GM takes on Tesla in home and commercial energy storage, management

[Caribbeans]

U.S. President Joe Biden steps out of an electric Chevrolet Silverado EV pickup truck being shown to him by General Motors Chief Executive Mary Barra

Reuters | Paul Lienert

DETROIT, Oct 11 - General Motors Co (GM.N) is expanding beyond car making, with plans to offer energy storage and management services to residential and commercial customers through its new GM Energy unit in a move that puts it in even greater competition with Tesla Inc (TSLA.O).

GM Energy will bundle the existing Ultium Charge 360 public charging service with two new units, Ultium Home and Ultium Commercial, that will offer stationary storage batteries, as well as solar panels and hydrogen fuel cells, the company said on Tuesday.

"We're getting into the entire ecosystem of energy management," GM executive Travis Hester said in an interview.

"Our competition in this space on the (automaker) side is really only Tesla, which is a strong energy management company," added Hester, who heads EV Growth Operations. "There are a lot of analogies you can draw with Tesla."...more
https://www.reuters.com/business/autos-transportation/gm-takes-tesla-home-commercial-energy-storage-management-2022-10-11/

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[PortTack]

1. Good .. I hope they tromp musk!

[Finishline42]

2. This from a story on Yahoo finance about GM Energy

With some US regions seeing an increase in blackouts, more companies will be competing to sell power solutions -- especially solar for home and commercial fleet use -- said Sam Abuelsamid, principal research analyst at Guidehouse Insights. Tesla is selling stationary energy storage, as is Generac Holdings Inc.

“We’re going to see major automakers all going down this path,” Abuelsamid said in an interview. “There may not be enough power in some parts of the country, so people may be more interested in solar. The bigger part of this will be the commercial side with fleet customers.”

Fleet customers will be the real test with EV's. If they see long term significant savings, they will certainly replace worn out ICE vehicles with EV's.

Amazon has committed to buy 100,000 Rivan vans for delivering packages and Pepsi is taking delivery of Tesla Semi's.

[Duppers]

3. Wonderful news.

TY for posting, Caribbeans. Your posts are keeping us updated.