May. 12 at 2:58 PM
$F starting new business: BESS (Battery Energy Storage Systems)
Ford Energy will deliver " United States -assembled battery energy storage systems for utilities, data centers, and large industrial & commercial customers in the US"
The same lithium-ion batteries that power EVs can also be used to store energy from renewable power generation, which helps make solar & wind power-generating assets more reliable
Ford plans to deploy "at least 20GW hours annually, w/ first customer deliveries planned for late 2027"
Ford has extra battery capacity b/c their EVs are selling well. Ford recorded charges totaling almost
$20B in FY25. Energy storage is one way to salvage part of that investment.