DTE Energy enters into supply deal with Alphabet's Google

Reuters05:29
DTE Energy enters into supply deal with Alphabet's Google

March 17 (Reuters) - DTE Energy DTE.N said on Tuesday its subsidary DTE Electric signed a primary supply agreement and a clean capacity accelerator agreement (CCAA) to provide electric services and energy storage capacities to Alphabet's GOOGL.O Google.

U.S. power demand reached record highs in 2025 and is projected to hit fresh highs as major tech companies boost consumption at their rapidly expanding data centers.

  • Under the deal, which will run through 2047, DTE Electric will provide electric services to Google's 1 gigawatt data center which is to be built in Michigan.

  • Monthly minimum charges would be applied if the deal ends early.

  • Under the CCAA, DTE Electric will provide up to 480 megawatts of energy storage capacity and 1,600 megawatts of renewable generation to support its electric service to Google's upcoming data center.

  • DTE Electric will operate the renewables and storage resources over the course of 20 years.

  • Google said in a release it will fully cover the electricity costs and infrastructure needs

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment