Dte Energy Co Stock Price, News & Analysis

DTE Energy announced the launch of its Charging Forward eFleets program on October 12, 2021, aimed at assisting Michigan businesses in transitioning to electric fleets. The $13.4 million initiative offers rebates for installing EV chargers—up to $2,500 for Level 2 ports and up to $70,000 for DC Fast Chargers. The program includes advisory services that provide a seven-step roadmap for fleet electrification, helping businesses achieve operational savings and sustainability.

DTE Energy (NYSE:DTE) will announce its third quarter 2021 earnings on October 27, 2021, before the market opens. A conference call to discuss the earnings will be held at 9 a.m. ET on the same day. Investors and the public can access the call via a live internet broadcast or by dialing in using the provided numbers. DTE Energy serves 2.2 million electric and 1.3 million gas customers in Michigan and plans to reduce emissions significantly by 2040, aiming for net zero emissions by 2050.

DTE Energy has been named a finalist for the 22nd Annual Citizens Awards by the U.S. Chamber of Commerce Foundation, recognizing its Summer Youth Internship Program. This initiative aims to provide transformative work experiences for interns facing employment barriers in Detroit. DTE's President and CEO, Jerry Norcia, emphasized the program's focus on skill development and career pathways for youth. The winners will be announced at the upcoming Corporate Citizenship Conference on November 17-18, 2021.

DTE Energy Foundation announced grants totaling over $400,000 to seven West Michigan organizations to enhance access to jobs, education, and basic needs for disadvantaged communities. The funding aims to create a positive impact on workforce development and food security. Notable recipients include Autism Alliance of Michigan ($125,000), Kids’ Food Basket ($100,000), and Feeding America West Michigan ($50,000). The foundation emphasizes the importance of educational pathways and job readiness in addressing inequities in Michigan.

DTE Energy announced the development of its first community solar project, a 20-megawatt facility in Washtenaw County, in partnership with the City of Ann Arbor and Pittsfield Township. This project, designed to support local clean energy goals, will allow all DTE Electric customers to subscribe. The initiative is part of DTE’s MIGreenPower program, which promotes renewable energy and aims for carbon neutrality. The project is set to start generating energy in 2023 and will be located on a capped landfill and greenfield site owned by Ann Arbor.

DTE Energy Foundation has awarded grants totaling $3.42 million to seven Michigan organizations to promote economic development and job creation. The funding targets diverse needs in the community, focusing on initiatives that increase local wealth and bolster employment opportunities. Key recipients include the Detroit Regional Partnership receiving $2 million, and the Detroit Economic Growth Association with $700,000. This funding aims to navigate the economic challenges posed by the pandemic, enhancing growth across regions in Michigan.

DTE Energy has announced a $70 million investment to enhance power reliability in communities affected by recent severe storms. This funding will focus on tree trimming and removal, which is responsible for the majority of outages during high winds. The investment is in addition to the existing $190 million allocated annually for similar efforts. The plan, filed with the Michigan Public Service Commission, aims to increase the tree trimming workforce and accelerate efforts in hardest-hit areas, ultimately reducing outages by an average of 60% in completed regions.