Luna Innovations Partners to Deliver Clean Energy from Largest Offshore Wind Project in the U.S.
23 Fevereiro 2023 - 10:30AM
Business Wire
Giant Wind Farm to Replace Five Million Tons
of CO2 Emissions Annually
Luna Innovations (NASDAQ: LUNA), a global leader in advanced
optical technology, will provide monitoring services for the
largest offshore wind project in the United States -- Dominion
Energy’s Coastal Virginia Offshore Wind (CVOW) project. The
company’s EN.SURE long-range power cable sensing system will be
used to monitor the wind farm’s export cable system, which will
transport power to shore.
“We’re thrilled to be supporting an initiative that will help
Dominion and the state of Virginia reach their clean energy goals,”
said Scott Graeff, President and CEO of Luna. “The technology that
we’re able to provide will ensure the integrity of the project’s
operations and support efficient delivery of energy into more than
half a million Virginia homes and businesses. This is a great
example of Luna’s continued expansion into high growth markets like
clean energy.”
The Luna EN.SURE system combines fiber-optic based Distributed
Temperature Sensing (DTS) Systems and Distributed Acoustic Sensing
(DAS) Systems that will help Dominion ensure the constant operation
of its CVOW project by monitoring temperature and acoustics along
the entirety of the project’s cable circuit. The Luna system will
also be used to identify potential hotspots in and external threats
to the project, such as anchor drag from nearby ships. The system
also will provide depth-of-cable-burial information that can help
Dominion protect and optimize the project’s operations.
The CVOW project is instrumental to the realization of the state
of Virginia’s goal to provide only carbon-free energy by 2045. It
also marks a major step toward Dominion achieving its goal of
producing net-zero carbon and methane emissions by 2050 across its
15-state footprint.
The CVOW project will be the first offshore wind farm installed
in federal waters and the only project developed and owned by an
electric utility. Once fully operational, it will displace as much
as 5 million metric tons of carbon dioxide emissions annually,
which is the carbon equivalent of removing 1 million non-electric
cars from the road each year.
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in
high-performance, fiber optic-based, test products for the
telecommunications industry and distributed fiber optic-based
sensing for a multitude of industries. Luna’s business model is
designed to accelerate the process of bringing new and innovative
technologies to market.
Forward-Looking Statement
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
Luna’s expectations regarding technological capabilities, market
growth, environmental impact and CO2 reductions and operational
efficacy related to its technology and/or products. Management
cautions the reader that these forward-looking statements are only
predictions and are subject to a number of both known and unknown
risks and uncertainties, and actual results, performance, and/or
achievements of Luna may differ materially from the future results,
performance, and/or achievements expressed or implied by these
forward-looking statements as a result of a number of factors.
These factors include, without limitation, changes in market needs
and technological challenges, various environmental factors and
other risks and uncertainties set forth in Luna’s periodic reports
and other filings with the Securities and Exchange Commission
(“SEC”). Such filings are available on the SEC’s website at
www.sec.gov and on Luna’s website at www.lunainc.com. The
statements made in this release are based on information available
to Luna as of the date of this release and Luna undertakes no
obligation to update any of the forward-looking statements after
the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230223005355/en/
Investor Contact: Allison Woody Luna Innovations
Incorporated Phone: 540.769.8465 Email: woodya@lunainc.com
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