"Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be used to power data centers and help buffer demand on the electric grid. Ford says the battery storage systems will start shipping in 2027 and that the company plans to build 20GWh of annual capacity."
"Ford will join a number of automakers who are operating in or planning to enter the battery storage space. Tesla has spent the last decade selling battery storage products and deploys around 10GWh every quarter. General Motors also has a set of home and commercial battery storage products. Lisa Drake, vice president of technology platform programs and EV systems at Ford, said the "predominant" opportunity for the new business will be commercial grid customers."
Ford will pivot battery capacity originally intended for large electric vehicles into a new battery storage business that uses lower-cost LFP cells. The storage systems will power data centers and help buffer demand on the electric grid. Shipments are planned to begin in 2027 with a target manufacturing capacity of 20GWh per year. The primary market will be commercial grid customers, with data centers as a secondary market and later offerings for home storage. Ford joins other automakers entering battery storage, alongside Tesla’s large deployments and General Motors’ home and commercial products.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]