May 27, 2014
CHARLOTTESVILLE, Va. (AP) - A company created by University of Virginia researchers plans to launch an operation in Danville that could create 127 jobs.
The Virginia Tobacco Commission approved a $2 million research and development grant for Fermata Energy LLC.
Fermata is developing vehicle-to-grid bidirectional chargers. The chargers will enable electric vehicles and plug-in hybrids to provide energy storage.
Commission interim director Tim Pfohl tells The Daily Progress that Fernata plans to create manufacturing jobs in Danville, if the research is successful.