{
  "id": 6168710,
  "title": "GM, Ford Turn EV Battery Bust Into Energy Storage Bet",
  "url": "https://urgent.news/2026/09/07/gm-ford-turn-ev-battery-bust-into-energy-storage-bet",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T20:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Energy-General/GM-Ford-Turn-EV-Battery-Bust-Into-Energy-Storage-Bet.html"
  },
  "original_language": "en",
  "account": "General Motors and Ford Motor Company, once leaders in electric vehicle production, are now turning their attention to battery energy storage systems (BESS) to capitalize on the rising demand. The automakers have previously taken significant financial hits, with Ford writing down $19.5 billion and GM $10.9 billion due to underutilized electric vehicle battery capacity. Now, they seek to transform these assets into a profitable energy storage business. Ford, in particular, is repurposing its underutilized EV battery manufacturing facilities in Glendale, Kentucky, to produce BESS. The company plans to invest $2 billion over the next two years to scale this business. Ford Energy, a wholly-owned subsidiary of Ford, will supply battery energy storage systems to utilities, data centers, and large industrial customers in the U.S. Ford has also formed a partnership with EDF Power Solutions to provide up to 20 GWh of battery storage annually. Meanwhile, GM has launched an energy storage business and vehicle-to-grid technology offerings, collaborating with Peak Energy to develop sodium ion chemistry for grid-scale storage systems. The U.S. energy storage market has seen a record surge in installations, with 20.2 GWh added in the second quarter of 2026, bringing total installations for the first half of the year to 30.8 GWh.",
  "summary": "The biggest U.S. legacy automakers look to turn the losses from their underutilized electric vehicle battery capacity into a new profitable business to seize the soaring demand for battery storage energy systems. GM and Ford, which, due to poor demand, have written down billions of U.S. dollars of investments in the EV expansion push, are now pivoting to the energy storage business to meet the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}