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CleanTechnica•10 days ago

•Ford Motor Company is strategically pivoting away from an 'all in' electric vehicle strategy, shifting focus towards hybrid gas-electric vehicles.
•The company is demonstrating a 'massively expanded interest' in the energy storage industry, indicating a significant new area of investment and development for the OEM.
•This shift by a major automotive manufacturer suggests potential re-evaluation of EV market growth projections and signals increased opportunities and competition within the energy storage sector for developers and large power consumers.

storage

Utility Dive•10 days ago

•SK On, a major battery manufacturer, is pivoting its U.S. strategy to focus on stationary energy storage systems for "profitable and sustainable growth."
•This strategic shift follows the termination of a joint venture with Ford, though SK On will continue to supply EV batteries to Ford.
•The increased commitment from a significant OEM like SK On to stationary storage could lead to greater supply availability and potentially more competitive pricing for grid-scale and large commercial/industrial battery projects.

storage

Utility Dive•10 days ago

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