DTE Energy Invests $1.6B in Battery Storage Systems with LG Energy
DTE Energy announced a $1.6B investment, partnering with LG Energy Solution Vertech to develop Michigan-made battery energy storage systems across the state. "The procurement agreement will support eight projects with battery systems delivered over a two-year period, generating an estimated $2.3 billion in total economic impact while creating good-paying jobs in Michigan, improving grid reliability and meeting the state's clean energy goals. The eight energy storage projects will deliver 1.5 gigawatts or 6 gigawatt hours of battery storage, a critical technology that enhances grid reliability. The battery energy storage systems will store electricity during times of excess generation and distribute the power to customers as needed to meet peak periods of customer demand. This will reduce strain on the grid and decrease the need to start and stop generation as demand fluctuates," the company stated.
