Overview
- The agreement is DTE’s first with a hyperscaler and was characterized by CEO Joi Harris as a major growth milestone.
- Demand from the data center will ramp over two to three years, with existing capacity covering the near term before new storage comes online.
- Contract terms include a 19-year power supply with minimum monthly charges and a 15-year energy storage arrangement funded by the customer.
- DTE updated a five-year, $30 billion investment pipeline and earmarked nearly $2 billion in incremental storage to support a potential 8.4 GW data center footprint.
- The utility plans to file for approval of the contract and is preparing 12 GW of additions from 2026–2032, including 2.5 GW of batteries, 8 GW of renewables and 1.5 GW of gas, while negotiating roughly 3 GW more in late-stage talks.