GM and Ford Pivot EV Battery Capacity to Energy Storage

Corporate ActionIndustry Impact 4
โดย Oilprice.com·US·Read original
Summary · why it matters

GM and Ford are turning their underutilized electric vehicle battery capacity into a new energy storage business to meet soaring demand from data centers and the electric grid. Ford, which took a $19.5 billion write-down on its EV expansion, launched a battery energy storage systems (BESS) business at the end of 2025, repurposing manufacturing capacity in Glendale, Kentucky, and planning to invest roughly $2 billion over the next two years. Ford Energy, a wholly-owned subsidiary, aims to deploy at least 20 GWh of battery storage annually by late 2027 and has a five-year framework agreement with EDF power solutions North America for up to 4 GWh per year. GM, which recorded cumulative charges of $10.9 billion, has also launched an energy storage business and is partnering with Peak Energy on sodium-ion chemistry for grid-scale storage. The U.S. installed a record 20.2 GWh of energy storage in the second quarter of 2026, with utility-scale capacity growing at an annual average rate of 70% over the past three years.

Impact on stocks 2

Electrification & Mobility▲ · 2 stocks
Ford Motor Company
F
▲ PositiveDemandrelevance

Ford launched Ford Energy BESS business, repurposing Kentucky capacity and targeting 20 GWh annually with an EDF framework agreement for up to 4 GWh/year.

General Motors Company
GM
▲ PositiveDemandrelevance

GM launched an energy storage business and is partnering with Peak Energy on sodium-ion chemistry for grid-scale storage.

Theme Impact 3

Off-coverage companies 2

Peak EnergyPrivate▲ Positive
Technologyrelevance

GM is partnering with Peak Energy on sodium-ion chemistry for grid-scale storage.

EDF Power SolutionsPrivate▲ Positive
Demandrelevance

EDF Power Solutions North America signed a five-year framework agreement with Ford Energy for up to 4 GWh of battery storage per year.

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