Agogs News
The energy industry refers to the sector of the economy that is involved in the production, extraction, refinement, distribution, and consumption of energy resources. This includes various forms of energy such as fossil fuels (oil, natural gas, and coal), nuclear energy, and renewable energy sources (solar, wind, hydroelectric, geothermal, and biomass). The industry encompasses a wide range of activities including the exploration and extraction of raw materials, the operation of power plants, the manufacture of equipment and technology used in energy production, and the development of energy infrastructure such as pipelines and power grids. The energy industry plays a crucial role in supporting economic growth, powering transportation and manufacturing, and providing residential energy needs. It is also a focal point for discussions on sustainability and environmental impact, as the transition to cleaner energy sources is becoming increasingly important in the context of climate change and global energy demand.
DTE Energy invested $4 billion in utility infrastructure in 2024, resulting in a significant reduction in power outages. DTE Electric improved the electric grid with over $2.5 billion, while DTE…