Richmond-based Dominion Energy has announced it will provide $25 million in grants to historically black colleges and universities over a six-year period.

The state’s largest energy provider also announced a $10 million scholarship fund to aid African-American, Latino and other young people from under-represented groups seeking a college education.

The company on July 16 announced the new initiative aimed at racial healing, but provided few specific details on either program, stating those would be released later.

“We all know there are no actions or words that will immediately heal the hurt caused by 400 years of institutional racism,” Thomas F. Farrell II, Dominion’s chief executive officer, stated in the announcement.

“But since early June, we have seen signs of change and growth,” he continued. “Our country is moving forward. We are moving forward, too. This initiative is a recognition of the important role played by these institutions in African-American advancement and the importance of education as an equalizer in society.”

He stated the new program is in addition to a recent $5 million commitment that Dominion Energy and the company’s charitable foundation made to support social justice, community reconciliation and rebuilding.