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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

Dynegy's Online Trading Site Shut Down

LCG, June 20, 2002--The online electric power and energy product trading site Dynegydirect ceased operations at the close of business yesterday.

The closure of the site, which was reportedly used by 2,300 buyers and sellers, followed layoffs of at least 50 traders. Site operator Dynegy Inc. served as a market maker on the site, acting as the other participant in sales and purchase transactions. Spokesman Steve Stengel said, "I can confirm that we have stopped electronic trading on Dynegydirect. We will continue to trade with customers in North America and the U.K. by phone."

Consolidation of energy-related business activities and a general retrenchment within energy trading in particular has occurred as companies try to improve their credit ratings. As a result, traders still doing business have commented on the loss of liquidity. Dynegydirect offered 750 products, including natural gas and coal as well as electric power.

On top of 340 employees who have been laid off by Dynegy, a senior executive, Rob Doty, the company's chief financial officer, has announced his resignation. Doty, who joined the firm in 1997, is being succeeded by Louis Dorey, the president of the energy marketing division.
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