- To meet the standards mandated in Virginia Senate Bill 1355, Dominion Energy (D) has awarded Charah Solutions (NYSE:CHRA) +98.5% premarket, a marketing contract for the beneficiation and utilization of up to 8.1M tons of reclaimed ponded coal ash, effective 2021 through 2032.
- Charah Solutions will install processing and transportation infrastructure in 2021 to facilitate rail transportation of the ash from Chesterfield Power Station to cement kiln feed markets and the beneficiated ash will be distributed through company's MultiSource materials network.
- Scott Sewell, Charah Solutions President and CEO said, "Many utilities, like Dominion Energy, are experiencing an increased need to retire and decommission older generating assets while improving the environment. We have been proud to partner with Dominion Energy on their sustainability efforts for many years and are delighted to extend our relationship at this site for the next 12 years."