month. Its three-person news staff said Monday that their employment was terminated after contract negotiations.
Posted inEconomy
Voyant Beauty to close Roanoke plant, lay off about 95
The company, which manufactures personal care products, did not provide a reason for the closure in a notice sent to state officials.
Posted inEconomy
Cardinal Commerce Notes: Recent real estate sales, resources for displaced Yokohama Tire workers, Crumbl coming to Roanoke area, Danville small business-focused event
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Posted inEconomy
Cardinal Commerce Notes: Credit union steps into NRV, Bobe to begin new role in Danville, Randolph College mechanical engineering to get a boost, loan to help restart Henry County sawmill
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Posted inEconomy
AeroFarms says sale expected to close in April after ‘normal delays’
The indoor agriculture company with a facility in Southside said it has received short-term funding to stay in business until the sale closes. Permanent closure remains possible if the deal falls through.
Posted inEconomy
Carter Bank sells Justice family businesses’ loans
The loans, connected to family businesses of U.S. Sen. Jim Justice, R-W.Va., were worth more than $200 million but have not been earning interest for the bank since 2023.
Posted inEconomy
‘My land is valuable’: Valley Link power transmission proposal meets a growing, organized resistance
Opponents of the proposed 115-mile, 765-kilovolt transmission line say it would harm their property, their communities, the environment and their health. The project’s developers say it’s necessary to meet growing electricity demand and keep the grid reliable.
Posted inEconomy
Cardinal Commerce Notes: New Appalachian Power president, Lynchburg hiring event, Southwest Virginia tourism research, Wythe County zoning meeting
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