G.M. Plans to Develop Energy Storage Batteries
General Motors will begin making large-scale battery components for utilities and data centers. The move follows Tesla into a market that stores electricity to manage supply and demand swings.
thehindubusinessline.comThe company will produce components that store electricity to smooth fluctuations in power supply and demand. The announcement positions G.M. to follow Tesla, which already supplies similar battery systems to the same customer groups.
Electric-vehicle sales growth has slowed for several major manufacturers, prompting some automakers to seek new revenue streams. Battery storage systems represent one such area, as demand rises from grid operators and large commercial facilities. The company did not disclose investment amounts, production timelines or specific facility locations.
