DTE Energy to Invest $100M to Enhance Electric Grid Reliability
DTE Energy(DTE) ZACKS·2024-11-22 00:51
DTE Energy Company (DTE) recently announced its plans to invest over $100 million to build three new electric substations, along with installing new poles, power lines and electric equipment, in Michigan. This is part of the company’s broader grid investment strategy involves reducing its power outages by 30% and lowering restoration time by 50% by 2029.Smart grid technology will be incorporated in all the new substations, allowing DTE Energy to monitor the grid from its headquarters, and facilitating to re ...