Latest news with #Arlington-based
Business Upturn
15-05-2025
- Business
- Business Upturn
Summit Ridge Energy to Deliver Energy Savings to Virginians with New 4.1MW Solar Installation
Elkton, VA, May 15, 2025 (GLOBE NEWSWIRE) — Summit Ridge Energy (SRE), Virginia's leading solar developer, announced the energization of its Scenic Farms Shared Solar Project, a 4.1-megawatt solar installation located in Rockingham County, VA. The project is part of the Commonwealth's expanded Shared Solar program, which provides Dominion Energy Virginia customers with broader access to solar energy bill credits—without requiring them to install panels on their own homes. State officials, including Deputy Secretary of Commerce & Trade Maggie Beal and House of Delegates Majority Leader Charniele Herring, joined Summit Ridge leadership, key investors, and community partners to mark the official opening of the site. The Scenic Farms Solar Facility is part of a portfolio of 25 projects that make up Summit Ridge's 100 MW footprint in Virginia—positioning the company as the largest developer in Virginia and expanding access to locally generated energy. The Arlington-based company is now the owner and operator of nearly half of all capacity in the Virginia Shared Solar Program. 'The Summit Ridge team is proud to call Virginia home, and even prouder to play a role in meeting the Commonwealth's growing energy needs. As Virginia has expanded its Shared Solar policy, we've had the opportunity to scale our efforts in tandem—now owning and operating 100 MW of projects across the state,' said Steve Raeder, Chief Executive Officer at Summit Ridge. 'We're committed to supplying locally generated power to Virginians while continuing our investment in the state.' The construction and operation of this project and others in development represent Summit Ridge's $250 million investment in Virginia—providing more than 1,000 jobs for construction workers, vendors, and local businesses. That investment is supported by Summit Ridge's joint venture with Osaka Gas USA Corporation, with construction financing led by MUFG, a leading global financial group. 'It means a lot to know that this land is continuing to support our community—not only by producing food, but also by generating local energy,' said Leroy Heatwole of Scenic L Farms, the landowner where the solar facility is located. 'We're proud to still be raising poultry and growing wheat here, while also supporting the local education system and contributing to energy savings and economic growth. It's an honor to be part of something that gives back and builds a legacy for my children and grandchildren.' Once operational, the Scenic Farms site alone is expected to generate over 6.5 million kWh annually, delivering meaningful energy savings to over 600 local subscribers. Summit Ridge's fleet of assets will reduce energy costs for nearly 16,000 Virginia households once energized. This significant development underscores Summit Ridge's commitment to improving grid stability, boosting local economies, and providing tax benefits to the community. The Scenic Farms development reflects a growing interest in shared solar across the region, as consumers, policymakers, and businesses seek locally generated energy that expands America's Energy Independence and long-term grid resilience. Residential customers located within Dominion Energy service territory will be able to subscribe and benefit from this project with bill credits beginning in the summer of 2025. Virginia residents interested in enrolling in the state's Shared Solar Program can get more information about subscribing by reaching out to Summit Ridge's partner, Perch Energy, which recently merged with Arcadia's community solar business. About Summit Ridge Energy As the nation's leading commercial solar company, Summit Ridge Energy merges financial innovation and industry-leading execution to deliver locally generated energy via a more resilient and secure electric grid. This has made Summit Ridge one of the fastest-growing energy companies in America, with over 2 GW of solar power operating and in development. Since launching in 2017, Summit Ridge has raised over $5B in project capital to finance 200+ solar farms, providing energy savings to more than 42,000 homes and businesses while contributing to American energy independence. Learn more at and connect with us on LinkedIn. Attachments Scenic Farms Solar Facility Ribbon Cutting Ceremony at Scenic Farms Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
15-05-2025
- Business
- Yahoo
MSNBC Makes Key Political Hire as It Builds a New D.C. Bureau
As it prepares for its future spun off from Comcast, the new leaders of MSNBC have made a key hire to build up its political reporting infrastructure. Sudeep Reddy was enlisted away from Politico to join the cable news TV brand as it establishes its own presence in Washington, D.C. apart from NBC News and creates its own beltway bureau. Reddy, who led 150 journalists as senior managing editor at the Arlington-based trade publication during an eight-year tenure, will start at MSNBC on June 16. More from The Hollywood Reporter Stephanie Ruhle Sets MSNBC Primetime Special With Laid-Off Federal Workers (Exclusive) At WHCD Weekend, Glam With a (Small) Dash of Dystopia White House Correspondents' Dinner Focuses on Awards, Journalism as Trump Snubs Comic-Free Soirée He'll report to Scott Matthews, the svp of newsgathering who just joined the channel's leadership from WABC-TV in March. 'Sudeep's appointment signals the importance of original and enterprise reporting for the future of MSNBC,' Matthews wrote in a memo to staff. 'He will lead our Washington team to focus not just on the happenings inside Washington but also on how decisions in the capital will impact people across the nation and around the world.' The work to build up its own political reporting muscle is ahead of Comcast's separation of its cable TV business into a nondescriptly named firm called Versant that will include MSNBC, CNBC, USA Network, Oxygen, E!, Syfy and the Golf Channel. Versant, which will be run by NBCU exec Mark Lazarus, says its brands reach 70 million homes and generate $7 billion in revenue annually. The close date for that deal is expected later this year. NBC News, and its newsgathering resources along with franchises like the Today show, are staying put at Comcast. And several key reporting talents are being divided up between NBC News and Versant's MSNBC and CNBC, among them Steve Kornacki, who inked a deal to exit MSNBC to stay put among the Comcast stable. So MSNBC has been making notable hires — Matthews is looking to hire for an estimated 100 roles — to fill the void in reporting areas that had been occupied by NBC News resources. Reddy will oversee coverage of Capitol Hill, the White House, the State Department, Justice Department and Supreme Court as the exec looks to build the MSNBC D.C. bureau. As the line between cable television blurs with longform video podcasting, MSNBC has also been hiring from a new competitive set, including bringing on former NBC News alum and recent Crooked Media GM Madeleine Haeringer to oversee its podcast and audio offerings. New products, amid a rapidly shifting linear-to-digital landscape and evolving media ecosystem, appears to be one part of the equation for MSNBC. Matthews added of Reddy in the memo to staff, 'While at Politico, he launched dozens of new products, including newsletters, podcasts, live events and digital offerings; guided strategy and operations for Politico Playbook during the first Trump administration; and built the newsroom's first audio team from the ground up.' Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
Business Journals
01-05-2025
- Automotive
- Business Journals
Arlington launches innovation into motion with these 5 recent partnerships
As a relatively young organization, the Arlington Economic Development Corporation (EDC) seeks to strategically partner with companies that are embracing an innovative future. The Arlington EDC is actively co-investing with groups focused on advanced technology, consistent with the talented workforce coming out the University of Texas at Arlington. The American Dream City is the fourth most diverse city in the country, according to many studies — and only 10 miles away from DFW International Airport. As a transportation hub with an educated workforce, Arlington is working to propel leading-edge companies to profitability. Some recent examples of innovative companies who have partnered with the Arlington EDC and made their move to Arlington include: Sportec Solutions, a Munich-based sports technology company, has established its U.S. headquarters in Arlington. Sportec Solutions develops next-gen solutions in the fields of match data and officiating technology. They maintain a long-term agreement with Major League Soccer (MLS) as the official provider for live data and video assistant referee services. Sportec Solutions is the latest addition consistent with Sports Business Journal's selection of Arlington as the sixth best sports business city in the United States. E-Space is a startup global telecommunications and satellite manufacturer founded in 2022. They offer an advanced, sustainable low Earth orbit (LEO) space system to enable hyper-scaled deployments of space-based Internet of Things (IoT) solutions and services. The company will establish its headquarters and satellite manufacturing facility (250,000 square feet in its initial phase) at the Arlington Municipal Airport, including a 40,000-square-foot hangar, an airport access road and an aircraft parking apron. Ikon Technologies is an innovative software and hardware technology company serving the automotive industry, with products uniquely designed by auto dealers for auto dealers. This Arlington-based company recently celebrated its office expansion, growing the number of employees and extending those opportunities to UT Arlington students and graduates. Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, opened its first North American manufacturing facility in Arlington. The factory manufactures all of the company's chargers in the U.S., which serve multiple segments of EV charging, including residential, bidirectional and hyperfast highway corridor charging. Bell and the City of Arlington have a history spanning over 55 years. Beginning in 1967, the city has played a major role in supporting the innovation of flight testing for new programs at Bell's Flight Research Center. Bell's Weapon Systems Integration lab is a new 47,000-square-foot facility, which aids in the safe, rapid and efficient integration and testing of a next generation fly-by-wire aircraft and mission systems using a modular open systems approach for the United States Army. Each of these projects has its own unique take on innovation, from military-grade aircraft testing to satellite manufacturing and everything in-between. As a No. 16 top tech city (Cloudward) and No. 12 best large city to start a business (WalletHub), Arlington's business-friendly climate is a place for companies to thrive. The Arlington EDC has the funding stream and is ready to put it to good use to continue propelling innovation into motion. Here in Arlington, there's no project too big or too small — we make ideas become reality. We Can. We Do. Why Arlington? Learn more at The Arlington Economic Development Corporation (EDC) is a nonprofit organization whose mission is to create a vibrant, globally connected and innovative community that fosters equitable growth for all. The EDC recruits business and industry, helps local companies grow and generates quality job opportunities throughout the Arlington metro area. The EDC also seeks to attract and retain community partners, businesses, and workforce members to invest and make their home in Arlington.
Business Journals
24-04-2025
- Business
- Business Journals
First 100 home sites delivered in 612-acre suburb community
By submitting your information you are agreeing to our Privacy Policy and User Agreement . The community will feature approximately 2,400 homes once it's fully completed. Check out the builders already signed up, the build-out timeframe and more. The first hundred lots of an approximately 2,400-home community in the works in Mesquite are ready for sale. Talia is a 612-acre master-planned community by the Nehemiah Co. currently under construction along FM 2757 south of Interstate 20. So far, 262 lots have been delivered in the development, with 37 homes currently under construction. Candence Homes delivered 78 home sites and is offering one- and two-story townhomes ranging from 1,569 square feet to 2,106 square feet with home prices starting in the $290,000s. David Weekley Homes delivered 72 lots and is offering floor plans on 35- and 50-foot lots starting at $324,000s and $407,000s, respectively. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Highland Homes completed 57 lots and selling sizes ranging from 1,582 square feet to 2,278 square feet starting in the $340,000s while Drees Custom Homes and Chesmar Homes will be offering homes starting in the $524,000s and $449,000s, respectively. The Nehemiah Co. anticipates Talia to be 10-year buildout depending on market condition. In addition to the thousands of homes slated for delivery, the community will feature pocket parks, nearly 3 miles of unpaved trails and pickleball courts. The project is the Arlington-based residential development firm's first project in Mesquite. 'Mesquite is a progressive city led by forward-thinking public officials who are very proactive in bringing in a broad gamut of companies and want housing to support that diverse workforce,' Robert Kembel, president of the Nehemiah Co., said in a statement. 'We anticipate rampant growth in this area. Forney ISD also factored heavily into our decision – it's a wonderful school district that parents seek out. Working with community stakeholders to bring Talia to fruition has been a great experience.' The Nehemiah Co. works with city and county governments to redevelop massive infill locations in the Dallas-Fort Worth Metroplex primarily into housing, according to its website. The firm is also developing its 2,000-acre Viridian project in Arlington and a 565-acre community in Crowley.
Axios
11-04-2025
- Business
- Axios
Virginia's billionaire club grows
Virginia is now home to a whopping 10 members of the billionaires club, according to Forbes' annual list. Why it matters: That's two more billionaires than the state had last year. Driving the news: Bob Pender, co-founder of Arlington-based liquefied natural gas company Venture Global Inc, is one of two new-to-the-list Virginia-dwelling billionaires. Pender is a Falls Church resident worth around $9.1 billion. He and his co-founder took their company public in January (good timing), Washington Business Journal reports. He's joined as a Forbes list first-timer by Sheila Johnson, Salamander Collection CEO (and BET cable channel co-founder), who's been called "America's first Black female billionaire," per WBJ. Johnson's worth an even $1 billion and lives in The Plains, a little town about an hour west of D.C. Follow the money: The Plains is also home to the state's richest resident and the 34th wealthiest person on the planet, Jacqueline Mars. Mars has topped Virginia's list for more than a decade thanks to a family fortune built on Snickers, Twix and Milky Way. She has an estimated net worth this year of $42.6 billion. Other Virginia billionaires include: Pamela Mars, Jacqueline's niece, who lives in Alexandria and is worth $10.7 billion. That makes her the second-wealthiest person in Virginia. Winifred J. Marquart, a Virginia Beach resident and heir to the S. C. Johnson company, which owns Pledge, Windex and Ziploc bags, $4.7 billion. Daniel D'Aniello, co-founder of the private equity firm Carlyle Group and Vienna resident, $4.4 billion. William Conway Jr., co-founder of Carlyle Group and McLean resident, $3.9 billion. Steve Case, co-founder of the investment firm Revolution and AOL before that. He lives in McLean and is worth $2.4 billion. Richard Fairbank, chairman and CEO of Capital One. He's also in McLean and is worth $1.3 billion. Craig Abod, founder and owner of Carahsoft, a Reston-based technology company. He lives in Great Falls and is worth $1.1 billion.
