General Motors is planning photovoltaics!
According to the Financial Associated Press, General Motors announced on its official website on October 11 that the company is launching a new energy business to provide households and businesses with a series of energy management such as battery packs, solar panels, and electric vehicle charging piles products.
GM also launched two new businesses, Ultium Home and Ultium Commercial, which combine with the existing Ultium Charge 360 to form a new division called "GM Energy" to create a new energy ecosystem.
Future products and services for this segment will include: bidirectional charging, vehicle-to-home (V2H) and vehicle-to-grid (V2G) applications, stationary power storage, solar products, software applications, cloud management tools, microgrid solutions, hydrogen fuel battery etc.
GM said the new unit will improve local grid resiliency while providing customers with energy management solutions. In recent years, natural disasters such as hurricanes and snowstorms have frequently occurred in North America, resulting in many large-scale power outages. In addition, extreme heat waves in the summer have also caused electricity consumption to soar in many places, including California's power grid has repeatedly failed.
Travis Hester, a GM executive, said GM Energy is targeting a market of between $125 billion and $250 billion because grid reliability has never been more important.
GM also announced that it has agreed to partner with solar technology and energy services provider SunPower to provide residential and commercial customers with solar panels and home energy storage.
The media pointed out that GM's project plan with SunPower is similar to Tesla's Powerwall, that is, the battery panel made by the car manufacturer powers the home at night or during a power outage.
While General Motors paints a grand picture of the market, it still pales in comparison to Tesla's progress.
In August of this year, Tesla has established a partnership with Southern California Edison to expand its virtual power plant business in Northern California to the southern part of the state; in September, Tesla also planned with a U.S. real estate manufacturer in the capital of Texas Austin builds a photovoltaic community.
A few days ago, Poly Capital and Country Garden Ventures jointly incubated a new energy company, Baobi New Energy, whose first demonstration project of optical storage and charging was laid at the Shanghai Jielong Art Printing Factory on September 28.
Previously, Midea, Haier, Konka and other companies have successively entered the photovoltaic industry. Now cross-border photovoltaics are the norm, and they will not be called cross-border in the future! It is called to respond to the call, to achieve carbon neutrality, and to deploy new energy sooner or later, Haven't you excited yet?
