Why everyone’s an energy company now
First Tesla, then Ford, and now GM — it seems every automaker wants a slice of the energy storage market.
It’s easy to see why. While EV sales have stagnated in the United States, sales of large, stationary batteries have doubled in the past two years. And they show no signs of stopping.
Despite incentives being gutted in the One Big Beautiful Bill Act, the Solar Energy Industries Association expects annual installations to exceed 110 GWh per year by 2030, about double what they are today.
“There’s a lot of potential for this market,” Kurt Kelty, vice president of battery and sustainability at GM, told TechCrunch.
GM has dabbled in energy storage before, but on Tuesday it took a bigger swing, rolling out an entirely new battery sodium-ion battery chemistry that’s aimed at the heart of the market.
The skyrocketing energy storage market is being driven higher by...
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