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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

Fund Could Offset Energy Price Spikes in Edmonton

LCG, Feb. 6, 2002--Alberta's Revenue Minister said that representatives at a Future Summit Meeting discussed setting aside funds to be used when Alberta energy prices increase.

The minister, Greg Melchin, said that the existing Heritage Fund, created in 1976 to accumulate surplus energy revenues, could be used to make sure that other budgetary priorities are not impacted by high energy prices. It would also assist in maintaining reliable electric service, said Melchin.

The government did not approve similar proposals made in prior years, but the idea was revived during the two-day Future Summit's coverage of fiscal matters. A report by the Institute of Chartered Accountants of Alberta suggested that Alberta's remaining debt could be paid off with $6 billion, and that $3.5 billion could be used for the stabilization fund. The value of the Heritage Fund currently stands at $12 billion, and would receive additional funds from surplus revenues when they occurred.

While the conference proceedings suggested that support exists for countering boom-and-bust energy prices' effects, Melchin said that the province would need to "bring clarity" concerning Heritage Fund transactions.
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