DTE Energy, a prominent energy provider in Michigan, has recently announced its ambitious plan to retire all coal power plants by 2032 and invest $11 billion in transitioning to clean energy sources. This CleanVision Integrated Resource Plan (IRP) has received approval from the Michigan Public Service Commission (MPSC) following a historic settlement agreement with nearly two dozen organizations.
The approved plan outlines DTE’s commitment to accelerate the adoption of clean energy by increasing investments in locally-produced solar and wind energy, expediting the retirement of coal plants, and developing innovative energy storage solutions. The key highlights of the plan include the development of over 15,000 megawatts (MW) of renewable energy sourced from Michigan by 2042, the acceleration of energy storage deployment to over 1,800 MW by 2042, and the complete cessation of coal usage by 2032.
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DTE Energy aims to reduce its reliance on coal from 77% in 2005 to zero within the next three decades. To achieve this goal, the retirement of the Belle River and Monroe coal power plants will play a significant role. In addition, DTE has decided to retire half of the Monroe Power Plant in 2028 and the remaining half in 2032, further expediting the transition away from coal.
To support the clean energy transition, DTE will invest more than $11 billion over the next 10 years, creating over 32,000 job opportunities in Michigan. Furthermore, the company plans to allocate $110 million towards programs that improve the energy efficiency of low-income households, enhance customer affordability, and provide access to clean energy resources for vulnerable customers. The Belle River coal-fired power plant will be repurposed to operate on natural gas, significantly reducing carbon emissions.
DTE Energy also aims to achieve a 2% energy savings level through 2027 by promoting energy efficiency measures. Additionally, the company supports the increased generation of distributed energy on its distribution system. Recognizing the impact on employees due to the retirement of coal plants, DTE is committed to retraining affected individuals.
These plans align with DTE’s long-term objective of achieving net-zero carbon emissions by 2050. The transition to clean energy is gaining momentum within the energy industry, in line with the Environmental Protection Agency’s efforts to reduce greenhouse gas emissions from the power sector.
Sources:
– DTE Energy Press Release
– Michigan Advance
