DTE Energy Company
DTE Energy Finalizes Major Power and Storage Supply Agreements
Summary
On October 28, 2025, DTE Energy's Board approved a Primary Supply Agreement (PSA) and an Energy Storage Agreement (ESA) between DTE Electric and Green Chile Ventures, a subsidiary of Oracle. The PSA will provide approximately 1.4 gigawatts of electric service to a data center in southeast Michigan, running through February 2045 with options to extend. The ESA will involve DTE Electric building and operating 1.4 gigawatts of energy storage capacity for 15 years, also with extension options. Customer's parent company is providing credit support for both agreements.
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About DTE Energy Company
DTE Energy Company is a diversified energy firm that operates primarily in the utilities sector, delivering essential services to millions of customers in the United States. The company is predominantly engaged in the generation and distribution of electricity and natural gas, serving both residential and commercial clients. DTE Energy's operations are divided into two main segments: DTE Electric and DTE Gas. DTE Electric focuses on generating and distributing electricity, utilizing a mix of energy sources, including renewables, to ensure reliable and sustainable power supply. Meanwhile, DTE Gas oversees the transmission and delivery of natural gas across its service regions. Additionally, DTE Energy is actively involved in non-utility energy businesses, which encompass various energy-related services such as power generation and industrial energy solutions. With headquarters in Detroit, Michigan, DTE Energy plays a vital role in the regional economy, supporting infrastructure development and providing energy security. The company's commitment to innovation and sustainability is evident in its efforts to transition to cleaner energy sources, aligning with broader industry trends towards environmental responsibility.
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