Ford Inks Renewable Energy Agreement With DTE Energy

by Shivani Kumaresan, Benzinga Staff Writer

August 10, 2022 1:26 PM | 1 min read |

Ford Motor Co F has signed an agreement with DTE Energy Co DTE for clean energy.
Under the agreement, DTE will add 650 megawatts of new solar energy capacity in Michigan for Ford by 2025.
Ford is purchasing carbon-free electricity through DTE's MIGreenPower program.
DTE estimates that the construction of the solar arrays will create 250 temporary jobs and 10 permanent jobs.
"This unprecedented agreement is all about a greener and brighter future for Ford and for Michigan," said Jim Farley, president and CEO, Ford.
Price Action: F shares are trading higher by 1.61% at $15.44 on the last check Wednesday.
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