From ESS News
Ford is repurposing underutilized electric vehicle battery capacity and pivoting toward “higher-return opportunities” in the energy storage sector. The automotive giant said Monday it will invest roughly $2 billion in the next two years to scale the new business.
Initial production is expected to come online within 18 months, supported by Ford’s manufacturing expertise and licensed battery technology. By late 2027, the company aims to deploy at least 20 GWh of energy storage annually.
Ford expects the new business – including sales and service – to capture growing demand for battery energy storage from data centers and grid-supporting infrastructure. To that end, the company plans to repurpose existing, underutilized US battery manufacturing capacity in Glendale, Kentucky.
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