DTE Energy spends $3.3 billion with Michigan suppliers in 2024
13 January 2025 - 11:52PM
For Detroit Voltage, a Detroit-based energy projects and electric
infrastructure company, becoming a DTE supplier has been a game
changer.
Since last spring, Detroit Voltage has installed hundreds of EV
charging stations on behalf of DTE. Founder and CEO Deana Neely
says the consistent pipeline of opportunities shines a positive
light on her community-focused, forward-thinking business.
Recently, Detroit Voltage won a contract to provide public
safety and field support in the aftermath of large storms. They are
currently staffing up for this new contract.
“The benefits of our collaboration with DTE go beyond EV
charging installations and improved electrical safety,” Neely said.
“We’re making a tangible positive impact on our community by
generating good-paying job opportunities that improve the local
economy.”
Neely is passionate about inspiring others to get involved in
renewable energy and skilled trades. She mentors other female
business owners and is finishing up a book that teaches women how
to launch a construction business.
“This work is about breaking down doors and offering
opportunities to those behind me,” she said. “I want to let people
know the possibilities are endless.”
The relationship highlights DTE’s commitment to invest in local
suppliers and drive statewide economic growth.
DTE spent $3.3 billion with Michigan businesses
in 2024, creating and sustaining nearly 14,000 jobs across the
state. The company continues to be a leader in partnering with
local suppliers. It has invested more than $24 billion with
Michigan-based suppliers since 2010, creating or sustaining 92,000
Michigan jobs.
“Doing business in the communities we serve grows Michigan’s
economy and puts people to work,” said Jaspreet Singh, DTE’s vice
president of Corporate Services. “Our investments in local and
diverse companies contribute to a thriving statewide economy and
enable us to deliver higher quality, lower cost service to our
customers.”
DTE partners with businesses throughout Michigan:
-
- Southeast
Michigan and Metro Detroit: DTE bought nearly $2.53 billion in
goods and services from 1001 companies, including $955 million with
companies located in Detroit. These efforts generated and supported
at least 11,000 jobs.
- West
Michigan: DTE spent $138 million with 167 companies, creating
or sustaining more than 550 jobs.
- Northern
Michigan: DTE invested more than $20 million with 108
companies, positively impacting about 90 jobs.
- South
Michigan: DTE partnered with 275 companies, spending $286
million and adding or maintaining 1,200 jobs.
- Central
Michigan: DTE invested $176 million with 94 companies, creating
or sustaining 700 jobs.
- Thumb Region:
DTE spent $137 million with 118 companies, positively impacting 600
jobs.
- Upper
Peninsula: DTE partnered with 48 businesses, spending $31
million and generating or supporting about 140 jobs.
DTE is a founding member of Pure Michigan Business Connect, a
unit of the Michigan Economic Development Corporation, that
encourages businesses to buy from Michigan suppliers and connects
local companies with in-state opportunities.
Last year, DTE also made progress toward an ambitious goal set
in 2020, spending nearly $1 billion with certified diverse
suppliers. A significant number of DTE’s diverse business partners
are local companies creating jobs right here in Michigan. The
company has earned more than 72 supplier diversity industry awards
since 2018 and has partnered with organizations like the National
Minority Supplier Development Council and the Great Lakes Women’s
Business Council.
“We host and attend outreach events to meet diverse business
owners where they are, and connect them with new opportunities,”
Singh said. “Through mentoring, we help diverse entrepreneurs build
their capacity for growth. This innovative approach diversifies our
supply chain and generates thousands of jobs across our state.”
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 2.3 million customers in
Southeast Michigan and a natural gas company serving 1.3 million
customers across Michigan. The DTE portfolio also includes energy
businesses focused on custom energy solutions, renewable energy
generation, and energy marketing and trading. DTE has continued to
accelerate its carbon reduction goals to meet aggressive targets
and is committed to serving with its energy through volunteerism,
education and employment initiatives, philanthropy, emission
reductions and economic progress. Information about DTE is
available
at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and
facebook.com/dteenergy.
For further information, members of the media may
contact: Lisa Bolla, DTE Energy, 313.235.5555
- DTE invests with Michigan businesses
Lisa Bolla
DTE Energy
DTE Energy (NYSE:DTE)
Historical Stock Chart
From Dec 2024 to Jan 2025
DTE Energy (NYSE:DTE)
Historical Stock Chart
From Jan 2024 to Jan 2025