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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

Argentina's Booming Economy Hit by Natural Gas Shortage

LCG, Apr. 5, 2004--Blackouts have affected numerous industries in Argentina, due to artificially low prices for natural gas that have stoked demand and deterred companies from unprofitable exploration efforts.

The situation, which has prompted utilities to lower voltage to keep power flowing, also caused the legislature during the past weekend weekend to permit gas companies to raise gas prices by 100 per cent, over a fifteen-month period. Prior to that step, it passed a resolution restricting the amount of exports to foreign countries, in order to make more natural gas available for power generation. Small users of gas, however, are protected from price increases, and will continue to pay for gas at a rate well below what is paid in other countries.

Gas prices were fixed at artifically low levels under an emergency decree in early 2002. Among other things, this encouraged the conversion of over one million vehicles to natural gas-burning engines, from gasoline-burning. The government of Nestor Kirchner has said that it will exchange exports of meat and grain for imports of fuel oil and gas oil from Venezuala, for use at electricity generating plants. Even with price increases, however, prices will be artificially low, and an excess of demand over supply is likely, unless the prices can rise sufficiently to encourage exploration and drilling for gas.
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