DTE Energy invests $1.6B in Michigan-made battery storage systems
The partnership with LG Energy Solution Vertech will support eight projects, creating jobs and improving grid reliability.
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Diversified energy company
dteenergy.comLast updated
In short: DTE reported a $407 million Q1 2026 profit and announced a $1.6 billion battery storage partnership with LG while facing scrutiny over rate hikes.
The partnership with LG Energy Solution Vertech will support eight projects, creating jobs and improving grid reliability.
Invested $1.2B in utilities, earned $407M operating earnings. Secured Google data center deal, improved reliability with 60% fewer outages, awarded small business grants, earned workplace honors.
Following its April 28, 2026 filing, the company will forego increases until at least 2028 as data centers come online, spreading fixed costs and enhancing affordability.
Projects must be in Michigan, operational by Q1 2029. Bids due July 8, 2026. Supports DTE's goal of 2,950 MW by 2042.
Our 24/7 Wall St. price target for DTE Energy (NYSE:DTE) is $161.25 over the next 12 months, implying 9.38% upside from the current price of...
The Trump administration has finalized a $1.6 billion loan to Michigan-based utility DTE Energy Co. to modernize hundreds of miles of natural gas infrastructure.
Michigan Attorney General Dana Nessel is pushing back on a proposed agreement tied to a planned...
DTE Energy paid zero current federal income taxes in 2025 despite $1.54 billion in profits, marking its 12th consecutive year without paying net federal income...
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