Ford Motor is expanding its push into grid-scale energy storage as power demand rises alongside heavier use of artificial intelligence services in the U.S. The new agreement allows EDF to procure up to 20 gigawatt-hours of battery storage capacity over five years, with deliveries expected to begin in 2028.
Highlights
- Ford Energy signs five-year deal with EDF to supply up to 20 GWh of storage capacity, with deliveries beginning in 2028.
- EDF can procure up to 4 GWh annually of DC Block battery energy storage systems from Ford Energy under the agreement.
- Ford shares rise about 3.6% in premarket trading following the announcement of the storage supply deal with EDF.
Battery storage agreement and rollout timeline
As reported by Reuters, Ford Motor's energy unit says it has signed a five-year deal with renewable power developer EDF to supply up to 20 gigawatt-hours of storage capacity. Under the agreement, EDF can procure as much as 4 GWh a year of DC Block battery energy storage systems from Ford Energy.The companies say deliveries under the agreement are expected to begin in 2028. Ford shares rise about 3.6% in premarket trading after the announcement.
U.S. power demand creates new market opening
Data centers are increasingly turning to backup power systems as a jump in electricity demand, driven by growing use of artificial intelligence services, puts pressure on energy infrastructure in the U.S. Automakers are also seeking to benefit from that demand by repurposing infrastructure originally built for electric-vehicle batteries into energy storage systems.After a $19.5 billion writedown on its electric-vehicle programs last year, Ford announced an energy storage business using plant space in Kentucky that had previously been intended for EV battery production. EDF builds and operates low-carbon energy production facilities, along with flexible power and electricity transmission solutions, across the U.S., Canada and Mexico.
Our earlier coverage of NextEra Energy’s planned acquisition of Dominion Energy explained how U.S. utilities are consolidating to meet surging electricity demand from AI-driven data centers. We detailed the $66.8 billion all-stock deal, Dominion’s large portfolio of contracted data-center capacity in Virginia, and how the combination would expand NextEra’s footprint in the PJM Interconnection market.
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