DTE Energy Aligns BESS, Solar Projects to Michigan's Goals

June 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--DTE Energy Company (NYSE:DTE) (Detroit, Michigan) is moving aggressively to more than double its companywide energy-storage capacity to 2.95 gigawatts (GW) by 2042, much of which will come from battery energy-storage system (BESS) units. DTE's goals line up with those of its home state of Michigan, which is aiming for 2.5 GW of energy storage by 2030.

Industrial Info is tracking more than $2.2 billion worth of active and planned projects from DTE, more than 25% of which is attributed to closure or decommissioning projects at coal-fired power plants. DTE's operations were fueled by coal for much of its history. But over the past decade, the company has reduced its dependence on the fossil fuel by switching many of its power-generation facilities to burn another, natural gas, and investing in renewable-energy development.