Ford Motor Co. (NYSE:F) stock is up 0.4% to trade at $13.70 at last check, after the automaker announced it will pivot into hybrids and extended-range EVs in a move that will cost $19.5 billion. The news comes as the company focuses on producing smaller, more affordable vehicles, resulting in the cancellation of its larger F-150 Lightning EV pickup. Additionally, Ford will launch a battery energy storage system business that repurposes existing EV battery plants in Kentucky and Michigan.The stock reached a ...

DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company today announced a series of actions to sharpen its Ford+ plan, executing a decisive redeployment of capital to meet customer demand and drive profitable growth. The company is shifting to higher-return opportunities, including leveraging its U.S. manufacturing footprint to add trucks and vans to its lineup and launch a new, high-growth battery energy storage business. As part of these actions, Ford no longer plans to produce select larger electric vehicle ...

Core Insights - Canadian Solar Inc. (CSIQ) has received a Development Consent Order for the Tillbridge solar and battery energy storage project in Lincolnshire, England, marking a significant milestone in its UK growth strategy [1][9] - The project will integrate 800 MW of solar PV with a 500 MW/1,000 MWh battery energy storage system, expected to generate approximately 857.6 GWh of clean electricity annually, enough to power nearly 300,000 UK homes [2][9] - The facility is projected to avoid over 15 million tons of CO2 emissions over its lifetime, contributing to both national and local energy supply and environmental benefits [3][9] Benefits of the Project - The Tillbridge project will enhance the UK's supply of reliable, low-carbon energy while providing community and environmental improvements [3] - Once operational, it will rank among the largest hybrid solar-plus-storage facilities in the UK [3] Market Context - The energy storage market in Europe is expected to grow at a CAGR of 18% from 2025 to 2030, which aligns with Canadian Solar's strategy to expand its presence in the region [4] - Other companies, such as Fluence Energy, SolarEdge Technologies, and Enphase Energy, are also increasing their footprint in Europe to capitalize on the growing battery storage market [6][10] Competitive Landscape - Fluence Energy plans to develop Europe's largest battery energy storage system, a 1 GW/4 GWh project in Germany, with a projected revenue increase of 51.3% for fiscal 2026 [7] - SolarEdge Technologies is well-positioned in Europe, particularly in Germany, with a projected revenue increase of 25.4% for 2025 [8] - Enphase Energy is expanding its European presence with new product launches, expecting a revenue rise of 9.4% for 2025 [10] Stock Performance - Canadian Solar shares have increased by 134.2% over the past six months, outperforming the industry growth of 48.2% [11]