Ford Reaches Solar Power Deal With DTE Energy

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Ford said Wednesday it has reached an agreement with DTE Energy to power its electricity supply in Michigan with clean energy, a step toward its goal of becoming carbon neutral by 2050.

The automaker’s deal with DTE, Michigan’s largest renewable energy producer, will add 650 megawatts of new solar power capacity in the state by 2025, allowing the automaker to assemble every vehicle it he manufactures there using renewable energy.

Ford called the deal the largest renewable energy purchase ever from a utility in the United States. The agreement will help Ford decarbonize its operations and achieve its sustainability goals, including a goal to power all of its global facilities with renewable energy by 2035.

Ford said the purchase would help it reduce its carbon dioxide emissions by up to 600,000 tons. Overall, Ford’s arrangement with DTE will increase Michigan’s solar capacity by 70%, according to the automaker.

The announcement comes a day after Ford said it would raise the price of its F-150 Lightning electric pickup truck to between $6,000 and $8,500 for new orders.

“Due to significant increases in material costs and other factors, Ford has adjusted the MSRP beginning with the opening of the next wave of F-150 Lightning orders,” a statement read.

The entry-level Lightning will now retail for $46,974, while the high-end “Platinum Extended Range” version starts at $96,874. The price increase will not apply to customers who have already ordered a truck and are awaiting delivery.

Ford also said the truck’s standard range battery can now travel 240 miles, up from 230 miles, on a full charge.

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