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DTE Energy Invests in 1.5 GW of Michigan-made Battery Energy Storage Systems for Eight Projects

LCG, May 28, 2026--DTE Energy yesterday announced a $1.6 billion investment to develop Michigan-made battery energy storage systems across Michigan through partnering with LG Energy Solution Vertech, the U.S. energy storage division of LG Energy Solution.

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Microsoft and Avangrid Sign PPA for Bluebird Solar Project in Washington State

LCG, May 27, 2026--Avangrid, Inc., a member of the Iberdrola Group, today announced the signing of a Power Purchase Agreement (PPA) with Microsoft for the 140 MWdc (100 MWac) Bluebird Solar project in Klickitat County, Washington. Bluebird is located near four other energy projects owned and operated by Avangrid in Klickitat County and represents another $300 million investment in the community. The Bluebird Solar project is expected to achieve commercial operation in 2028.

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Industry News

Six Firms Qualify for Brazil's Cesp Auction

LCG, May 11, 2001The energy secretariat of Sao Paulo state in Brazil said yesterday that a Brazilian utility and five foreign firms have qualified for the May 16 auction of Cesp Parana, which provides about half of the electric power consumed in Brazil's most populous state.

Attempts to auction Cesp fizzled last year when all bidders withdrew at the last minute, citing risks in the utility's debt portfolio and its inability to fill the reservoir behind one of its largest hydroelectric facilities. Most of the companies problems have been resolved, observers say.

Base price for next Wednesday's auction has been set at 1.74 billion reals ($765 million U.S.), the same price in reals as last year's attempt. The price is lower in U.S. dollars, however, because of sharp declines in the Brazilian currency against that of the U.S.

A spokeswoman for Sao Paulo state said Duke Energy Corp., AES Corp. and NRG Energy Inc. of the U.S.; Electricit de France, and Electricidade de Portugal qualified to bid for Cesp. Minas Gerais state utility Cemig, which was restricted from bidding for a controlling stake in Cesp, was authorized to participate provided that it forms a bidding consortium with another firm.

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