Dominion Energy Boosts Capital Plan to $64.7B, Secures 48.5 GW for AWS
Dominion Energy raised its 2026–30 capital plan by about 30%, boosting the budget to $64.7 billion and secured nearly 48.5 GW of contracted data center capacity as of December. Major hyperscalers including Amazon have signed agreements, underscoring AWS expansion and infrastructure reliability.
1. Capital Plan Increase
Dominion Energy increased its five-year 2026–30 capital budget by roughly 30%, raising the total to $64.7 billion as it accelerates investment in infrastructure to support data center and utility operations.
2. Data Center Contract Wins
As of December 2025, Dominion had secured nearly 48.5 GW of data center capacity through signed agreements with major hyperscalers, including Amazon, Alphabet, Microsoft and Meta, significantly exceeding previous targets.
3. AWS Expansion Implications
By locking in capacity commitments from Amazon Web Services, Dominion Energy underpins AWS’s power needs for upcoming cloud and AI workloads, enhancing service reliability and potentially supporting Amazon’s future growth initiatives.