Amid Ford’s move away from making big electric vehicles, the automaker is adding a new product line to find a home for its batteries.
Ford said Monday that rather than scrapping plans to make batteries for those vehicles, it would divert that capacity to a new battery storage business. Those storage systems, which will use inexpensive LFP batteries, will be used to power data centers and help buffer demand on the electric grid.
Ford says the battery storage system will begin shipping in 2027 and the company plans to build 20GWh of annual capacity.
Ford will join a number of automakers that are working in or planning to enter the battery storage space. Tesla has spent the last decade selling battery storage products and deploying about 10GWh each quarter. General Motors also has a set of domestic and commercial battery storage products,
Lisa Drake, vice president of technology platform programs and EV systems at Ford, said the “key” opportunity for new business will be commercial grid customers. But data centers will be secondary, and then Ford hopes to offer some home storage products, Drake said.
This story is developing…
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