Skip to main content

DTE Energy and Consumers Energy pledge to help build extensive Midwest electric vehicle charging network

DETROIT and JACKSON, Mich., Sept. 22, 2020 (GLOBE NEWSWIRE) — DTE Energy and Consumers Energy have announced they are joining a first-of-its-kind pledge to make interstate travel easier for electric vehicle (EV) owners by 2022. Six energy companies will join in facilitating the construction of a vast network of fast charging stations across the Midwest from Michigan to Kansas, making it possible for EV owners to drive longer distances without worrying about their next charge.Automotive industry watchers believe that the lack of convenient fast charging – given that the number of fast chargers is significantly less than the number of gas stations on the highways – has been a factor holding some vehicle shoppers back from purchasing EVs. DTE’s and Consumers’ pledge to assist in the creation of the Midwest charging network will help solve this challenge by enabling clean transportation for many travelers well into the future.”Consumers Energy is committed to building the backbone of the charging network for electric vehicles across Michigan,” said Brian Rich, Consumers Energy’s senior vice president for customer experience. “We know we can play an important role in charging the growth of EVs in our state and region, and know that will be good for Michigan’s economy, our communities and the environment.”“DTE has a significant role to play in helping make EVs a viable option for many,” said Trevor Lauer, president and chief operating officer, DTE Electric. “This pledge, along with the rebates we offer for EV chargers installed at homes and businesses, shows DTE is committed to a future of more environmentally-friendly transportation.”In 2019, DTE Energy introduced its Charging Forward program offering incentives for its business customers to install, own, and operate Direct Current Fast Chargers (DCFCs) along major highway corridors in Southeast Michigan. To date, eight fast chargers are operational in Ann Arbor, Troy and Northville, with more than 40 additional DCFCs in development across DTE’s service territory. DTE believes the combination of initiatives like the Midwest charging network, utility charger rebates, and available Volkswagen settlement funds should help create the foundational charging network needed to support the expected 130 EV model launches from automakers by the end of 2022.Consumers Energy’s PowerMIDrive program offers rebates to customers for EV chargers at homes, workplaces and in public locations. Today, fast charging locations – which can fill a vehicle’s battery in an hour – are in place in Cadillac, Gaylord, Marshall, Big Rapids and Saugatuck, with plans for over 30 more to be operating by next year. In addition, Consumers Energy has accelerated plans to electrify its own fleet of company vehicles.According to the Edison Electric Institute, more than 1.4 million EVs are in use today, a number expected to grow to nearly 20 million by 2030. The Institute anticipates that a robust network of EV charging stations will be required to serve the needs of these drivers.Companies joining DTE Energy and Consumers Energy in the charging network’s memorandum of cooperation include Ameren Missouri, Ameren Illinois, Oklahoma Gas and Energy, and Evergy (covering parts of Missouri and Kansas). Additional companies have expressed interest and may soon join the collaborative effort. Construction of the network will be subject to regulatory approval in each region.About DTE Energy
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com.
For further information, members of the media may contact:
Chris Lamphear, DTE Energy, 248.425.2331
About Consumers Energy
Consumers Energy, Michigan’s largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state’s 10 million residents in all 68 Lower Peninsula counties.
For further information, members of the media may contact:
Brian Wheeler, Consumers Energy, 517-740-1545

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.