Yahoo/Zack’s headline: DTE Energy (DTE) Inks Deal With Ford for Renewable Energy
Zacks Equity Research
Mon, August 15, 2022 at 9:15 AM·3 min read
DTE Energy Company DTE recently clinched a clean energy agreement with Ford Motor Company (F), which entails the supply of renewable energy to the latter. Per the agreement, DTE is going to add 650 megawatts (MW) of new solar energy to Ford’s facilities in Michigan by 2025 through its MIGreenPower program, thus aiding F in decarbonizing its operations in the region and achieving its clean energy goal 10 years earlier than estimated.
The agreement further entails that henceforth Ford will utilize renewable energy to produce all of its vehicles in Michigan. The latest agreement marks the largest renewable energy purchase ever made in the United States. Further, the agreement augments Michigan’s installed solar capacity by nearly 70%.
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