Our World and Everything in It

 

I can’t believe it, but for whatever reason, DTE is going green. They are poised to invest billions in alternative energy for Michigan and from what I gathered of the Detroit Free Press article in yesterday’s Sunday paper, it is to help jumpstart Michigan’s economy. Actually, it said it was: “boosting the state’s efforts to become a leader in this rapidly growing market.” It can’t be talking about our senate’s recent efforts. It looks more like this is another example of the market driving environmentalism. The company couldn’t have made a more timely decision.

 

The article went on to say that DTE would invest $3 billion dollars over the next 6-7 years. This hinges on the state passing the mandate to insure 10% of Michigan’s electricity comes from renewable sources. The article reiterated that there are major differences between the senate and house energy bills, and that unless these differences are resolved, Michigan will continue to lose out on environmental jobs. 

 

DTE recognizes the potential for job growth, reduction in global warming, and energy independence by going green. The company is taking up the slack on wind power in Michigan that the latest round of energy bills through the senate seemed to dismiss. The “bulk of DTE’s multibillion-dollar investments will be in wind power.” The wind farms will be in the thumb region, the western side of the state, as well as, the possibility of a wind farm in Huron County.

 

DTE said it has begun to make multimillion dollar investments into its venture capital fund for alternative energy sources like wind, solar, and biofuels, but also new technologies and solutions, power storage, and companies that produce equipment like meters that monitor electricity use. This venture fund, formed in 1995, has not been active for the past few years, and is one of the few corporate venture funds available in the state “focused on alternative energy.” 

 

 

Recently, I happened to find a 1997 congressional presentation by many companies, including DTE, and from many states relative to alternative energy innovation. DTE presented some pretty advanced technology way back then. I’ve followed one of their investments, a company that produces hydrogen fuel cell extractors. It’s really advanced technology.  

 

What I find interesting is that these absolutely wonderful alternative ideas for energy presented to our federal congress back in the mid to late 90’s that were either ready to be developed further, marketed, and/or sold, just got shelved for years during the Bush administration. It looks like a big “Green Thumb” kept wraps on new technology entering the general public milieu even though the Texas ranch uses geothermal energy, and I wouldn’t doubt Cheney’s digs are eco friendly too. DTE just admitted their alternative energy venture fund has been on hold. It was obviously waiting on politics and/or the market.

 

I wonder if this new push to go green by DTE has anything to do with a federal judge vacating the “Clean Air Mercury Rule” as just another way to move pollution around, while demanding that the EPA set new standards for mercury emissions in less than 2 years? That ruling has a direct impact on coal fired plants. That’s for sure. Or is DTE keen enough to see the writing on the wall that a new environmental economy will lure more money and investment into Michigan, a good thing for all business, and in which case DTE is doing what our congress should be doing. Or is another monopoly forming because the possibility exists that any home can get solar panels, or a wind turbine, or a bio-digester for methane gas production, or all three, and provide energy for itself in the future. That paints a pretty scary picture for big utility companies and great incentive to go green first. 

 

This entry was posted on Monday, July 14th, 2008 at 5:02 pm and is filed under Alternative Energy, Alternative Energy Sources, Bush Administration, Conservation, DTE, Environment and Jobs, Environmental Capital, Environmentalism, Funding for Green Business, Global Warming, Green Investments, Industry, Michigan Environmental News, Solar Energy, The Detroit Free Press, Utilities, Wind Power. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.