Ford Motor Company and DTE Energy Purchased the Largest Renewable Energy
Ford Motor Company and DTE Energy announced on Wednesday that they have partnered. They purchased the most significant renewable energy from a utility in U.S. history. The companies have agreed to buy 350 megawatts (MW) of wind power from the DTE wind farm.
The new wind farm will be the largest in Michigan. It will produce enough energy to power over 120,000 homes.
The partnership between Ford and DTE Energy is part of their commitment. They want to reduce their environmental impact.
About DTE
DTE Energy's history dates back to 1882, when the Detroit Edison Company was founded. Detroit Edison was the first investor-owned electric utility in the United States. In 1997, Detroit Edison merged with Michigan Consolidated Gas Company. They formed DTE Energy.
It is a Fortune 500 company and a member of the S&P 500. The company has a market capitalization of over $27 billion.
It generates annual revenues of over $11 billion.
DTE Energy is a vertically integrated energy company. They include electric and gas distribution, power generation, and energy services.
DTE Energy also has a portfolio of non-energy businesses. Some include telecommunications, real estate, and infrastructure.
DTE's MIGreenPower program will add 650 megawatts of solar energy. That's just in Michigan alone. Most of it will be used by Ford. It will increase the amount of installed solar in Michigan by nearly 70%. It is a step in the right direction for Michigan, and it is clear that the state is committed to renewable energy.
About Ford Motor Company
Ford Motor Company is committed to reducing emissions. They also want to improve air quality in the state.
Their Michigan-based manufacturing facilities will be powered by renewable energy by 2025. Some include the Dearborn Truck Plant, Michigan Assembly Plant, and Livonia Transmission Plant.
Michigan struggles with the worst air quality in the country. The state will need to reduce its emissions by 45% by 2030.
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