GM is starting an energy storage subsidiary to take on the Tesla Powerwall | CNN Business

General Motors\n \n is starting its own energy storage business using its Ultium battery packs to power homes and charge cars as well as to feed power back into the grid when needed. The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively.

GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The Chevrolet Silverado EV pickup will be the first GM vehicle capable of bi-directional charging but others will follow. Other automakers are also working on so-called bi-directional charging, which allows electric cars to serve as temporary power buffers for homes.

Thank the Republicans for allowing gm to aquire crypto to fund this little green project.

Less Dollar! More Work !!

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