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DTE Energy Invests in 1.5 GW of Michigan-made Battery Energy Storage Systems for Eight Projects

LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.

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Microsoft and Avangrid Sign PPA for Bluebird Solar Project in Washington State

LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.

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Industry News

E·on Goes Shopping with Nearly $26 Billion

LCG, Dec. 14, 2001--German utility Eon said yesterday it would invest 28.7 billion euros ($25.8 billion U.S.) over the next three years, about 55 per cent of which would be outside Germany. More than 80 percent of the investment will be in the energy sector.

Items on Eon's shopping list include Powergen Plc of Great Britain, for which the German company has budgeted 8 billion euros ($7.2 billion) and Ruhrgas, Germany's largest natural gas company, which could cost Eon 4 billion euros ($3.6 billion).

Ulrich Hartmann, Eon's chief executive, said most of the spending would be in Europe and North America, and could be fully funded from cashflow and the proceeds from the sale of non-core assets. The objective is to make Eon one of the world's leading energy providers.

Last month, the company said it hoped to purchase to large U.S. energy companies and has set aside a war chest of 35 to 40 billion euros ($31.5-$36 billion) for those and other acquisitions.

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