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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

Morgan Stanley Can Buy Duke Power Contracts

LCG, Jan. 20, 2004--The sale of contracts by Duke Energy Trading and Marketing, a unit of Duke Energy Corp., to Morgan Stanley Capital Group has received approval from the Federal Energy Regulatory Commission.

The deal, which includes interests in 241 contracts, would cover short-term and long-term contracts. The sale also would move Duke Energy Corp. nearer to dissolving the Duke Energy Trading and Marketing unit, a joint venture with Exxon Mobil Corp. The unit would retain at least some of its portfolio of contracts.

Duke spokeswoman Kate Perez said that Duke continues to trade using its generating assets. Although Duke Energy North America, the merchant unit, is preparing to sell unspecified plants in the Southeast, the company has plants throughout other regions of the country.
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