Oracle Secures DTE Energy Power Deal for Michigan Data Center as Shares Flat
Oracle will use power from DTE Energy for its new Saline Township, Michigan data center after DTE forecast 2026 operating EPS of $7.59 to $7.73, while Oracle shares held flat post-earnings. Oracle was named among AI infrastructure clients driving a DRAM shortage that lifted contract prices over 170% year-over-year.
1. DTE Energy Power Agreement
Oracle has inked an agreement with DTE Energy to supply electricity to its forthcoming Saline Township, Michigan data center. DTE’s reiterated 2026 operating EPS forecast of $7.59 to $7.73 underscores its financial strength, and Oracle shares showed minimal movement following its recent earnings announcement.
2. Position in AI Infrastructure
Oracle is listed among leading AI infrastructure customers alongside OpenAI and xAI, contributing to a surge in DRAM demand. Contract prices have climbed more than 170% year-over-year, reflecting tight memory supply that could affect costs and capacity planning for Oracle’s growing cloud services network.