GM Unveils 3 Energy Bets as Ford Targets $5 Billion Storage Revenue by 2030

3 articles · Updated · The Motley Fool · Jun 21

General Motors last week outlined three energy initiatives: vehicle-to-grid programs with utilities, EV-battery reuse and recycling for grid storage, and sodium-ion batteries to be produced after 2028.
California and Michigan utilities are already in talks with GM on using parked EVs to support peak demand, while Redwood Materials will help repurpose old batteries for utility-scale storage.
Peak Energy is GM’s partner on sodium-ion chemistry, which GM says could cut costs by using more abundant sodium and avoid some lithium-ion cooling needs.
The push follows Ford’s January plan to build a battery energy storage business in Kentucky and Michigan, aiming for 20 gigawatt-hours of annual output and as much as $5 billion in revenue by 2030.
Investors have warmed to the auto-to-energy pivot after Tesla grew its energy generation and storage revenue to $12.8 billion, with gross margins nearing 30% in 2025.

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Overview

As of June 2026, the automotive industry is undergoing a major transformation, with Ford and General Motors rapidly expanding into the energy storage sector. Leveraging their expertise in battery technology and large-scale production, these automakers are addressing the rising demand for grid resilience, renewable energy integration, and home power solutions. Ford has launched Ford Energy, a new subsidiary focused on energy storage, while General Motors is also making significant moves in this space. Both companies are building on their manufacturing strengths and supply chain capabilities to establish themselves as key players in the evolving energy landscape.

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