DTE Energy Signs 1.4 GW Power and Storage Deal with Oracle Subsidiary

Reuters

11/01

DTE Energy Signs 1.4 GW Power and Storage Deal with Oracle Subsidiary

DTE Energy Company has announced the approval and execution of a Primary Supply Agreement $(PSA)$ and an Energy Storage Agreement (ESA) between its subsidiary, DTE Electric Company, and Green Chile Ventures LLC, a wholly owned subsidiary of Oracle Corporation. Under the PSA, DTE Electric will provide approximately 1.4 gigawatts of electric service to a future data center in southeast Michigan, with service ramping up to full delivery by December 2027 and continuing through February 2045, with options to extend. The PSA includes provisions for minimum monthly charges and possible termination fees. The ESA provides for DTE Electric to build and operate about 1.4 gigawatts of energy storage capacity to support the project, with each facility operated for 15 years and extendable by mutual agreement. Oracle Corporation is providing credit support for both agreements. Full details will be included in DTE Energy's forthcoming annual report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DTE Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000936340-25-000228), on October 31, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/DTP\">DTE Energy Company</a> published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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Under the PSA, DTE Electric will provide approximately 1.4 gigawatts of electric service to a future data center in southeast Michigan, with service ramping up to full delivery by December 2027 and continuing through February 2045, with options to extend. The PSA includes provisions for minimum monthly charges and possible termination fees. The ESA provides for DTE Electric to build and operate about 1.4 gigawatts of energy storage capacity to support the project, with each facility operated for 15 years and extendable by mutual agreement. Oracle Corporation is providing credit support for both agreements. Full details will be included in DTE Energy's forthcoming annual report.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/DTP\">DTE Energy Company</a> published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000936340-25-000228), on October 31, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348723411.USD","symbol_name":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251031:nNDL4N0gVh:1","article_id":"2580415012","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580415012","pubTimestamp":1761941786,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"DTE Energy Company has announced the approval and execution of a Primary Supply Agreement  and an Energy Storage Agreement  between its subsidiary, DTE Electric Company, and Green Chile Ventures LLC, a wholly owned subsidiary of Oracle Corporation. 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Under the PSA, DTE Electric will provide approximately 1.4 gigawatts of electric service to a future data center in southeast Michigan, with service ramping up to full delivery by December 2027 and continuing through February 2045, with options to extend. The PSA includes provisions for minimum monthly charges and possible termination fees. The ESA provides for DTE Electric to build and operate about 1.4 gigawatts of energy storage capacity to support the project, with each facility operated for 15 years and extendable by mutual agreement. Oracle Corporation is providing credit support for both agreements. Full details will be included in DTE Energy's forthcoming annual report.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DTE Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000936340-25-000228), on October 31, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}