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Dominion Energy Innovation Center Receives Phase 1 DOE Energy Program for Innovation Clusters (EPIC) Round 3

FOR IMMEDIATE RELEASE 

Thursday, April 11, 2024 

Media Contact 

Adam Sledd 

(804) 677-3885 

Adam@Dominnovation.com 

Prize funding to be used for advancing startups focused on improving data center energy usage 

Ashland, VA – The Dominion Energy Innovation Center (DEIC) has been awarded $150,000 as a Phase 1 winner of the U.S. Department of Energy (DOE) Office of Technology Transitions’ Energy Program for Innovation Clusters (EPIC) Round 3. As one of twenty-three winners nationwide, DEIC is the only Virginia-based organization selected. 

DEIC will use EPIC funding to build the country’s first accelerator program, DEIC Hyperscaled, designed to address the energy needs surrounding data centers in Virginia, the number one data center market in the world. Northern Virginia’s “Data Center Alley” is home to 35% of the world’s hyperscale data centers and 70%+ of the world’s internet traffic flows through the area; in addition to Northern Virginia, there is significant activity around the state. Data centers account for 21% of Dominion Energy’s Virginia power sales. 

“Energy usage by data centers is not only relevant to Virginia, but is a growing issue across the U.S.,” shared Adam Sledd, Executive Director of DEIC. “As DEIC supports entrepreneurs driving innovation toward a net-zero carbon economy, we believe startups creating energy infrastructure solutions for data centers are a critical piece of advancing our goals across Virginia.” 

This 11-week Hyperscaled program will be modeled after DEIC’s successful Accelerate program, and will feature additional education, mentorship, and investor connection opportunities. The funding will also underwrite creation of a new pre-acceleration program designed to identify and support promising companies not quite ready for the full acceleration program. Participants may include startups focused on energy efficiency, water usage, resiliency, back up power generation, and more. Project partners include Dominion Energy, QTS, and Jefferson Lab. To learn more about the Accelerate program, please visit https://dominnovation.com/energy/deic-accelerate/. Applications are now open at https://gust.com/programs/deic-accelerate-2024. 

EPIC Round 3 is part of OTT’s broader Energy Program for Innovation Clusters (EPIC) program, which provides funding and support to place-based accelerators and incubators to encourage robust growth of regional energy innovation ecosystems across the United States. DEIC was previously awarded an EPIC prize used to kickstart the SPARK Virginia program, designed to inspire, educate, seed, and launch advanced energy hard-tech startups across the Commonwealth. 

About the Dominion Energy Innovation Center 

The Dominion Energy Innovation Center, located in Ashland, Virginia, supports early-stage advanced technology companies by providing them with the collaborative space, guidance, and resources needed to accelerate their growth. 

Founded in November 2009, the Dominion Energy Innovation Center accelerates great ideas across a wide spectrum of industry sectors in addition to its focus on building the clean technology sector in Central Virginia. Founding partners of the Center include the signature sponsor, Dominion Energy, as well as Activation Capital, the Town of Ashland and Hanover County. Learn more at www.dominnovation.com

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