Ford is starting a battery storage business to power data centers and the grid

Core Insights - Ford is shifting its focus from large electric vehicles to a new battery storage business, repurposing its battery manufacturing capacity to create storage systems for data centers and electric grid demand management [1][2] Group 1: Business Strategy - Ford plans to invest approximately $2 billion into the new battery storage business over the next two years [2] - The company aims to build an annual capacity of 20GWh for its battery storage systems, which are expected to start shipping in 2027 [2] - Existing manufacturing capacity at Ford's Kentucky factory will be repurposed to produce LFP prismatic cells and battery energy storage system modules [2] Group 2: Market Focus - The primary target market for Ford's new battery storage systems will be commercial grid customers, with data centers as a secondary focus [3] - Ford also anticipates offering home storage products in the future [3] Group 3: Competitive Landscape - Ford will join other automakers like Tesla and General Motors in the battery storage market, with Tesla currently deploying around 10GWh of battery storage products every quarter [4]