Energy Storage News•9 days ago
Ford’s ‘big strategic pivot’ into the ‘fiercely competitive’ battery storage market
Key Takeaway
Ford's entry as a major OEM underscores the increasing strategic importance and competitive nature of the energy storage market, potentially impacting supply chains and innovation for developers and large loads.
AI Summary
- •Ford Motor Company is making a "big strategic pivot" by entering the energy storage market.
- •This move signals increasing strategic interest and investment from major industrial Original Equipment Manufacturers (OEMs) in the energy storage sector.
- •The energy storage market is described as "fiercely competitive," suggesting intensified competition and potential for new technologies or business models.
- •For developers and large power consumers, Ford's entry could introduce new suppliers, drive innovation, and potentially impact pricing and availability of battery storage solutions.
Topics
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